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Weekwrap: The New Year’s Resolution Edition
This here Weekwrap takes a look at new year’s personal-finance resolutions and suggestions from around the web. Check back here in a few days for posts from FiLife staffers on what they’re determined to do in 2008.
Our cousins at The Wall Street Journal ran their annual “How to Fix Your Life Next Year” feature this week. Our old pal Anne Marie notes that people weighed down by student-loan debt need not give up on public-service gigs anymore, since there will be a new student-loan forgiveness program for cops, social workers and others after October 1, 2008.
Over at the All Financial Matters blog, Meg ticks off a couple of goals that sound like they’re related to health (stop smoking and lose 15 pounds) but are actually related to money.
Smokers blow a ton of cash each year stocking up on cigarettes, and the resulting health problems can contribute to a lighter wallet too. Weighing less, meanwhile, means eating less and spending less on food (and getting healthier and thus seeing medical costs drop here too).
Kiplinger’s Kimberly Lankford’s six tips include a good one reminding folks not to wait until the weekend before April 15 to start gathering tax records. In the very least, create a folder now to store all of the documents that will come in the mail in the next few months that outline your 2007 earnings and such.
Finally, the Washington Post’s Michelle Singletary notes that over half of all people who make a financial resolution abandon it within a month. We lack discipline, she says.
Part of the reason the FiLife staff lays its affairs bare here is because we want to hold ourselves accountable in public. If you feel the same way, drop your own resolutions in the comments below. We’ll check back with you at this time next year and see how you did.
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