This week, the theme is financial resolutions for 2020. Can you believe it’s already the dawn of a new decade?! Heck, I’m still waiting for the fallout from Y2K...and that was 20 years ago!!

Each day this week, I’m giving you ideas on how you can adopt a financial resolution for 2020. 

Today, is one of the most important and impactful financial resolutions you can adopt for 2020 - A resolution to save more. 

Most Americans aren’t saving enough for emergencies or for retirement, and as a result, about 40% of us couldn’t cover a $400 emergency without putting it on to a credit card. 

So if you’re like most people, you could benefit from a saving more. The key with saving more is to boil the frog slowly by starting where you are. Here are a few ideas for some saving financial resolutions for 2020: 

• Save 1% more in your 401k in 2019
• If you have no idea how much of your income you’re saving right now, start tracking that. That could be a resolution...just start tracking. 
• Save an extra $100 each month that’s earmarked for emergencies
• Target a savings goal as a % of your income. For example, if you’re saving 3% of your income right now, your resolution could be to bump that up to 4 or 5% of your income in 2020. 
• Start a mad money account. Go to the bank and open an account that’s just for fun spending and start putting money into it each month. That way when you want a new pair of shoes or impulsively decide to head to the beach for the weekend, you can just tap into your mad money account, guilt free. 

That’s it for today. Before you go, though, if you haven’t already left a review in Amazon or iTunes for the One Minute Retirement Tip, can I ask a favor of you to go do that right now? It just takes a minute and it helps to spread the word, and helps other people find this podcast.

Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip. 

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