The new year is a great time for all kinds of personal improvement. As we reflect on the past year and plan for 2020, many of us will set goals to improve our health, reduce stress, travel more, or even learn a new skill. And a significant portion of Ohioans – like most Americans – have resolved to better their finances in the new year.

If you have resolved to improve your finances this year, just know that a little saving or planning can go a long way if you are consistent with these changes throughout 2020. There are numerous financial management tools and resources available to consumers throughout the year to help make the goal of improving finances an achievable undertaking, whether viewed as a New Year’s resolution or a consistent, long-term objective.

If you’ve resolved to improve your finances in 2020, consider these money management and resolution tips from U.S. News & World Report.

Identify your financial goals

Whether you’re planning to buy a home, contribute more to your retirement savings or start an emergency fund, take the time to document your specific financial goals for the year and attach a timeline to each so you can feel accomplished with each milestone.

Track your budget

Routinely track your monthly spending so you can see where your money is going and identify areas where you can cut frivolities and reallocate those funds to meet your goals.

Check your credit report

Request a free credit report on to understand  your credit standing and ensure accuracy.

Commit to no-spend days

Designate one “no-spend weekend” or “no-spend day” per month.

Boost retirement contributions

Commit to boosting your 401(k) contributions. At the least, contribute enough to your workplace plan to secure your employer’s match.

Fast-track debt payoff goals

This could mean contributing an extra $50 per month to your debt bill or deploying the avalanche payoff strategy, which focuses on putting any extra payments toward the highest rate loan first.

Automate good habits

Whether you want to save more for retirement or repay debt, automate those monthly debits with your payroll office or your credit union.

Rebalance your investment portfolio

Market volatility, new money goals, financial hurdles and other unanticipated changes can impact how you should balance your investment portfolios.

Call your credit card company

If your credit card account is in good standing, take this time to negotiate a credit limit increase with your card issuer so you can improve your credit score, or make the case for a lower annual percentage rate (APR).

Fund your health savings account

Savers in eligible high-deductible insurance plans should consider contributing to their Health Savings Account (HSA) as a tax-savvy way to save for future medical expenses.

Day Air Credit Union exists to improve their members’ lives and can be a great partner to help you reach your financial goals.