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5 Financial Resolutions to Make in 2021

Did you do damage to your finances in 2020? You aren’t alone. With rampant unemployment and many businesses losing revenue due to consequences of the pandemic, many Americans have had to put more expenses on credit, deplete savings or take out loans. Fortunately, there are many things you can do to turn your finances around in 2021 and hit financial goals. Here are just a few resolutions you can make to get back on track next year.

1. Tackle credit card debt.

Having high-interest debt is a financial no-no. It’s hard to pay off and can lead to a cycle of debt and bankruptcy. While credit cards can be a useful financial tool, they only work for you if you are able to pay off your balance each month.

If you are finding it impossible to pay down your high-interest debt, a personal loan could help. You can request a personal loan using Brighter Pays and consolidate your other debt. You can borrow up to $10,000.

2. Fix your credit score.

If your finances suffered this year, you should check your credit score. There are plenty of free ways to do so online. If your credit score has decreased, you can review your credit report to determine why. One reason credit scores drop is due to credit utilization. By making payments and reducing your debt, you can improve your credit score.

3. Decrease your bills.

One way to pad your budget is to decrease your bills. Take an inventory of what you pay each month and look for ways to cut costs. One way to cut costs is to get new car insurance. Compare quotes and you might be able to score a better rate. If your car lease is up, look for a cheaper vehicle with a lower monthly payment. If you drive less, consider a lease with lower miles to decrease the cost.

4. Create a line item for savings.

Saving money isn’t as fun as spending it, but it can pay off in so many ways. Create a line item in your budget for saving and make it a priority. Some employers allow you to divide where your paycheck is deposited. You can deposit spending money in one account and the rest into a savings account, so you never see the money you can’t spend.

5. Get health insurance.

The cost of medical care without health insurance is astronomical. While paying for healthcare upfront can be challenging when you are living paycheck to paycheck, it’s a lot better than owing tens of thousands of dollars in medical bills.


Next year can be a better year for you financially if you make smart money moves. Start saving more and spending less. Decrease your bills where possible to put even more money away for a rainy day. Get insured to protect yourself and your finances, and shop around for the best rates.

If you need a personal loan to consolidate your high-interest debt and pay it off faster, can help. Request a personal loan up to $10,000 today.

This post is not intended to be a solicitation for a loan. Brighter Pays provides these blogs for entertainment and informational purposes only. Remember to consider all your financial options before making any decisions related to credit.