New Year’s Resolutions, Latino-Style

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Make debt-reduction a goal, not a resolution

"Most people's resolutions are dreams instead of goals; goals come with a plan," says financial expert Andrés Gutiérrez, who defines goals as "dreams dressed in work clothes". So, what does a well-devised financial goal look like? Gutiérrez suggests following some basic measurable guidelines: time-limited, specific, written and measurable goals. Just saying "I'm going to get out of... more 

Photo by: iStockphoto

Make debt-reduction a goal, not a resolution

"Most people's resolutions are dreams instead of goals; goals come with a plan," says financial expert Andrés Gutiérrez, who defines goals as "dreams dressed in work clothes". So, what does a well-devised financial goal look like? Gutiérrez suggests following some basic measurable guidelines: time-limited, specific, written and measurable goals. Just saying "I'm going to get out of debt", and leaving it at that does not translate into a successful plan. See the rest of the story here for a detailed look at how to get out of debt in 2013. less