Have a healthy financial plan for 2012

 1.  Ignore that raise or year end bonus.

    We've talked about this before. Pretend you never got a pay increase and save it instead. Never seeing a decrease in take home pay makes this one of the easiest ways to add to savings over time.

2. Consider automatic transfers to a savings account.

    By never having the money in our hands we are never tempted to spend the money. I've done this for my Roth IRA with only $50 a month, and I don't even notice it's gone. Over a year or ten years it still adds up.

3. Review our current budget with an eye on expenses. 

     The beginning of the year is a good time to refresh our family budget or plan a new one. Keep an eye on where we spend the most. Finding ways to cut expenses is going to be the fastest way to wealth creation. Have a great year, Finwiz.