Being a Smart Saver in 2016:

Tips for Accumulating

Wealth

There are plenty of simple strategies for starting a sensible savings plan in 2016. One need not be wealthy to build wealth, according to Jameson Van Houten, CEO of Stonegate Capital Advisors in Scottsdale, Arizona. 

Personal health Long-term health is a smart place to begin a savings plan.

Consider getting a medical checkup early in the year to find

out if there are any serious issues that need attention. In addition, it is wise to do an insurance checkup as well,

making certain that policies are paid up and are able to cover any serious health issues that

might arise.

Keep an eye on food prices

One place where everyone can usually do a bit of budget-tightening is at the

grocery store. Are there items that could be cut? Can some non-nutritious

items be replaced by healthier choices? What non-essential foods and

drinks can be removed without any difficulty? An emphasis on healthier food choices and changing prices of

various food categories can go a long way toward trimming the food budget

significantly.

Credit card debt For consumers who have any card debt, 2016 is a good time to consider getting rid of it. There is no reason to carry a balance if it is not necessary

to do so. Card rates, even for “reasonable” credit cards, are among the first things that smart consumers

should cut out of their budgets. Consider paying off the smaller

balance cards first and then tackle the larger ones, making a priority of the cards with the highest interest

rates.