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Home » 8 Tips to Bring New Life to Your Finances

8 Tips to Bring New Life to Your Finances

  1. Review your spending, create a budget and set up automated savings:
    Creating a budget and setting aside money for savings is one of the best
    ways to reach financial goals.
  2. Throw away your debt: Begin with consumer credit cards, tackling those
    with highest interest rates first as part of an overall repayment strategy that also
    addresses student debt and mortgages. You may even be able to pay off some debt with
    money raised from a spring yard sale.
  3. Spruce up your retirement plan contributions: If you began the year with a
    raise, a good bonus or even got a great tax return, consider setting some of that aside
    for the future by adding to your workplace account or in an individual retirement
    account.
  4. Review your tax withholding: Set up withholding so that you get the most out
    of your paycheck through the year without owning any money at tax time in 2026.
  5. Dust off your estate or retirement plans: Double check your beneficiaries!
  6. Review insurance needs: Do you have all the financial protection you need?
  7. Put a new shine on your financial plan: Speak with an advisor or a financial coach
    to review your accounts and put you on track to reach your financial goals.
  8. Sow the seeds of your financial future: Begin to think about financial goals for the
    rest of the year and beyond – what seeds can you plant today to reap the rewards
    you seek?

    Contact a Stand By Me 50+ Financial Coach for FREE Financial Coaching
    today! Call 211 or visit WWW.STANDBYMEDE.ORG to schedule an appointment.