Time literally flies! We are almost at the end of 2018! Can you believe it? A new year brings an opportunity for everyone to reset and start over new. This applies to everything in life including your financials. So what are the key financial steps to take before year end? Are some of your plans focused on debt relief or will you be working more towards rebuilding credit?
Key Financial Steps to Take Before Year End
Revisit your Budget:
Your budget is the best place to start your financial goal evaluation. This will give you a solid idea on your financial situation. You will know exactly where your money comes in from and goes. Once you are aware of the basics you can work on more pressing goals such as eliminating credit card debt.
Talk to an Expert!
Speak with a financial advisor on what your do’s and don’ts are. If you are looking for debt management help speaking with a certified counselor for a free budget counseling session at ACCC is a good start!
What’s in Your List?
Here are some items you can include in your list as part of your financial steps to take before the year-end.
1. What is your status on savings? Are you saving at least 15% of your income
2. Do you contribute towards retirement? Study your options such as Roth IRA, 401(k)
3. What about your children’s college expenses? Have you considered a 529 plan?
4. Are you considering any other investments?
Don’t ignore Retirement:
If you already haven’t done it, speak with your employer on the 401(k) contributions. Don’t let saving for retirement go unnoticed.
You can speak with a certified counselor at ACCC today to discuss your financial planning and obtain free budget counseling. Call 800-769-3571 today!