Year-End Financial Review For Individuals

With the year wrapping up, now’s a great time to take a closer look at your finances. A year-end review helps you check where you stand, set goals that feel doable for next year, and make smart choices for your future. From savings to investments, here's how you can take a meaningful look at your financial health and set yourself up for success.

Step 1: Take a Look at Your Spending

Start by checking out your budget and spending over the past year. Were there areas where you went a little overboard? Think about where you can cut back to free up money for more important goals, like paying off debt or boosting your savings for next year.

Helpful Tip: Try budgeting apps — they make it super easy to track where your money’s going and spot places to save!

Step 2: Assess Your Savings and Emergency Fund

Step 3: Evaluate Your Investments

Step 4: Review Your Debt

Step 5: Plan for Retirement

Step 6: Understand Your Tax Situation

Step 7: Set Goals for the New Year

Step 8: Schedule Regular Check-Ins

Final Thoughts: A thorough year-end financial review is crucial for identifying where you stand financially and setting the stage for future success. By taking the time to review and plan now, you're putting yourself in a better position to achieve your financial goals and improve your overall financial health in the coming year.

Need help with your year-end financial review? Contact our Impact Team to get personalized assistance tailored to your specific needs.

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