It’s resolution time: Financial tips for the new year

A new year is just around the corner. As you set resolutions and goals for 2017, make sure that a financial plan is on your list. Here are some tips to help you get started.

Take control of your finances

Making financial decisions today can have a positive impact on your life years down the road. Unfortunately, waiting to make these decisions can have the opposite effect.

Stay on the path to a brighter financial future by reviewing these 10 financial choices you’ll regret in 10 years. Then, put together a financial "not-to-do" list to help keep you on track.

And remember, a retirement strategy can be a key part of financial planning. These four quick steps can help you get your retirement savings in order and begin building the future you want.  

Set goals—and a budget

Working with a financial advisor can be a big help in this area. If you don’t have an advisor, ask friends and family for recommendations. You can also explore resources online, or contact an advisor from your employer's retirement plan, if you have one. Then, set up a meeting to discuss your financial needs and goals.

If you’d prefer to create—or reevaluate—your budget on your own, apps like Mint give you a complete, real-time look at your money. By syncing all of your accounts, the app automatically tracks and categorizes your spending for you. Plus, you can set a budget limit and receive notifications if you reach your limit.

Save more money—and still have fun

Spending less gives you the opportunity to pay down your debt, build your savings, and improve your overall financial outlook. These 100 money-saving tips can help you start your personal debt-relief program. 

But saving more doesn’t mean you have to miss out on life. Here are 22 ways you can reduce your spending and have fun along the way. 

You can even find ways to save on splurges (like vacations), too. Check out these hidden vacation locations that offer the same great experience at a lower cost.

Use these tips to help you take on the new year with financial confidence—so you can live the life you want. 

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Insurance products from the Principal Financial Group® are issued by Principal National Life Insurance Company (except in New York), Principal Life Insurance Company. Securities offered through Principal Securities, Inc., 800-247-1737, Member SIPC. Principal National, Principal Life, and Principal Securities are members of the Principal Financial Group®, Des Moines, IA 50392.