5/30/2023 0 Comments New york times financesDon’t limit it to just your clothes –– take stock of your home inventory and purge what you don’t need anymore. I’m a big fan of reselling clothing, especially if it helps you make a little back on items you paid a pretty penny for. You’ve heard of Spring cleaning, but why only do a closet cleanout once a year? As we head into cooler weather, it’s the perfect time to Marie Kondo the shit out of your closet and sell off those pieces that just aren’t “sparking joy” anymore. Listen to the full episode on financial self-care. Do you have more opportunities to diversify? Can you be maxing your Roth IRA sooner? Have you maxed your employer match in your 401K? Is it time to open another brokerage account? Investing is a long game, but it’s always good to check in every few months and see how things are going with your portfolio. You should be sitting down for your Money Date once a month, but I think quarterly is a good time to really dig in on your goals and start planning for the longer term.Ĭhecking in also includes going over your investment strategy. As you check in on your financial picture, how do you want it to change in the next year? Where would you like to be with savings, debt, etc., by October of next year? This is an excellent time to listen back to my podcast episode on the Money Date. Read more: What are Sinking Funds? Start planning for 2022Īs we enter the final quarter of 2021, now is the perfect time to build your game plan for 2022. Starting a budget and a sinking fund for the holidays now can help you avoid last-minute financial panic this holiday season. I love gift-giving, so I always plan for that, but sometimes I forget about the unseen holiday expenses like food, drinks, and travel. The ones that always catch me off guard are the holidays. I have a great article on what sinking funds are and how to use them to help you plan for big financial purchases. Home Costs (Electric, Gas, Trash, HOA fees, etc.)Ĭar or Commuting Expenses (Gas, Maintenance, Metro Passes) Multiply the total by 3 or 6, depending on your preference! Here are a few categories to include in the emergency fund to help you make your calculations. Have you moved or taken on new expenses since the last time you looked at your emergency fund? Make sure your calculations are still lining up so you don’t get caught off guard when an emergency strikes and your emergency fund depletes faster than you’d expected. Sometimes, we build a budget at one stage in our lives and then forget to update it as we change. This fund should include all of your non-negotiable expenses like rent, food, utilities, and any other essential items in your budget. How’s your emergency fund doing? I hammer this one home over and over on the blog, but one of the first and best things you can do to help build financial stability is to build a three to six-month emergency fund. Here are a few things you can do right now to help you rock your way into 2022. As we enter the final four months of this wild year, it’s the perfect time to do a little revamping and checking in on your overall financial picture. I spent the beginning of the year on a last-minute pseudo sabbatical, hired several new employees, signed a motherfuckin’ BOOK DEAL, launched a chart-topping podcast, and packed up my apartment in Seattle for the digital nomad life. With each swirl of flavor, fall made its way into my mind, and I realized that as of October 1st, we’ve officially reached Q4 of 2021.Ģ021 was an absolutely crazy ride for me. I know it’s blasphemous to say, but I sipped my first Pumpkin Spiced Latte of the season strolling along the streets of Paris. 5 Ways to Improve Your Finances This Fall I will never work with a brand or showcase a product that I don't personally use or believe in. This doesn't cost you anything, and shopping or using our affiliate partners is a way to support our mission. The following article may contain affiliate links or sponsored content.
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