This is the time of year when we start gathering with family to celebrate the holidays, eat lots of food and exchange presents. It’s also the time of year when we start thinking about resolutions for the new year. These may be things you’d like to start doing, or stop doing, or maybe it’s just a good time to reset your “clock” and start fresh again.

I thought I would come up with some financial resolutions for 2008, and see how well I can stick to them. Seeing as how I enjoyed my “$5000 Debt Payoff” contest, I think a few more resolutions are in order. Without futher ado, here you are:

1. Pay off LOC #1 and close the account. This one may be a little difficult as I’ve got to dip into it in order to help out with the first/last months payments I’ll need for the new apartment, but on the good side of this, I’ll only need to dip in for one of the payments. So it shouldn’t prolong things for too long.
2. Move all of my debt to LOC #2. The interest rate on this account isn’t as good as some of the balance transfer rates I can get on credit cards, but since I want to slim down my financial profile (that is, only carry the credit vehicles I need. One LOC for emergencies, one credit card with a low limit for bills, and one for regular shopping.) this is a good option. Making life easier for me by decreasing the number of places I need to send my money for debt repayment is a good thing.
3. Pay off $10,000 of my debt. This is a more than half of my current debt-load, however I’d like to be ambitious about it this year. With the new apartment saving me some cashola each month, I figure that will let me pay off more of the debt in the long run.
4. Write more on this blog. Okay, this one’s not a financial goal, but it’s a goal on my financial blog, so I figure it can go on the list.

There, my four financial resolutions for 2008. What are yours? Do you do make resolutions? Do you keep the ones you make? Let’s hear from you!

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