Connect with us

Hi, what are you looking for?

Money Management

A Short Financial To Do List For The End Of The Year

Your finances are too important to let them go by the wayside.

Leading up to this holiday season and New Year’s resolutions, your finances deserve their own to do list. With that in mind, here are a few things you should do to prepare for a better financial future:

  1. Review your beneficiaries for your life insurance and retirement accounts. You will typically be asked to name a beneficiary when you open a new retirement account. In some cases, you can simply check and/or change your beneficiaries online. In other cases, you can order the paperwork from the company.
  2. Assess your spending and look for places to save. These days, there are many services that you’ll sign up for with a recurring payment plan. Check on what you’re subscribed to and remove anything you don’t use much, for a start. Then you can move onto your manual spending.
  3. Use flexible spending accounts before the end of the year. Some funds won’t roll over into the new year.
  4. Contribute as much as possible to your retirement savings. Before celebrating the next year, prepare for the years far into the future.
  5. Reassess your bank accounts. You may be losing out on interest or better deals if you don’t check what you’re getting now and compare them with other options. Look around for higher-interest short-term savings accounts and better-rewarded credit cards.

You May Also Like

News

In the past year, Peloton, manufacturers of stationary exercise bicycles and treadmills, has been experiencing some severe financial difficulties. The company went through a...

News

While the ongoing supply chain problems affecting the global economy have had the expected effects, they’ve also had some decidedly unexpected effects. Specifically, many...

News

As gas prices continue to rise and consumer confidence drops, not to mention the ongoing war in Ukraine, the European economy is taking a...

News

As the environmental need for electric vehicles becomes more pressing, and the car-buying public becomes more eager for them, automotive manufacturers are getting ready...

News

This morning, Coinbase CEO Brian Armstrong sent a mass email out to his company informing everyone that, as stock and crypto prices slip and...

News

As Russia’s invasion of Ukraine continues, many global businesses have pulled their dealings out of Russian territories due to a mix of sanctions and...

News

In the last few weeks, fears have begun to surface of another potential recession striking the United States economy. Economists have been working to...

News

It’s no secret that the highs of the COVID-19 pandemic cost movie theater chain AMC an unprecedented amount of money. As people isolated at...