We get it: Money resolutions can feel like a lost cause, especially if you’re already drowning in debt or saddled with uber-bad credit. But if the fear of falling short is stopping you from even attempting to reach any financial goals, well, it may be time to think smaller.
There are lots of little steps you can take over the course of the new year that, in tandem, can lead to ultimate financial balance.
50 WAYS TO FRESHEN YOUR FINANCES
1. Do Your Taxes ASAP
You’ll want to avoid taxpayer identity theft, which can delay a much-needed refund. Plus, an early refund can bolster your financial situation.
Jumpstart your emergency fund by setting up an automatic deposit or transfer into a savings account each month.
3. Give Cash a Try
If you’re prone to overspending on credit or debit, spend a week or two keeping only cash in your wallet. You can’t overspend cash — once it’s gone, it’s gone.
Read More: How to Create A Cash Budget
4. Ask for a Raise
If you have a performance review coming up, or the opportunity to ask for a raise, now’s the time to take stock of your professional value and put together a pitch for better compensation.
5. Check Your Credit Scores
You can’t know what to improve if you don’t know where you stand.
Read More: How to Improve Your Credit Score
6. Spring-Clean Your Credit Report
Do a major audit by pulling your free annual credit reports via AnnualCreditReport.com and dispute any errors you find with the credit bureau(s) in question.
Also see: How much is too much credit card debt
7. Reevaluate Your Savings Strategy
See if you can maximize your savings by opening an account with a higher annual percentage yield (APY) than your current one or consider a savings vehicle, like a money market fund or a Certificate of Deposit (CD).
While it can cost a lot at first, moving can be a long-term money-saving strategy. A good rule of thumb is to keep your housing expenses below 30% (or, ideally, less than 25%) of your income. Do the math and a little research to see if you can do better than your current rent payment. Make sure you factor any the expense of any increase in commutes to make sure it really would be a financially beneficial move.
9. Ask for a Lower Credit Card APR
If you’re paying high interest on your credit card, see if you can’t talk it down. By negotiating down your annual percentage rate (APR), you could save serious money.
Read More: How to Negotiate Credit Card Rates
10. Get a Balance Transfer Credit Card
Look into moving high-interest credit card debt onto a new card touting a low-to-no introductory APR for the rest of the year (or longer). Note: Most issuers charge a balance-transfer fee. Check out all of the top rated cards that may work perfectly for you.
11. Prioritize Payments
Our favorite way to pay down multiple credit cards? Put as much money as you can toward the balance with the highest APR, while paying the minimum on your other plastic. That way, you’ll save on interest charges.
12. Consider a Credit-Builder Loan
If your credit is shot, which would increase your APRs, one way you can start to rebuild your payment history is with a credit-builder loan. You can look into credit-builder loans at your local bank or credit union.
13. Find a Secured Card To Rebuild Your Credit
Secured credit cards, which require an upfront deposit that serves as your credit limit, are designed specifically for people who need to build or fix their credit.
Read More: How to Increase Your Credit Score
14. Figure Out Where the ‘Right’ ATMs Are
Every time you use an out-of-network ATM, you’re paying money to use your own money. Cutting back on those fees can really help you save in the long run.
15. Simply Review Your Budget
How often do you look at your budget? If it’s been a while, start the year off fresh with a budget more customized to where you (and your finances) are today.
Read More: A Simple Budget That Anyone Can Follow
16. Scour Your Credit Card Statements
You could spot areas where you’re overspending. Plus, you’ll want to be on the lookout for fraud or billing errors.
17. Try a Budgeting App
There are a lot of free ones out there that can track your spending, point out what expenses are really draining your bank account and alert you when you’re about to go overboard.
18. Eat at home
Dining out too often can put a serious strain on your wallet. Try cooking at home just a few times a week, and you’re sure to free up some money you can use to pay down debts or put into a savings account.
19. Plan Your Meals
Better yet, try planning out your meals several days or a week in advance, and set aside time to shop for and prepare them. This minimizes the chance you’ll dine out, which is generally more expensive than home-cooked food.
Read More: How to Create a Meal Plan
20. Cancel Memberships
If you’re not using your streaming account, or don’t use it that often, go ahead and cancel it. You can always renew later if you decide you miss it, and you’ll free up money each month.
21. Review Your Transportation Situation
Can you begin biking to work or ride with a friend to cut gas expenses? Perhaps walking to work a few times a week could help you save on bus fare.
If you haven’t already started putting money aside for retirement, this may be the year to start doing so. Added bonus: If your company matches any investments you make, it’s like getting free money for those golden years.
Read More: How to Get Started Investing
23. Look into a Rewards Credit Card
If you charge a lot and pay those balances off in full, but only have a standard credit card, you may be losing out on rewards for your spending. Check your credit scores and see what types of cards you’d qualify for. You may even be able to get a rewards card that doesn’t have an annual fee.
24. Evaluate Your Rewards Credit Card
Already have a rewards credit card? Now might be the time to look at it and see what perks it’s offering you. Does your credit card reward you most for the money you spend at the gas station? That’s great if you drive a lot, but if you’re taking public transportation or walking, there may be a better rewards credit card out there for you.
25. Negotiate With Your Creditors
If you’ve got outstanding debts, see if the creditor or collector will agree to a payment plan.
Read More: How to Negotiate Your Debts
26. Clip Coupons
Yes, it’s old-fashioned, but those weekly circulars from your local grocery store and coupons from newspapers, mailers, and sites like Coupons.com can really add up, especially if you hit double- or triple-coupon days.
27. Pay Off a Loan
If you’re nearing the end of your loan term, whether it’s for a car, student loan or something else, consider paying it off if you have the cash. You’ll cut out the interest you would’ve paid and, chances are, you’re paying more in interest for the loans than you’re making on the money if you leave it in your savings account until the bill comes due.
28. Review Your Insurance Policies
It’s a good idea to review your insurance policies — whether it’s your home insurance, car insurance or any other type — to see if you’re still getting the coverage you need. Then, take that information and shop around to make sure you’re getting the best price available.
29. Ask More Questions
Personal finance can be really confusing, so don’t be embarrassed if you don’t understand some of the concepts — even the seemingly basic ones. Commit to learning more about things like how credit works, your options for retirement planning or smart ways to use your credit card.
30. Set Calendar Reminders
Putting bill due dates in a digital calendar and setting up notifications will help you remember to pay things on time and save you the hassle of late-payment fees or damaged credit.
31. Set a Savings Goal
Think back to what you wanted to do last year but couldn’t afford. Was it a vacation? Buying holiday gifts? Build emergency savings? Figure out how much you want to save, when you want to save it by and how much you have to set aside each month to reach that goal. Then do it.
32. Give up Your Vices or Guilty Pleasures
Do you put too many dollars toward dining out? Perhaps you spent too much on alcohol or cigarettes? Consider giving up these things (or at least cutting back on them) and using the excess cash to pay down debts, build up an emergency fund or save for a big-ticket item.
33. Sell Stuff You Don’t Need
Take a look around the house and see if there’s anything you’re not using. By selling your unwanted items, you can free up money to put toward your savings or paying down credit card debt.
34. Change Your Passwords
Protect financial accounts by changing up those access digits, especially if you’re using any of those old, less secure passwords. Just make sure you do all you can to make sure they are all as secure.
35. Comparison Shop
Want to score a great deal? Search online and shop around to find the best deals on products. You don’t have to settle for the first deal you see.
36. Consult a Professional
If your money situation is complex, a visit with a certified financial planner, credit counselor or certified public accountant may be worthwhile.
37. Turn Your Hobby into Cash
Websites like Etsy have made it possible for thousands of people to sell their wares with little or no investment beyond the craft itself. So, if you make your own candles, scented soaps or other artisinal wares, consider setting up a shop.
Read More: Unique Ways to Make Money at Home
38. Fill a Piggy Bank
At the end of every day, drop your loose change into a jar or other vessel — it doesn’t have to be a piggy bank per se — and do it every day. One of our editors tried this last year and had $285 in change by the end of it. That’s a nice dinner out, and then some.
39. Cut Water Costs
If you don’t already have low-flow shower heads and toilets, consider getting them. New toilets can be expensive, but you can cheat by filling a liter bottle with water and then dropping it in the tank so you don’t use as much water each time you flush.
40. Buy Generic Brands
Why pay full price for name brands when generics work just as well? Get in the habit of buying these, at least some of the time, and your wallet is sure to get fatter.
41. Make Shopping Lists
An easy way to save money is by making a shopping list before you hit the stores. Stick to it, especially if you’re shopping when you’re hungry, and you’ll avoid buying items you just don’t need.
If your credit has improved, see if you can qualify for a lower-rate on a mortgage, auto loan or private student loan, for instance. Just be sure to account for any fees associated with refinancing before you go ahead and do so.
43. Make Your Home Energy Efficient
It may cost more upfront, but little upgrades like installing a programmable thermostat can help you cut down your energy costs.
Read More: How to Save Money On Your Utilities
44. Use the Library
If you buy a lot of books or music, try borrowing it from the library instead. As long as you avoid late return fees, you’ll end up saving a considerable amount of money.
45. Consolidate Your Credit Card Debt
Look into getting a personal loan, or debt consolidation loan, to consolidate debts you’re carrying on multiple credit cards. Depending on your credit, you may be able to secure a lower rate.
46. Live Below Your Means
Spending less than you earn on a regular basis is one way to ensure you always have an emergency fund on hand. Borrowing less than you need — or at least not over-borrowing — will save you big on interest.
47. Reevaluate Your Tax Withholding
Sure, a big tax refund is nice, but it indicates you were paying the government too much all year. Consider changing your withholding specification on your W-4 to get more money back on each paycheck.
48. Wait a Day Before Buying
If you’re prone to impulse-shopping, institute a one-day waiting period before buying. That’ll give you time to evaluate if the purchase is a want or a need.
49. Pay Your Credit Card More Than Once a Month
Link your debit card account to your credit card account and then make a habit of paying down your balances once a week — or at least twice a month. That’ll help you avoid spending more than what’s in your bank account.
50. Skip the Trip
Sure, an expensive vacation seems like a necessity, but, if finances are tight this year, opt for a staycation or an affordable road trip instead.
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This article originally appeared on Credit.com.