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We know that sticking to a household budget can be a very boring exercise. However, you could make it a bit more fun by making it competitive. Establish a savings target for everyone in your family and put them up on a board in a central area such as the kitchen. Then whoever saves the most each month would be awarded a gift card to their favorite store or, better yet, whoever saves the least could be required to clean up after dinner for the next month.
6. Create an emergency fund
Practically every article or book you read about personal finance will advise you to create an emergency fund. And there's a good reason for this. It's almost impossible to predict what will happen to you financially in the future. However, it's certain that you will have some unexpected financial crisis whether it's a big automobile repair bill, serious illness or your furnace dies. The only real way to prepare for these unexpected events is to have an emergency fund. A CNBC.com article revealed that 6 out of 10 consumers cannot cover an unexpected expense. Make a financial resolution to create a separate savings account and then deposit money into it every month that's not to be touched except for, of course, emergencies. This would keep you from having to take out a payday loan or put the money on a credit card when you do have an unanticipated financial emergency
7. Buy life or disability insurance
While we know you don't want to spend much time thinking about worst-case scenarios. However, life insurance and disability insurance both will come in handy if something unexpectedly dire happens – particularly if you have a family that relies on your income. According to the data published by Limra.com, 1 in 4 20-year-olds will suffer a disability before retiring. Term life insurance is very inexpensive and if you have a young family is almost a must-have investment.
8. Remember to treat yourself occasionally
Here's the fun financial resolution -- you need to throw yourself a few financial treats this year, And the best way to do this is to set some goals and then save for each one – whether it's a cruise, a weekend at the shore or a new smartphone. If you have to make some financial sacrifices along the way in order to save enough money to reach your goals that's okay because when you reach one, you'll enjoy it even more.