LOUISVILLE, KY (WAVE) - If you're looking to tighten up your finances in 2013, start setting goals now. Financial advisor Tony Walker tells his clients to start with a clear vision of what's actually possible. Walker said it's surprising what can be accomplished in just one year.
"You may decide by the end of the year, I'd like to pay off one of my credit cards or by the end of the year I'd like to save $2,000 in a savings account," said Walker.
Walker is not a fan of fancy budgets. He calls them "often overwhelming," and "tough to stick to." Instead, Walker's advice is to simply look at your cost and start with things you can immediately do to save some cash.
"Call your property and casualty insurance agency. Ask about your home, your auto, look at your deductibles, look at things like life insurance, term life insurance. Really look at things you don't need or at least you can improve upon" Walker said.
If it's your goal to plan for the future this year, again, start with a realistic understanding of what you can do, assess your situation, commit, implement and finally, you need to monitor.
"Figure out a way how you're going to monitor your progress on a regular basis," said Walker. "If you do those five steps you'll feel like you're more confident and on your way to accomplishing your objectives."
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