BBB Offers Tips on Financial New Year’s Resolutions

MYRTLE BEACH, S.C. (January 2, 2024) – Holiday expenses may be looming on the credit card bill, or perhaps the bank balance is a little lighter from the extra gifts exchanged with family and friends.

If this is the year to reduce debt and bump up the savings account, Better Business Bureau serving Eastern Carolinas (BBB) wants to help you stick to your New Year’s resolutions with helpful tips to save money and spend smarter.

When thinking about current finances and sticking to a New Year’s resolution, consider these tips from BBB:

  • Inventory your credit cards. Credit cards have high-interest rates, which can waste a lot of money over time. Reach out to the credit card company to see if a balance transfer offer can be used to switch to a card with a lower rate or ask if the interest rate can be lowered. Research the financial institution where the credit card is held on first. Read the terms and contract carefully – there may be big penalties if a payment is missed. If you have multiple cards, decide which debt-paying strategy is best for you. Some experts recommend paying off cards with the highest interest rates first. Others recommend paying off cards with the smallest balances first. Additionally, try sending in payments throughout the month. Put the $5 that would have been spent on a morning coffee towards debt instead.
  • Avoid wasting money on unethical businesses or scams. When making a purchase or choosing a business, check with BBB. Making careful decisions now can save time, money, and headaches later. Research all companies at, and check BBB Scam Tracker regularly to see what scams are happening in your area.
  • Take advantage of free tools. Many online tools can help manage and reduce debt. 
  • Start budgeting. Creating a written budget and tracking spending is one of the best ways to save money and stop spending more than what is earned. First, figure out how much debt you have; you need an accurate picture before figuring out your budget. Note the difference between fixed expenses, needs, and wants. If you have debt, include repayment goals in your budget. If possible, factor in retirement and emergency savings. Save money by giving up morning coffee – and cooking at home instead of getting takeout. Factor in any alternate income, like selling unused items or part-time work in the gig economy.

When possible, shop and use BBB Accredited Businesses that follow BBB’s Standards for Trust.

For more information

See BBB’s New Year’s guide.

Visit BBB’s Money HQ 

Learn more about holiday returns and exchanges.

For more information about BBB, visit 

About BBB of Eastern Carolinas

Better Business Bureau serving Eastern Carolinas is a 501(c)(6) not-for-profit corporation serving 48 counties in North and South Carolina. The organization is funded primarily by BBB Accredited Business fees from over 5,200 local businesses and professional firms. BBB promotes integrity, consumer confidence and business ethics through business self-regulation in the local marketplace. Services provided by BBB include reports on companies and charitable organizations, general monitoring of advertising in the marketplace, consumer/business education programs and dispute resolution services. All services are provided at no cost to the public, with the occasional exception of mediation and arbitration. Visit