You most likely made a New Year’s Resolution to eat healthier or get more exercise. Or perhaps you want to organize all of your closets or take up a new hobby. But did you make any financial resolutions for the coming year? Managing your personal finances, credit report and credit cards are essential for prosperity in 2014. However, many people forget to address their finances and credit cards when they write up their list of New Year’s resolutions.

Here are five resolutions you should have on your list for 2014:

Verify your credit report is correct

According to the Federal Trade Commission, one in five credit reports contain an error. You should review your credit report each year by requesting a free copy from www.annualcreditreport.com. If you find errors, contact the merchant first to resolve the issue and then work with the credit bureaus to have it removed. While you’re at it, don’t forget to check your free credit score.

Limit applications for store credit cards

Instead of adding another card to wallet just to get the extra discount at the register, think carefully before applying for a store credit card. Most cards have exceptionally high interest rates along with annual fees. Additionally, the low credit limits can cause your credit utilization percentage to be high, which can lower your credit score.

Pay your credit card balance off each month

Credit cards offer many benefits, including protection for purchases and fraud along with the ability to earn rewards and perks. However, if you carry a balance then you will pay considerable amounts of interest each month, which negates the benefits of the card.

Make all credit card payments on time

It’s easy to be a few days late on your payment. But being late even one time can decrease your credit score and make it harder to obtain premium interest rates in the future. According to MyFICO.com, you payment history accounts for 35 percent of your credit score. “Late payments will lower your FICO score, but establishing or re-establishing a good track record of making payments on time will raise your score,” says the website.

Evaluate each credit card in your wallet

Many people sign up for a credit card and faithfully use it for many years without re-evaluating to make sure it is the best fit for their current situation. Every six months, evaluate your current cards to make sure that the interest rates, annual fee and rewards are still the best choice. Take a few minutes to research new credit cards and special offers that are available to see if another option better meets your needs. Since some cards offer high rewards points for certain purchases, make sure you use the best card for each purchase that you make.

By prioritizing your personal finances and your credit score this year, you will be able to achieve your financial goals in the future. And when you head to the store to buy workout gear, be sure to pay with a high rewards card so you can earn a weekend at the beach this summer.