How to save more money in 2013

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While your New Year's resolutions are still fresh, now might be a good time to get your finances in order.

Here are five tips to help you manage your money and get out of debt.

Number five, get your financial house in order.  "It's looking at two things one is cash flow what do you have coming in and what do you have going out, but also what assets you have and what liabilities you have and what are you worth today," said financial advisor, Nicole Middendorf

Number four, if your not doing so already, max out your retirement or 401K accounts, especially if there's a company match.  "It's free money, you want to take advantage of it. It's hard to think about retirement sometimes depending upon your age but the earlier start the easier it is,"  said Middendorf.

Tip number three is to run your credit report and if there is any sort of debt, make a plan to get rid of it.

Number two, if you are getting a tax refund each year, while it may seem like a good thing, it is not because it is money that you could have received throughout the year.  "If you're living beyond your means and you have credit card debt, you're paying interest to a credit card company, but you're giving your money to Uncle Sam on the other hand and not getting any interest for it and so getting a refund is a negative thing, you want to make sure you're giving that money to yourself," said Middendorf.

Number one, it's the last thing we tend to think of, but it makes financial sense to think about and figure out what will happen to your estate when you're no longer around.  "At a bare minimum, you want a healthcare directive and a durable power of attorney -- those two documents and really it's stating where do you want your money to go and if something were to happen to you who is going to receive those funds and how do you want them to receive them. You've worked really hard for the money that you have and you want to make sure it goes where it should go," said Middendorf.

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