New Year’s Checklist

2020 is here and I’ll spare you the “20/20” vision jokes, but the new year does offer us a great chance to rethink some old (bad) habits and set new ones in place.  With that in mind, here are a few “new” ways to think about your finances and maybe … just maybe … bring a little more of your money to your bottom line!

  • Go ahead and track where your money goes.  According to the figures I’ve seen, less than 45% of Americans know where they spend their money.  With so many people also stating they live paycheck to paycheck, analyzing your expenses – even that Starbucks you have everyday – can help you find more money.    
  • Evaluate your life insurance.  Yes, it seems a little morbid, but far too many of my clients don’t know what they have OR don’t have enough.  Remember, some life insurance policies – like Whole and Universal – have cash values and can also act as retirement tools if your structure them correctly. 
  • Write or review your will.  Again, it might be morbid to remind you we’re all going to die, but the truth is, if you die organized, your family will have a far easier time and your estate will spend far less in taxes.  Take an hour or two this month and meet with an attorney to discuss your options.  It’s the smart thing to do, even if you don’t “think” you have anything. 

A little thought and planning can go a long way towards making this year the best ever, so grab the bull by the horns this month! Enjoy it and don’t worry!


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