Budgeting for Success: Financial Tips to Start the Year Off Right
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A new year is the perfect time to take control of your finances and set yourself up for success. Whether you're looking to save more, pay down debt, or invest, these tips will help you create a strong financial foundation. In addition to the following tips, we have a presentation from Empower coming up on Wednesday, 1/8/2025, to help us understand our options around the 457(b) plan, and what happens at a meeting with Empower. 1. Set Clear Financial Goals: Start by defining what you want to achieve this year. Whether it’s building an emergency fund, saving for a big purchase, or reducing debt, your goals should be specific, measurable, and realistic. Write them down and keep track of your progress. 2. Create a Monthly Budget: A budget is your roadmap to financial success. Start by tracking your income and expenses to understand where your money is going. Allocate funds to essentials (like housing and grocer...