2018 Financial Resolutions for Nevada Consumers

As we enter a new year, Nevada consumers should spend some time focusing on their finances and credit. Here are 3 helpful tips to get you on your way to financial success in 2018:

1. Set a Weekly Budget

 Experts recommend a 50-30-20 rule as a guideline for monthly expenses. This means, as a general rule, you should allocate 50 % of your income to living expenses, 30 % towards wants and lifestyle choices, and 20% of your income towards debt payments and savings.
 
      2.   Focus on Savings 
Automating savings each month using online tools from your bank will help keep you on track. As stated, a good rule of thumb for savings is 20% of your income.
 
      3.   Check your credit profiles regularly 
It is imperative to check your credit reports regularly to make sure you are not a victim of identity theft and to ensure your accounts are reporting accurately. You may obtain free yearly reports from www.annualcreditreport.com and may also check your credit profiles using monitoring sites such as Credit Karma.