Life Kit: Money Start a financial self-care routine
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Mar 25, 2025 Discover essential practices for financial self-care that go beyond simple budgeting. Learn how regular assessments of both your finances and mental health can relieve stress. Emphasize celebrating small wins and envisioning your personal success without financial constraints. Establish a comprehensive routine that includes checking credit reports, preparing taxes, and monitoring investments. Transform your financial health into a holistic self-care practice!
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Prioritize Life Goals
- Define life goals before financial ones, focusing on desired experiences, not money.
- Then, create financial goals supporting those life goals, like paying off debt or saving for a down payment.
Optimize Savings Interest
- Check your savings account's interest rate, as rates vary significantly.
- Seek higher rates (4-5% currently) from FDIC/NCUA-insured banks to maximize returns.
Annual Insurance and Benefits Check
- Review insurance plans annually during open enrollment (November).
- Update beneficiaries and maximize benefits like 401k matches.