Start Fresh With Money in 2026

January Newsletter

January is the perfect time to start fresh with money.

Better management of money is one of the top New Year’s resolutions. The key to being financially fit is sticking to a realistic budget. January is the month to address poor spending habits. You can eliminate impulse spending and move in a positive direction.

When you are starting fresh, your focus should be on saving money and paying off debts. You can eliminate unnecessary expenses . It took me five years to become debt free , including my mortgage. I was not prefect but I learned to live within my means by sticking to a budget.

You can manage impulse spending by sticking to a budget.if you desire something that costs more than what is in your budget, do not buy it. However, when you are debt free and have the cash to buy that desired item, you are free to buy it. Freedom is what you achieve when you have no debt and money to pay for what you need and want.

Dave Ramsey, Financial Coach and radio show host, recommends the Debt Snow ball method. You pay your smallest debt off first and then throw the extra money towards the next smallest debt until all debts are paid in full. I do not regret all the sacrifices I made to be debt free and have vowed never to borrow money again.

Once you learn to manage your money, you build confidence in yourself. When you are disciplined in your finances, you open doors to positive opportunities to include home ownership and investments.If you desire a fresh start in your finances, schedule a session with me at www.peacefullifefinancial.com. Karen Skelton Money Coach