Did you know 80% of people don’t keep their New Year’s resolutions? This year, be in the 20%! We’ve got you covered. Here are some easy resolution ideas that will leave you feeling empowered and ready to take on the world.
Make a Schedule
When we don’t create schedules, time tends to slip by and we’re less productive. So to prevent that, opt for a more productive routine by managing your time more efficiently using a planner or calendar. Such an easy resolution to check off and stick with!
By planning out a weekly schedule, you’ll be able to gauge where your time is going. You’ll soon realize how much time you actually have in a day!
Almost like when creating a budget, when you’re creating a schedule, you’ll need to allocate your time toward work, family, friends, school, and even fun. Also, you may not like to hear this, but you must prioritize sleep and taking care of yourself!
Tip: Add appointments and due dates to your schedule the minute they’re given to you. It’s easy to immediately add commitments to your phone’s calendar. If you use a traditional planner, take it with you everywhere.
Having goals helps guide your near-term and long-term decisions and actions. Plus it’s fun to think about what you want! Knowing what you’re aiming for helps you decide how to spend. For example, it can help you decide whether to hit the town or stay in keep saving for the girls trip you really want to go on next year.
It’s important that you self-reflect as you decide what your goals are for the new year. When you have a goal in mind, write it down, plan how you will achieve it, and remember that goals are never achieved overnight. Patience is a virtue!
Save Money on Autopilot
The easiest way to help grow your money is by setting up automatic investments to automate your savings. Great news! MoneyLion will begin offering Auto Invest in January 2020 (stay tuned!) with our fully managed, diversified investment account, which by the way has no minimums or management fees.
With Auto Invest, you’ll be able to set recurring investment deposits of say $10 a week or $50 a month, or any amount and schedule you choose! Once you start auto investing, then you don’t have to remember to set aside money or muster up the discipline to save every week or month. Your money will grow without your even having to think about it.
We’ll just automatically transfer the amount you’ve chosen from your selected bank account into your diversified MoneyLion investment portfolio and help it grow on your behalf. You can change the amount that you’re auto investing or stop the transfer any time. But we think you’ll love how easy it is to set your savings resolution on autopilot.
Improve Your Credit Score
Your credit score can make a difference in your choices, so it’s important that you do what you can to improve or develop it. When you have a great credit score, you’re able to do so much more as far as taking out loans, or buying a car or house, and it’s simply empowering knowing that you are financially healthy.
One of the best ways to build up credit is by using a Credit Builder Loan. These loans are small and come with low interest rate. And like the name implies, they’re literally intended to help you build credit because the lender reports your payments to one or more of the credit bureaus to help you build credit history.
MoneyLion offers a credit builder loan at a low APR. With a MoneyLion loan, you can schedule automatic payments to pay back your loan. And since payment history makes up 35% of your FICO credit score, this is an easy way to help improve your credit! Plus, MoneyLion reports your payments to all three credit bureaus!
Earn More Money
A great resolution for the new year is putting more money into your bank account. You can accomplish this a number of ways. Ask your boss for a raise, pick up a side hustle, get crafty and sell your creations or even have a garage sale. With the extra money, you can choose to make a big purchase or funnel into an investment account so you can grow it for future endeavors.
Resolve to Roar in 2020
Sticking to resolutions is possible in 2020 with these ideas simple enough to embed into your everyday life. With a little help from MoneyLion, you’ll be one of the 20% of people who achieve all of their resolutions in no time.
Current Credit Builder Plus membership required for Credit Builder Plus loan eligibility; the $19.99 monthly fee will be withdrawn from your linked bank account. All Credit Builder Plus loan are made by either exempt or state-licensed subsidiaries of MoneyLion Inc. The Credit Builder Plus loan may, at lender’s discretion, require a portion of the loan proceeds to be deposited into a reserve account managed by ML Wealth, LLC and held by Drivewealth LLC, member SIPC and FINRA. The funds in this account will be placed into a money market cash management or FDIC bank sweep vehicle, and may generate interest at prevailing market rates. You will not be able to access the portion of your loan proceeds held in the credit reserve account until you have paid off your loan, and so long as your Credit Builder Plus membership payments are current. If you default on your loan, your credit reserve account may be liquidated by the lender to partially or fully satisfy your outstanding indebtedness. May not be available in all states.
Credit Reserve Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclaimers relating to the MoneyLion Credit Reserve Account, see Investment Account FAQs and FORM ADV.
Investment advisory services provided by ML Wealth, LLC. Investment Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclaimers relating to the MoneyLion Investment Account, see Investment Account FAQs and FORM ADV. Broker-Dealer may charge a $0.25 withdrawal fee, among other fees. Funded accounts are subject to administrative fee of $1 per quarter.