GOOD READS

25 Ways to Improve Your Finances in 2014

Are you ready to overhaul your spending patterns, start funneling more money into your bank account and buy better (and safer) products in 2014? If so, you've come to the right place. We've rounded up our favorite money stories to give you the bite-size nuggets you need to get your financial resolutions in place. Here are 25 ways to improve your finances in the new year:

1. Start feeling good about money.

If you have a "money shame," or something that embarrasses you or makes you feel badly about how you've handled money in the past, then make this the year to move on. Financial therapist Bari Tessler Linde says many people have trouble thriving in their current financial lives because they're still dwelling on past mistakes. "Most people need to understand their money story first," she says, which includes assessing strengths along with relationships to spending, earning and giving.

2. Create your own money roadmap.

Simply asking yourself what your goals are can help set you on the path to achieving them, says Bart Astor, author of "AARP Roadmap for the Rest of Your Life," which is aimed at the 50-plus crowd. He recommends thinking big and pursuing your biggest dreams, even ones that seem overly ambitious. To help increase the chances of success, he also suggests sitting down with a spreadsheet to crunch some numbers and make sure you have money saved to fund your adventures.

3. Avoid unexpected costs of driving.

Driving is convenient, but it can also be surprisingly costly. You can get into accidents through no fault of your own (and end up having to pay the deductible if the other person leaves the scene or successfully argues it wasn't his fault). Regular maintenance, including oil changes and repairs, along with registration fees and parking permits, also add up.

4. Recover from financial pitfalls.

Climbing back from bankruptcy or paying off huge amounts of credit card debt are no small feats, and if you're in the midst of that kind of transition, you could probably use some support. Find friends who will help you stay on track with affordable activities and by serving as sounding boards. Keep your big goals at the top of your mind by posting them prominently in a place you look every day (like your desk).

5. Avoid dangerous products.

With more than 400 product recalls a year coming out of the Consumer Product Safety Commission, it's hard to keep track of them all. Signing up for email alerts from the commission or downloading an app that alerts you about recalls can help. If you're buying used baby products, you'll want to be especially careful, since there's a high number of crib, stroller and high chair recalls.

Pagination

(5 Pages) | Read all

Quiz: How well do you know India's economy?

Question 1

Which of these products is India the world's largest producer of?

Poll Choice Options
  • Wheat
  • Rice
  • Milk
1
2
3
4
5
6
7
8
9
10

Latest News

  • L&T calls off merger talks with Future Generali Insurance
    L&T calls off merger talks with Future Generali Insurance

    Larsen & Toubro Ltd said on Monday its unit had called off talks with Future Generali Insurance, a joint venture between local retail chain operator Future Group and Italy's Generali , to merge their businesses. ... …

  • Improve Assam's power scenario: Gogoi to discom

    Guwahati, April 21 (IANS) Assam Chief Minister Tarun Gogoi Monday reviewed the power situation in the state and asked the Assam Power Distribution Company Limited (APDCL) to take immediate steps to meet the shortfall of power. Assam has not been receiving adequate power from hydro power generating stations - including Ranganadi, Kopili, Khandong, Doyang and Loktak - due to low water levels in the reservoirs caused by drought-like conditions prevailing in the northeast region for the last few …

  • Wall St opens flat as earnings deluge looms

    U.S. stocks opened flat on Monday as investors found few reasons to keep buying following a strong rally last week and ahead of a heavy week of corporate earnings. The Dow Jones industrial average rose ... …

  • Petronet seeks bids to lease storage at Kochi LNG plant

    India's biggest gas importer Petronet LNG (PLNG.NS) has invited bids to lease storage at its Kochi regassification plant in Southern India due to a lack of pipelines connecting its key demand centres, its head of finance said. Petronet is currently operating its 5 million tonnes a year Kochi plant on the east coast at a fraction of its capacity as land-related issues have delayed the two pipelines that would link the terminal with customers in Bangalore and Mangalore. "Timeline for building …

  • SC reserves order on Subrata Roy's plea against judicial custody, new  …

    New Delhi, April 21 (IANS) The Supreme Court Monday reserved its order on Sahara Group chief Subrata Roy's plea challenging its March 4 decision to send him to judicial custody for his failure to comply with its 2012 order to return investors' Rs.24,000 crore which his two companies - SIRECL and SHICL - had collected. A bench of Justice K.S.Radhakrishnan and Justice Jagdish Singh Khehar also reserved its order on Roy and two other group directors offer to pay Rs.10,000 crore as a part payment …

IN-DEPTH ANALYSIS & INTERVIEWS

  • This might well be India’s biggest Ponzi scam

    It was just too good to be true. Ashok Khital, 45, displays every symptom of a man who knows he's been conned. …

  • India's star studded football league

    High and mighty including Sachin, Salman & Sun Group buy ISL teams …

  • Leaderspeak with Rajesh Janey

    Rajesh Janey, President - India & SAARC, EMC shares many firsts in his life. …

  • Power Hungry

    Gujarat has power round-the-clock. Most other states do not. Why this will matter in the general elections. …

  • Etcetera

    The most keenly watched contest of the current general election will be the one for the Varanasi parliamentary seat, where the Bharatiya Janata Party's prime ministerial hopeful Narendra Modi squares off ... …

  • Economy vs Democracy

    As the country gets election fever, cash comes out of mattresses and turns into liquor, gifts, and food. But it is not bad for the health of the economy, reports Sarika Malhotra from the trenches. …

  • Bracing for Challenges

    Raghuram Rajan is preparing to deal with concerns that may arise when a new government takes charge. …

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    53.15+5.50+11.54%
    HCLINFO.BO
    16.17-0.35-2.12%
    UNITECH.BO
    14.26+0.90+6.74%
    SUZLON.BO
    21.20+3.05+16.80%
    HOTELEELA.BO
    201.80+9.20+4.78%
    SSLT.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    105.30+17.55+20.00%
    SHASUNPHA.BO
    79.85+13.30+19.98%
    JUBLIND.BO
    15.51+2.58+19.95%
    HIMIN.BO
    29.90+4.95+19.84%
    SOMICONV.BO
    19.80+3.25+19.64%
    ORIENTP.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    11.500.000.00%
    4THGEN.BO
    17.300.000.00%
    ALFAICA.BO
    16.150.000.00%
    CJGEL.BO
    10.460.000.00%
    COSBOARD.BO
    22.000.000.00%
    EMAINDIA.BO
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Yahoo Cricket