Four key financial resolutions for 2015:

1. Save more. Resolve to put more money into your savings and/or investment accounts. This boosts your financial security, giving you money for your kids’ college educations and weddings, or to tide you over between jobs. Also look at re-financing… rates have dropped recently. You might be able to save money every month.

2. Cut your debts. Resolve to get rid of your credit card balances. Why keep spending all that money on interest? Examine your monthly expenses, and then cut the low-hanging fruit: dining out, movies, and lattes. Reduce or eliminate these expenditures, just for this year, and then use that money to whittle your credit card balances down to zero.

3. Set up an emergency fund. Resolve to open a separate savings account for large emergency expenses such as a new furnace, major car repair, or medical emergency. Experts recommend you stockpile 3 to 6 months worth of living expenses.

4. Get serious about retirement. Resolve to put away more money for retirement. If you’re in a company-sponsored 401(k) plan, make sure you’re putting in enough to get the full company match. Beyond that, increase the amount you’re saving even if it feels a little uncomfortable. Ultimately, you’ll be happy you did.

Is purchasing or refinancing a home on your to-do list for 2015? If so, contact your HomeBridge Mortgage Loan Originator today for a free mortgage consultation.

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