NDSU Extension Service - Ramsey County


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New Ways to Think About Money for 2017

New Ways to Think About Money for 2017


People make New Year’s resolution on a wide range of topics with money being one of the more frequent in the “I will do better next year” category.  If your goals for 2017 include better money management, try some of the following tips for better control of your dollars.


  • Create a Financial Calendar – Reminders of important money to-do tasks will help you avoid late payment penalties and aid in planning for the needed dollars to be on hand.
  • Check Your Interest Rates – Interest rates are currently at an all-time low.  What rates are you paying on current loans and credit cards?  Can you negotiate for a lower rate or change credit card companies?
  • Track Your Net Worth - Your net worth—the difference between your assets and debt—is the big-picture number that can tell you where you stand financially. Keep an eye on it, and it can help keep you apprised of the progress you’re making toward your financial goals—or warn you if you’re backsliding.
  • Consider an All-Cash Life- If you’re consistently overspending, this will you break the habit. Often smaller, every day or every month purchases are the dollars that break the budget and we may not even be aware of what their grand total is.
  • Set Specific Financial Goals -Use numbers and dates, not just words, to describe what you want to accomplish with your money. How much debt do you want to pay off—and when? How much do you want saved, and by what date?  In addition to focusing on big goals (say, buying a home), also set smaller, short-term goals along the way that will reap quicker results.
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