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With the New Year coming, there is no better time to put your financial life on the right track.
It’s good to know what lies ahead when it comes to events like tax deadlines and open registration. Amy Richardson, certified financial planner with Schwab Intelligent Portfolios Premium, said planning when to do things like review your budget and check your savings can also help.
To help guide you, Richardson has a 12-month calendar that identifies key money movements.
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“At the end of the year, you cross that finish line and make sure you do all the things you need to do to set yourself on a solid path to financial success,” Richardson said.
I likened it to marathon training for the first time for the big race gaining stamina every week. In this case, she said, he bore my money.
Start by reviewing your spending and mapping out your goals for 2022.
Putting everything on paper and crossing things off your list can help you feel organized, Richardson said. If you can’t get to something that isn’t time-sensitive, don’t worry about moving it around.
“Life happens,” Richardson said. “We have to pivot.”
“It’s just a matter of getting into the habit and training ourselves to rely on these topics in our financial planning calendar.”
If the idea of all of this makes you feel overwhelmed, consider consulting an experienced financial advisor, said Winnie Sun, managing director of Sun Group Wealth Partners in Irvine, California.
If you need to slim down, she said, the most important thing is to focus on building smart financial habits.
Sun, who is also a member of CNBC’s Board of Financial Advisers, said.
“Small steps, continuous, can make a big difference to your finances.”