New Money New Problems Podcast Your 2025 Financial Checklist
Jan 31, 2025
Get ready for 2025 with an insightful financial checklist! Learn how to automate your savings and debt payments for smoother cash flow. Dive into the world of credit management, ensuring you know your status and monitor your debts wisely. Discover essential tips for tackling student loans and preparing for tax season. Don't forget to evaluate your insurance needs and update your coverage, especially after significant life changes. Finally, brush up on estate planning essentials to secure your future!
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Master Cashflow Analysis & Automation
- Perform a monthly cashflow analysis to understand actual income and expenses.
- Automate surplus fund allocations to savings, debt repayment, or guilt-free spending.
Improve Negative Cashflow
- Adjust tax withholding or employee benefits to boost monthly cash flow if cashflow is negative.
- Consider temporarily lowering retirement contributions if consumer debt is overwhelming your finances.
Smart Savings Strategy
- Base your emergency savings target on actual monthly expenses from your cashflow analysis.
- Keep excess funds in brokerage accounts for better growth and still have near-immediate access when needed.