It's the last quarter of the year, and a great time to do a financial review to be sure your finances are in order. Here are a few money management moves you should consider to end 2024 on a good note and begin the new year with positive momentum.
Check the interest rate on your savings and be sure you are getting a competitive rate.
Move excess savings to a CD and lock in a good interest rate before rates decrease any further.
Pay off small loans and credit cards with low balances.
Organize your financial documents.
Set a holiday spending limit.
Make your Black Friday, Cyber Monday, and Prime Day lists beforehand.
Budget
Do a year-end review of your investments, insurances, and bills.
Schedule an appointment with your 401K's Plan Administrator to see if your investments are on track to reach your goals.
Max out your 401K.
Use up your Flexible Spending Account
I think everyone agrees, once Halloween is over, the year seems to move pretty quickly. To help you avoid feeling overwhelmed and unorganized as you head into 2025, make a plan now to accomplish the financial tasks above that apply to you. By getting a head start, you can relax and enjoy the holidays.
Lana
