She Strengthens

Seize the Moment: 10 Financial Goals to Crush Before the Year Ends

As we hurtle towards the end of the year, it’s easy to feel overwhelmed by the pace of life. But don’t let procrastination get the better of you! With fewer than 50 days left, you still have plenty of time to tackle those money resolutions you set back in January.

Define Your Dream Life

Take a step back and ask yourself: what do you really want? It’s easy to get sidetracked by daily distractions, but taking the time to define your goal will help you stay focused. Have a heart-to-heart with yourself, and create an actionable plan to get there. (Time: 5-15 minutes)

Protect Your Credit

Identity theft is a real concern, but freezing your credit with each of the three credit bureaus can block lenders from accessing your report. This simple step can prevent identity thieves from taking out loans in your name. (Time: 15 minutes)

Create a Budget That Works for You

Download a free budget calculator and start determining where you want your money to go. If you’re new to budgeting or need a review, send an email with your budget attached, and get free suggestions on how to improve. (Time: 15-30 minutes)

Boost Your Retirement Savings

Increase your 401(k) contributions by 1% every year, starting now. It’s a small step that can make a big difference in the long run. (Time: 5 minutes)

Automate Your Savings

Set up an auto-transfer to save over 40% of your income. By automating your savings, you’ll avoid the temptation to spend on non-essential items. (Time: 15-30 minutes)

Save Big on Health Insurance

Reevaluate your health insurance plan during open enrollment. Consider an HSA option if you’re young and healthy, and make sure you have an emergency fund to cover deductibles. (Time: 30 minutes – 1 hour)

Open a Roth IRA

If you’re already contributing to a 401(k) or don’t have access to one, open a Roth IRA. This retirement savings program allows you to contribute post-tax dollars and earn tax-free returns. (Time: 10-15 minutes)

Develop a Debt Strategy

Create a personalized plan to tackle debt using the debt snowball or avalanche method. Read up on these strategies and chart out your attack plan. (Time: 30 minutes – 1 hour)

Ask for a Raise

If you’ve been killing it at work but haven’t seen a salary increase, it’s time to speak up. Managers often assume you’re happy with your current salary, so voice your concerns and ask for what you deserve. (Time: 2 weeks)

Keep Learning

The key to improving your financial situation is to never stop learning. Subscribe to a money-centric newsletter, download a podcast, or check out a book from your library. Every little bit of knowledge counts! (Time: 5-15 minutes)

Remember, even small steps count towards achieving your financial resolutions. Take control of your money today and set yourself up for success in the new year!