Achieve your financial goals in 2022 with these simple steps – SheKnows
This article was created by SheKnows for NerdWallet.
With 2022 in full swing, you can finally start thinking about how to make your New Year’s resolutions come true. When it comes to New Year’s resolutions, I know it’s my fault for starting off strong and then losing momentum once the clock strikes February, but this time I’m determined to do whatever it takes to make sure I reach my goals in 2022 – including my money goals. And I know I’m not alone in this. Sometimes it can seem difficult, especially when you have financial commitments that you need to meet, such as B. Auto maintenance, mortgage, utilities, groceries, etc., but it can be done with a little help.
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keyword nerd wallet, a personal finance company that provides knowledgeable and trusted advice so you can make financial decisions with confidence. The company’s website and app enable consumers to make informed decisions about various financial products through educational content, tools, calculators and comparison shops. Trust us, it’s not too good to be true and it’s super easy to use. Here are some of the things I learned from them that might help you start financial planning for the year ahead. Take a look at some of the simple yet effective ways you can achieve your money goals in 2022.
Choose the best credit card
Whether you want pay less interest or earn more rewards, taking the guesswork out of choosing the right credit card makes all the difference. Because of this, NerdWallet provides a guide on how to choose the best credit card to you. After all, the best credit card for you and your needs ultimately depends on it understand your options and know what questions to ask.
Consider your personal loan options
There are two types of debt: secured and unsecured (non-asset) debt, with most personal loans falling into the latter category. It might not be the most fun activity, but tackling your debt is a great way to reach your financial goals this new year. If you are not sure where to start, Debt Consolidation Loan can help borrowers combine multiple high-yield debts into a single payment. It can also reduce the overall interest you owe on the debt and help you pay it off faster. Visit NerdWallet for more tips and best practices verified loans from 30+ personal loan lenders to find interest rates and credit characteristics for good and bad credit, debt consolidation and more.
Find the right mortgage lender for you
If you’re planning to buy a home in 2022, you might already be thinking about it always pre-approved for a mortgage. While exploring your mortgage options is part of the home buying process, it can still get overwhelming at times. That’s why you should make sure you do everything you can to choose the right type of mortgage best suits your needs. While there are typically four main mortgage categories (conventional, FHA, USDA, and VA), you have options when it comes to mortgage terms and, of course, mortgage lenders. For detailed reviews on several mortgage banks, NerdWallet has reviewed some of the best on the market to help you choose one with confidence.
Find out about your investment opportunities
While some may be more knowledgeable about investing than others, that doesn’t mean that beginners can’t learn more. If you consider yourself a novice investor, NerdWallet provides informational content about investing like a list of The best online stock brokers for beginners resources to help you find a retirement plan that’s right for you, educational content about how much you could contribute to your 401(k), and more.
Know your credit score
Because credit scores affect many aspects of your life, such as whether you get a loan or credit card, the interest rate you pay, and even getting the home you want, it’s important to know and understand them your creditworthiness. A credit score is a three-digit number, usually on a scale of 300 to 850, that estimates how likely you are to repay borrowed money and pay bills. Typically, a credit score of 630-689 is considered fair credit and 690-719 is considered good. To learn how to build your credit, visit here.
Remember, you won’t achieve your money goals overnight, but with these tips, you can take the right steps to ensure your financial future is healthy.
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