BUDGETING & SAVINGS
One of the best ways to manage your money is to have a clear sense of how much you have coming in and going out each month.
Next, it’s time to think about your goals for the year ahead. Are you hoping to increase your emergency savings or set aside more in your 401(k)?
This should take into account your regular monthly expenses (such as housing and transportation) as well as additional expenses including hobbies and entertainment.
You can do this by setting up a recurring transfer from your checking account to your savings account or increasing the contributions to your 401(k) or IRA.
Making a plan to pay off your outstanding debt is another important opportunity to improve your finances.
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