This article was created by SheKnows for NerdWallet.
With 2022 in full swing, you can finally start thinking about how you’re going to achieve your New Year’s resolutions. When it comes to New Year’s resolutions, I know I’m guilty of starting strong and then losing momentum. once the clock strikes February, but this time around, I’m committed to doing what it takes to make sure I reach my goals. in 2022, including my financial goals. And I know I’m not alone in this. Sometimes this can seem difficult to do, especially when you have financial obligations to meet such as car maintenance, mortgage, utilities, groceries, etc., but it can be done with some money. aid.
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Signal NerdWallet, a personal finance company that offers expert, trustworthy advice to help you make financial decisions with confidence. Through the company’s website and app, consumers can make informed decisions with educational content, tools, calculators and comparisons of different financial products. Trust us, it’s not too good to be true and it’s super easy to use. Here are some of the things I learned from them that might help you get started with financial planning for the year ahead. Take a look below at some of the simple, yet effective ways to achieve your financial goals in 2022.
Choose the best credit card
that you wanted pay less interest or earn more rewards, taking the guesswork out of choosing the right credit card makes all the difference. That’s why NerdWallet offers advice on how to choose the best credit card for you. Because ultimately, the best credit card for you and your needs depends on understand your options and know what questions to ask.
Consider your personal loan options
There are two types of debt: secured and unsecured (not secured by an asset), with most personal loans falling into the latter category. It might not be the most fun activity, but tackling your debt is a great way to start reaching your financial goals this New Year. If you don’t know where to start, debt consolidation loans can help borrowers combine multiple high-interest debts into one payment. It can also reduce the total interest you owe on the debt and help you pay it off faster. For more tips and best practices, NerdWallet loans reviewed from over 30 personal lenders to find loan rates and features for good and bad credit, debt consolidation, and more.
Find the mortgage lender that’s right for you
If you are planning to buy a house in 2022, you may already be considering get pre-approved for a mortgage. While exploring your mortgage options is part of the home buying process, it can get overwhelming at times. That’s why you’ll want to make sure you’re doing what you can to choose the right type of mortgage that best suits your needs. Although there are generally four main categories of mortgages (conventional, FHA, USDA and VA), you have the choice between mortgage term and, of course, mortgage lenders. For in-depth reviews on multiple mortgage lenders, NerdWallet has reviewed some of the best to help you choose one with confidence.
Learn about your investment options
While some may be more knowledgeable than others on the subject of investing, that doesn’t mean novices can’t learn more about it. If you consider yourself an investing newbie, NerdWallet has informative content for investing like a list of best online stock brokers for starters, resources to help you find a retirement plan that’s right for you, educational content how much you could contribute to your 401(k), and more.
Know your credit score
Because credit scores influence many aspects of your life, i.e. whether you get a loan or a credit card, what interest rate you pay, and even whether you get an apartment you want, it is important to know and understand your credit score. A credit score is a three-digit number, usually on a scale of 300 to 850, that estimates the likelihood that you will repay borrowed money and pay your bills. Generally, a credit score of 630-689 is considered fair credit, and 690-719 is considered good. To learn how to establish your credit score, visit here.
Remember that achieving your financial goals won’t happen overnight, but with these tips, you can take the right steps to ensure your financial future is strong.
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