Why Improving Your Credit Should Be Your Number One New Year's Resolution - It Starts With Coffee - Blog by Neely Moldovan — Lifestyle, Beauty, Motherhood, Wellness, Travel (2024)

Happy New Year! Crazy to think we are now at the beginning of yet another year. This is such a great time to set goals and intentions and none is more important to your life than your credit. One thing you should be doing if you haven’t already is making your credit score a priority. That’s why improving your credit should be your number one New Year’s resolution, because WHY NOT!?

Why Improving Your Credit Should Be Your Number One New Year’s Resolution

• You never know what big purchases the year will bring: If you had told me in January of 2019 that by July we would be living in a new house I would have laughed. Moving was NOT on our agenda for 2019. But 6 months later we were moved. Had we not been taking care of our credit it would have been a much harder situation. Because we make monitoring our credit and staying on top of bills such an important part of our everyday life getting a home loan was super easy!
• January is a great time to set monthly/yearly habits: In 2015 there were a few things I started doing and I started them on January 1st. For some reason starting in January seems to make habits stick for me. Every year I have added things to that and I notice that starting now really helps. Plus at the end of the year, you have a bigger picture to see how far you’ve come vs starting in mid-year.
• Your credit tells any institution what they need to know about you: If you end up wanting to open a new credit card account this year, or taking out a loan, or buying a car your credit is a major player. You can have a great income but if you have lousy credit it’s going to make a big difference in what you can get approved for and what your interest rate is. You want to start your year off with a fresh clean slate and that way if you need anything during the year you already know you’re covered.
• Your credit controls most aspects of your life: As I mentioned above, your credit tells banks and other institutions where you stand. They don’t care what kind of person you are or what job you have they just look at numbers and numbers are EVERYTHING when it comes to credit.
• Without good credit you will be more stressed: I was listening to a speaker recently talk about how the most common cause of divorce and stress is money. Well, credit is a big factor with that too. The times in my life I have been the most stressed all stem from a money issue or when my credit was really bad. Improving the credit aspect takes such a burden off of you.
• Now is as good of a time as any: Today is the best day to start. Yesterday has come and gone and tomorrow is another day later. So why not start today?

What is your number one New Year’s resolution?

This post was originally written in 2020 and has been updated for 2023.