- Hi, I'm Jean Chatzky, and this is your Savvy Money Minute.
- [Narrator] Brought to you by Credit Union of Southern California.
- Think it's too late to resolve to improve your finances this year? It's not, no excuses. Here are five tips. One, set goals, then break them into manageable benchmarks. Want to save $5,000 this year? Aim for $420 a month. Two, get organized. Chaos, as in stacks of mail on the kitchen counter, or receipts shoved every which place, is paralyzing. Dump it all out on the floor, then sort it into a system you can stick with. Three, track your spending. If you don't know what's going out, it's impossible to make a budget. Four, create that budget, and make sure to include savings as a separate line item. Your notes from tracking will tell you what you spend and where you can cut back. Five, pay down debt. Start with the highest interest rate first, then work your way down. Time to get started. I'm Jean Chatzky, for Savvy Money.