My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

4 Things to Know

Wednesday Wisdom: 4 Financial Resolutions Every Entrepreneur Needs to Make Today For a Burden-free 2019

Stay tuned to get every day updates in 60 seconds
Feature Writer
2 min read
Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Here are 4 financial resolutions every entrepreneur needs to take today for a burden-free 2019

1.    Budget Well
Are you often broke at end of the month? It’s time to re-work your spending habits. Follow the 50/20/30 budgetary guide to categorize your expenses well.
50% - Essential (rent, transportation, utilities) 
20% - Personal finances (saving or paying off debt) 
30% - Flexible (eating out, groceries, shopping, hobbies, entertainment or gas)

2.    Emergency Fund
Boosting your cash reserves should take priority over all other financial goals in 2019. Make sure to set aside funds needed in the event of a personal financial dilemma like job loss, debilitating illness or major expense.

3.    Eliminate Debt
Credit card payments don’t sound so fancy when the debt interest accumulates, is it? If getting out of debt was not in your priority list, add it as it is not only affecting your credit score but also damaging your financial independence.

4.    Retirement Savings
For millennials, saving for retirement might sound absurd but is essential. Start small but start to ensure a comfortable and successful retirement.

Here's the "news that entrepreneurs can use". Know what's trending in the Indian business world in 60 seconds.

More from Entrepreneur

New York Times bestselling author Nicole Lapin can help you pitch your brand to press and strengthen your media training.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur