10 KEY Money Moves For The New Year! | Clever Girl Finance

It's almost the new year and so here are 10 key money you should definitely consider making if you haven't already PLUS the links to the articles I mentioned and more are listed below:

10 KEY MONEY MOVES FOR THE NEW YEAR:
1. Create your financial goals: Your goals should be specific, measurable & assigned to a timeline. Your goals are about what you want to accomplish for yourself

2. Prepare for tax time: Gather up your paperwork ahead of time to minimize tax-time stress.

3. Boost your emergency fund: Core essentials include housing, food, transportation, core utilities & medicines. Build saving for emergencies into your budget. No savings? Set an initial goal to save $1,000. Leveraging debt? Focus on being mindful of how much debt you take on

4. Add to your retirement plans: Increase contributions by an extra percentage or max your contributions out if possible. It's important that you put money aside for your future self

5. Increase your income: Examples include side hustles, part-time jobs, selling things you don't need, looking for a better paying job, etc

6. Check your credit score: Fraud and identity theft have increased as a result of the pandemic. Get credit monitoring. Make sure you are aware of what's being reported. You are entitled to a free credit report by federal law at annualcreditreport.com

7. Automate your finances to make managing your money easier: Got an inconsistent income? Schedule transfers in advance of when you are expecting income to arrive. Start with one or two things to automate & add on later.

8. Consider life insurance especially if you have dependents who rely on your income.

9. Create a budget for the new year: No two months are the same so it's important to budget in advance of each month.

10. Prioritize your self-care: You need the energy & strength to achieve your financial goals!

LINKS TO ARTICLES MENTIONED
- How credit freezes work: https://www.clevergirlfinance.com/blog/should-i-freeze-my-credit/

- How credit really works: https://www.clevergirlfinance.com/blog/how-does-credit-work/

- Term vs whole life insurance: https://www.clevergirlfinance.com/blog/term-vs-whole-life-insurance/

Where to get your free credit report: https://www.annualcreditreport.com
OTHER VIDEOS TO CHECK OUT:
- 10 Things I no longer buy: https://youtu.be/49Z6O3vUnIg

- How to save $10k in one year: https://youtu.be/veE586ik_ro

- Who says you need a six-figure salary to build wealth? : https://youtu.be/nvntNVjN3vM
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