The New Year is full of resolutions. Chances are, one of those resolutions involves your financial life. Take a moment to make these financial priorities a habit in 2022:
- Review your budget for ways to reduce unnecessary spending. Even small changes over time add up.
- Create a fund for immediate obligations.
- Create an emergency fund for unexpected expenses – such as home or auto maintenance and medical bills.
- Pay off debt so you can focus on saving and other priorities.
- Review retirement savings plans to determine if they meet your goals. Utilize any employer matching contributions when you can.
The New Year is a great time to make a fresh financial start with these changes. Reviewing your financial priorities can help you determine both your short-and-long-term goals and how to achieve them.
Consumer Tips General Saving Money
January 3, 2022 by Iowa State Bank