Often times New Year's resolutions are so focused on losing weight or quitting a bad habit, that people forget it's also a great time to reassess their finances. This year, make it a resolution to create a plan to tackle household debt. Here are four simple steps to get you started:
1. Cut down mortgage costs.
By making your mortgage payments more frequently, you'll save a substantial amount of money in the long run. Instead of making a payment each month, change to a weekly pay mortgage, or even opt for the accelerated-weekly payment.
2. Pay your bills on time
Out of sight, out of mind is not the way to go. It's important not to let your bills pile up, even though they can seem daunting. Instead of having your bills delivered by mail, set up a