<b>By Fred Gaskin</b>

Everyday life can often be overwhelming, but budgeting, borrowing, saving, and investing don’t have to be. With a handful of resolutions and straightforward rules, and a little bit of time, you can begin planning for 2020.

Here are three resolutions that can help increase your financial fitness today and in the New Year.

<b>Resolution 1: Create a budget for life</b>

Like our local tides, when it comes to finances, life can be viewed as cash flowing in — and out. Saving and investing during your working years and spending and investing intelligently in your retirement years can potentially enable you to achieve many of your most important goals.

<b>Resolution 2: Manage your debt</b>

Debt is neither inherently good nor bad — it’s simply a tool, if used smartly. For most people, some level of debt is a practical necessity, especially to purchase an expensive long-term asset, such as a home. However, problems arise when debt becomes the master, not the other way around.

<b>Resolution 3: Optimize your portfolio</b>

We all share the goal of getting better investment results. So create a plan that will help you stay disciplined in all kinds of markets. Follow your plan and adjust it as needed.

Following simple and straightforward rules around budgeting, debt management, saving and investing can make an incredible difference in someone’s life. The New Year provides a great opportunity to set new goals, adopt new ideas, and get on the right track to financial health and balance.

<i>Fred Gaskin is an Independent Branch Leader for Charles Schwab with over 30 years of experience helping clients achieve their financial goals. Some content provided here has been compiled from previously published articles authored by various parties at Schwab.</i>

<i>Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner or investment manager. Schwab does not provide legal or tax advice. Charles Schwab &amp; Co., Inc. (Member SIPC) (1219-9G33</i><i>)</i>