Financial Resolutions for the New Year (and a Chance to Win!)

Here it is February, and I'm just now taking a serious look at a few things related to my finances.  For one, I'm attempting to do my taxes.  As a small business owner, it's a little more complicated than it has been in the past.  I've had to issue 1099s to my virtual freelancers, for example, and I have discovered that I have a long ways to go to being organized.  This is what led me to my own, revised, resolutions for the new year.

1.  Commit to Doing Away with Paper.  I purchased a scanner last year to help tame the "paper tiger" that has been ruling my home office.  I started with good intentions, however, it didn't formally develop a process for scanning everything in an orderly fashion.  I am determined to make this year the year I get this perfected.

2.  Save for Retirement.  Both my husband and I will likely never have an employer-based retirement package.  As self-employed's, we must seriously sit down and figure out a way to sock away for our old age.  I'm looking at Roth IRAs this weekend, and I'm hoping to put a plan in place by the end of February.  I have also considered using NestWise to get more information on best retirement options for my stage in life; they offer an online concierge team to help with financial planning questions anytime I have them.

3.  Update my Will.  I am proud to say that I have both an advanced medical directive and a last will.  It is not, however, been updated to reflect the births of my last two children. Oops!

4.  Combine Business Expenses onto one Card.  I travel quite a bit for business, and that means that I have hundreds of deductions each year for parking, checked baggage, meals, and fees.  Unfortunately, I tend to pay with whatever card I have at the front of my wallet.  This means, that come tax time, I have a nightmare trying to sort everything out.  This year, I'm committing to using just one card for business expenditures.  I can then use the convenient annual statement to help me do my taxes more efficiently.

Wanna Win?  NestWise is offering you a chance to jumpstart your financial resolutions with a very useful prize of 6 months of FREE Financial Advice (which includes):
  • Financial Plan developed just for you
  • Detailed Action Plan including specific investment recommendations for your 401(k)
  • Six months of personal Financial Advice from a NestWise Financial Advisor
This prize is valued at $490. Enter at their Facebook page until February 05, 2013 @ 12:00 am (PST)

*This is a sponsored post from Splash Creative Media on behalf of NestWise. All opinions are my own.