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Top New Year's Resolutions and How To Keep Them: Budgeting Your Money

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Business Insider said Americans waste trillions of dollars every year.

A Gallup study said we spend nearly $49 million alone on credit card debt.

Some people said New Year's resolutions are about improving on the good habits you've already established.

"There's a lot of little things that you can do to make a big difference throughout the course of a year," said Vincent Cava, Cava & Banko, PLLC. "I recommend that you start with a plan, get the buy-in from your family and the people that have an interest and then start with small steps that are painless."

Many people resolve to develop a budget for their personal or household expenses.

"Most people have a budget that says this much for groceries, this much for gas," said Charli Utt, Budgeter. "We actually put it in cash in envelopes. When you're out of the envelope money, you're out of the cash. You're a lot more careful where you spend your money when you know the cash is gone at the end of the month."

Professionals said people should keep tabs on every penny they spend.

Keeping a record of your spending will help you pinpoint your impulse purchases.

"Set a budget for those items," Cava said. "What are the things that I have to do in order to keep my household going and what are the things I would like to do that maybe aren't a necessity?"

Professionals said it's not hard to save and budget your money. It all begins with the right mindset.

Utt said not using credit cards has helped her save a lot of money in the long run.

"When you go into a store with cash in your pocket and you know this is all I'm spending today,that's all your spending today," she said.

Some people think credit cards are now the way of the world.

"A lot of people use their credit card for every day expenses," Cava said. "Not necessarily keeping the check register or balancing your checkbook."

One thing professionals keep reinforcing is to not get discouraged.

"Getting advice from an advisor you trust, getting the buy in from your family, and taking those first steps," Cava said. "I think that's the most important thing."

Professionals recommend you visit your local bank or a local PLC firm for more advice on budgeting.

If you would like to see how the Utt family saves money, you can visit Charli's Blog: WV Urban Hippies.