New Year's is a great time to think about making positive changes for your financial life in 2014 and beyond. But too often, New Year's resolutions don't work. That's why it's important to pick simple money moves to make that are easy to follow but will have a big impact on your finances.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, looks at three things to do to get your financial life in better shape. Dan first looks at debt, suggesting that those with high-interest credit card balances look at using 0% offers from Bank of America , Citigroup , American Express , and other card issuers to help you cut your interest payments and get your debt paid off faster. Dan then addresses those with savings but no investments, suggesting that higher-return potential comes from taking risk with your assets. Finally, Dan suggests retirement savings through Roth IRAs, which for many people is the best way to combine tax benefits and flexibility to take withdrawals if absolutely necessary for emergency situations.

Get your money in gear
Of these three tips, getting started with investing is the most important. Why? Because millions of Americans have waited on the sidelines since the market meltdown in 2008 and 2009, too scared to invest and missing out on huge gains. In our brand-new special report, "Your Essential Guide to Start Investing Today," The Motley Fool's personal finance experts show you why investing is so important and what you need to do to get started. Click here to get your copy today -- it's absolutely free.


The article 2014 New Year's Resolutions: 3 Money Moves to Make Now originally appeared on Fool.com.

Fool contributor Dan Caplinger has no position in any stocks mentioned. The Motley Fool recommends American Express and Bank of America and owns shares of Bank of America and Citigroup. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


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