A new year brings new resolutions for many. Some are personal, some are physical and some could be financial.

Americans are $17 trillion in debt, with the average American caring over $100,000 themselves, according to Business Insider. That extra baggage can derail even the most ardent financial resolutions.

Dr. Jeff Jones, head of the finance, economics and risk management department at Missouri State University, says getting your financial house in order for the new year may not be easy, but it will be worth it 10 times over in the end. Jones offers some practical pointers to get that budget under control.

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