5 Money Tasks That Will Brighten Your Financial Picture in 2015

Pare Down Debt. Make your most expensive debt the priority. If it’s a credit card, stop using it, ask for a rate reduction and make more than the minimum payment. Then, move to the next item on the list. (You’ll likely save more paying off high-interest debt than investing.)

Save for Retirement. Some of the best retirement savings are your 401(k) contributions at work; you get immediate tax breaks on what you put in, and there’s often an employer match. Outside of work, IRAs also have nice benefits. Work to save 10 to 15 percent of your income (20 percent if you’re 40 or older).

Start an Emergency Fund. Six months of savings can help you through a job loss or another unexpected event. Set up a direct deposit to siphon a bit of each paycheck into savings. Then look for ways to uncover extra cash: Turn down thermostats, ask colleagues to carpool and make your own morning cup of Joe.

Save for College. First come kids, then come fears about college costs. Your best bet to start saving is a 529 plan; your investment grows tax-deferred, and withdrawals also escape taxes if the funds are used for tuition and related expenses. The best part: Grandma or Grandpa can even chip in.

Review Insurance. Ask your agent to identify gaps in your health, car and home or renters policies, and about ways to trim costs (discounts, premium reductions or savings for keeping more than one policy with the same company). Other insurance to consider: Long-term care (for nursing home and at-home care) and life insurance (to prevent hardships on loved ones).

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About thenoelteam

As a Broker with RE/MAX Alliance, I work energetically for my clients whether they are a buyer or seller. I help you achieve your goal of owning a home or getting the best price for your home in the shortest time possible. After graduating from UCLA with a degree in communications and finance, I was licensed in 1977 and since then I have sold over 3600 properties amounting to over $1 billion in sales. I currently rank in the top 10 in home sales for Colorado. I offer the same quality of service and superior communication to all clients, ranging from starter homes to multi-million dollar estates, commercial and income properties, relocations and foreclosures My goal is to provide you with the best representation possible whether you are buying or selling. Over the years, one of the things that I've discovered is that there is a difference in the way individual Realtors do business. For me, I have always felt that honesty and personal integrity are the foundations upon which a successful business and career are built and sustained. I have an extensive background and knowledge base in real estate, including financing, which has enabled me to provide outstanding, quality advice and service not found with many agents today. My commitment to communication creates a positive relationship between my client and myself that results in a successful property sale or purchase. My passion for real estate, commitment to my clients and personal integrity has helped me to achieve success placing me in the top 1% of all brokers in nationwide. In my career, I have earned a number of awards and received considerable recognition for my success but the most significant recognition comes from the fact that over 75% of my business comes from past clients. My success is a true measure of my client satisfaction.
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