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Baby steps to financial freedom in 2015

Once again, I’m working with SunTrust Bank on today’s post. SunTrust’s purpose is lighting the way to financial well-being and they offer the resources, tips and tools you need to feel confident and in control of your finances.

Baby steps to financial freedom in 2015

 

We are well into the New Year! My big goal for 2015 is to be present with my husband and children. I want to slow down enough to enjoy life a bit more. Be on my phone a bit less. And there are certain things and changes that will make that possible.

Did you take time to create resolutions or goals for 2015? Did you reflect on 2014? I did and it was a great chance to take a look at our past year and really appreciate all of the blessings.

Baby steps to financial freedom in 2015

The holiday hangover is sometimes a very hard way to start a new year. If managing your money and creating better money habits is your goal for 2015, we have a fun way to get started with SunTrust’s money personality quiz.

My husband and I sit down about once a month to discuss finances, our goals, hopes, dreams and realities. Travel is big on our list. But so is just learning to have quiet nights and days at home.

Baby steps to financial freedom in 2015

We have a big dream of paying off our house (which we call our forever home) much sooner than we would if we simply paid our mortgage payment each month. Life happens and we know it won’t go exactly as planned, but I love that we have somewhat of a plan.

Take the quiz. With your quiz results you will have the opportunity to explore content that is relevant to your results that may help you begin to make changes. Use this information as inspiration and motivation as you plan your resolutions.

Want to pay off debt this year? Save more money? Eat better? Exercise more? We tend to use the end result as the resolution when really; your resolutions should be changes to behaviors that will get you there.

Here are a few examples.

Pay off debt?

Resolution – set up an auto payment from every paycheck that day you get paid. The money is taken out right away before you even have a chance to realize it’s there. By setting up smaller auto payments vs. one payment on the due date you can save on interest and actually pay off quicker.

Save more money? We get it, saving is hard. Over 70% of Americans live paycheck to paycheck.

Resolution – Find one thing to either eliminate or find savings in your budget. Can you eliminate premium channels from cable and save $30 a month? Have way more data than you need on your mobile plan? Cut that down and save $25 a month? Take whatever savings you can find, even if its $5 and set up a monthly auto transfer of that amount into your savings. TIP: Use Mobile/Online Banking? Remove your savings account from your accounts view so you are not staring at the money sitting there…tempting you. Out of sight, out of mind.

Be sure to check out my other posts with SunTrust Bank.

The story of how I started my business thanks to some “scary” financial changes

How I’m keeping my bucket list going in this season of life

Keeping on track this holiday season

Making the holiday season meaningful within your means

At SunTrust Bank their purpose is lighting the way to financial well being. They help you get organized, make a plan, and stay on track so you can get and stay in control of your finances. When you are confident about your money, you can save for your goals and splurge knowingly on what matters most to you.

What is your money personality?  Find out here

To find advice, tips, tools and motivation to start your new year click here

Photos by Melissa Oholendt Photography.

This is a sponsored conversation written by me on behalf of SunTrust. The opinions and text are all mine.