Optimal Health Daily - Fitness and Nutrition 2798: 5 Quick Ways to Improve Your Finances Before the New Year by Andy Hill of Marriage Kids And Money
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Dec 8, 2024 As the New Year approaches, actionable tips for financial improvement take center stage. Learn the importance of creating a budget and cutting unnecessary subscriptions to enhance savings. Discover the debt snowball method for debt elimination and the value of setting SMART financial goals. Explore ways to earn extra cash and reassess your monthly expenses to prioritize happiness. These strategies pave the way for a financially confident start to the new year!
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Create a Budget
- Track your income and expenses to create your first budget, even if December is hectic due to holidays.
- Start by reviewing credit card and bank statements, highlighting key spending areas like housing and food.
Cut Unused Subscriptions
- Evaluate subscriptions and memberships for their value and happiness return.
- Cancel unused or unnecessary ones, especially if they contribute to debt or overspending.
Boost Savings by $500
- Find ways to earn an extra $500 before the year ends, such as using gig platforms or selling items.
- Put the earned money into your emergency savings to avoid using credit for unexpected expenses.