Regardless of your age, there are a few money moves to consider every year if you want to improve your finacial situation. Financially successful people don’t put their finances on autopilot and these simple moves can make all the difference.
If you want 2019 to better financially than 2018 you really need to have a plan. It doesn’t have to be complicated, sometimes a simple plan works the best. A plan based on foundational aspects of money management can actually be easy to follow and requires only 6 steps.
With less than 30 days remaining in 2018 you might be content to push any financial matters into 2019. That would be a big mistake because there are a few key money moves you should consider before the end of the year.
Now that everyone is in full holiday mode, most of us are busy making plans and creating to do lists of what all we need to do in the next 30 days. If you have kids, using the holidays as a teachable financial moment should be on that list. There are several opportunities to help incorporate financial wisdom in our holiday traditions.
Have you thought about what you might do if you received an unexpected windfall money, say from lottery winnings? Even though it is highly unlikely anyone of us will have lottery winnings, it is likely that many of us will receive unexpected bonuses, inheritances or large tax refunds.
Financial advice is often very general in nature. Too often we can mis-understand financial advice or not apply it correctly. This leads to missed opportunities or even poor money decisions. Having an understanding and applying this advice to your situation is very crucial.
Retirement planning isn’t just for those in their 50s and 60s. Regardless of your age from Baby Boomers to Generation Z who are just turning 18, everyone should take steps to make their retirement better.
How you pay for all the expenses during your lifetime can have a significant impact on your financial situation. Making the wrong choice in funding your spending often leads to money problems.