(NC) Although many of us may know what to do, taking steps to practice sound money management is often easier said than done. Fortunately, by refreshing your financial knowledge and following a few tips, you can start the new year off on the right track.
- Reflect on your values
Take a moment to check in on the values that are most important to you and see how they’re reflected in what you’re spending.
- Set a financial goal
Having a goal is a great way to focus your budgeting and planning.
- Make a budget
It’s important to have a clear picture of your money coming in and going out to help you manage your finances. Start by creating a month-by-month or a week-by-week plan.
- File your taxes
Keeping up with tax filing allows you to access and remain eligible for various tax credits and benefits.
- Set aside an emergency fund
Find a way to set aside some money to fall back on when you have a financial shock – even a small amount can help.
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