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Resolve to start giving money away
One of the best ways to learn the value of money is by giving it away. When you get your first paycheck in 2017 take 5% of your net take-home pay in cash. Then next time you walk into a Chick-fil-A or a Taco Bell use the money to pay for some of the other people in line anonymously. Or if you're in a Walmart and see a kid staring at a battery-powered car, buy it for them. You can bet that the people that receive your "donation" will remember it for many years. This is one of the seven financial resolutions that will both give you a greater sense of financial freedom and you'll be helping change other people's lives for the better.
Resolve to start using personal finance software
Do you know how much you spent in 2016 on ATM bank fees or drive-through cappuccinos? We guess that your answer would be no. Resolve to get something like Quicken or Microsoft Money and use it to begin managing your personal finances. Come the end of 2017 we think you’ll be very happy that you made this number six of the financial resolutions.
A really good financial app, which is free, is Mint. It will track your spending and organize it into categories for you. Mint recently added a new feature called Mint Bills that will provide you with bill reminders and bill alerts.
Here's a video with five people who blog about personal finance explaining why it's important to use this software, which one they prefer and why they prefer it.
Resolve to read a book on finances each month
You can't learn how to repair an engine without reading a book about engine repair. If you want to be a good cook, you need to read cookbooks. The same is true of finances. Reading books about finance – whether in hardback or online – allows you to tap into the minds of some of the smartest financial experts ever. Get a copy of One Up on Wall Street, The Intelligent Investor or Common Stocks and Uncommon Profits. These books will teach you how to create a portfolio and value your investments. If you’re really dedicated to the idea of creating long-term wealth than you need to consistently apply yourself to learning about financial market, investments in general and the nature of money … and it's all there in books just waiting for you.