Setting yourself up for better financial health in the new year


Many people vow to improve their financial health every year and here at Consumer 10, we want to help with that goal.

Experts say one of the biggest first steps is setting a budget. To do that, start tracking your expenses.

For example, if you think you'll allow $500 for groceries every month but your expenses show you spend $800, then you know what's realistic and what's not.

Financial pros say you'll also have more success if you write down your budget. Make it easy to update and compare it to your actual expenses regularly.

Finally, if you're overwhelmed there's plenty of help and sometimes for free. Check with the National Foundation for Credit Counseling or Financial Counseling Association of America.

However, before you deal with any credit or financial company regarding your money check for any complaints with the Better Business Bureau and the state attorney general's office.

Here more on setting your budget and succeeding with it from MoneyTalksNews.