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In fact, many people make New Years resolutions specifically geared toward improving theirpersonal finances.
This is mainly because of post-holiday debt and high heating bills.
Here are six common money mistakes in January and how to avoid them.
Prioritize paying off your debt and consider consolidating it into a lower-interest loan, Harrington said.
Always make your minimum payment at the very least to protect your credit score.
But this is not the time to ignore it.
Instead, put a high priority on tracking your spending and seeing where all the money goes.
Take a look at your budget and expenses to see where you might make adjustments and save more money.
But you should resist the urge to overspend on these deals and pile up more credit card debt.
Instead, stick to a budget and only purchase what you genuinely need.
Resist this urge unless its already planned for in your budget.
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