Tips To Help You Achieve Financial New Year's Resolutions

The video discusses New Year resolutions focused on financial management, including saving more money, setting up automatic transfers to build an emergency fund, cutting unnecessary expenses like unused subscriptions, managing debt through balance transfer cards, and considering side hustles for additional income. These strategies aim to improve financial stability and achieve personal financial goals.

What is one of the recommended methods to build an emergency fund?

• Invest in stocks

• Use a credit card

• Set up automatic transfers

• Wait for a tax refund

What is a suggested way to reduce unnecessary expenses?

• Buy more groceries

• Upgrade your internet plan

• Cancel unused TV streaming services

• Increase your monthly subscriptions

How can a 0% balance transfer card help manage debt?

• By offering cashback rewards

• By providing a temporary break from high interest charges

• By reducing your monthly payments

• By increasing your credit limit

Which of the following is NOT a recommended 0% balance transfer card?

• American Express Gold

• Wells Fargo Reflect

• City Simplicity Card

• BankAmericard

What is a potential benefit of taking on a side hustle?

• It reduces your working hours

• It provides extra money to achieve financial goals

• It allows you to spend more on luxury items

• It guarantees a promotion at your current job