WILMINGTON, NC (WWAY) — A popular New Year’s resolution is to improve finances. Certified financial planner Ross Marino says the key to success is saving.
In an interview for Good Morning Carolina, he said, “First, I would either begin or increase retirement savings, or, for that matter, any type of savings. Few people make a decision to save every month. Most decide to save or invest money, and then automate the process.”
Marino explained, “Perhaps they contribute to a 401(k) that is automatically deducted from their paychecks. Or they set up a draft to have money moved from their checking accounts to a savings account. Either way, the decision was made to start saving, and automation took over from there.”
He says paying down debt is a smart choice too. To learn how to decide if you can afford to increase car payments, mortgages or other payments, watch his full interview. You’ll also find more money-saving tips.