These year-end money moves can help you find financial success in 2022
It’s almost time to ring in the new year.
Before you do, there are some smart money moves you can still make that can set you up for success in 2022 — and beyond.
To be sure, practicing good financial health is important all year long. However, there are some Dec. 31 deadlines looming ahead.
Plus, since people tend to put their lives in perspective at the end of the year, it makes sense to also include your money habits, said New York-based certified financial planner Tom Henske.
“What really stifles people is the fear of the unknown,” he said. “Taking the first step in getting things going is the hardest part.”
These strategies can help improve your financial outlook before the year ends.
Take inventory of what you spent this holiday season, so you know what to expect when the bills arrive in January.
If you incurred any debt, come up with a plan to pay it down. Prioritize aggressively paying down the highest interest card first, said Abbey Henderson, CEO of Concord, Massachusetts-based Abaris Financial Group.
If the debt is overwhelming, consider consolidating it through a balance transfer card with a zero or low interest rate or personal loan.
“Consolidate as long as you can commit to getting it paid off and are not just running up another card,” she said.
