Making these end-of-year money moves will help you handle whatever comes your way next year.
6 Money Moves to Make Before the End of the Year
1.
What if you cut your credit card debt by half?
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What if you were able to boost your savings account to four or even five figures?
Or build up thatemergency fundyou may have had to dip into this year?
Were fans of theSMART method of goal-setting.
A SMART goal is:
No Interest Til Almost 2027?
In fact, its probably going to be pretty tedious.
However, you’ve got the option to reconcile your spending without digital tools.
Why is this so important?
Its how to find out where youre actually spending your money.
Once youve tracked your expenses, youre ready to move on to the next step.
Make a Budget That Works Finally
Listen, we know a lot of people dont bother with a budget.
But you really, really do need a budget.
If youve never set up a budget before, take thisquiz to find the best budget for you.
Weve also outlinedthe most popular budgeting styles.
Look for one that best matches your needs and personality.
you might try out one of thesebudgeting apps we love, or go old-school and set up anenvelope system.
Our motto: If it works for you, then it works.
Instead of becoming yet another statistic, why not make 2023 the year you finally take retirement seriously?
We created a helpful checklist ofseven essential things you oughta do if youre going to retire this year.
If youremployer offers a 401(k), double-check youve signed up for it.
After all, that match is part of your compensation.
Youre entitled to it!
This post can help you whentrying to decide among them.
Once youve got your retirement account set up, contribute to it on a regular basis.
Maybe youstarted a side hustlethat helped you make ends meet.
Maybe you managed tosave a bit of money?
Or maybe you started educating yourself aboutpersonal finance after all, youre here, arent you?
Molly Moorhead is managing editor at The Penny Hoarder.
Deputy editor Tiffany Wendeln Connors updated this post.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
