December 1, 2024 - 23:26
Coming up with a New Year's resolution to get your finances in order isn't a bad idea, but it would be wasting valuable time to wait that long. While 2024 is coming to a close, it doesn't mean it's too late to take charge of your financial future. Money expert Michela Allocca emphasizes the importance of starting now to set achievable financial goals.
Allocca suggests that individuals should first assess their current financial situation, including income, expenses, debts, and savings. This evaluation provides a clear picture of where you stand and helps identify areas for improvement. Next, setting specific, measurable, achievable, relevant, and time-bound (SMART) goals can significantly enhance your chances of success.
Allocca also highlights the importance of creating a budget that aligns with these goals, ensuring that every dollar is allocated wisely. Additionally, she recommends building an emergency fund to provide a financial cushion in unexpected situations. By taking proactive steps today, individuals can pave the way for a more secure financial future before the year concludes.
