Take These Financial Steps Before the New Year
The New Year is just around the corner. It is a time to celebrate all the great things in the year while planning some goals for oneself for the upcoming year. While this year might not have gone the way most people planned it to be, it did give us some time to rethink multiple aspects of our lives, one of the most important one being our financial health. The pandemic induced job losses and negative market sentiment took a toll on many people’s lives, reminding us of the importance of money management and financial planning. Let us look at five financial tips that you can take on before the new year with the worst behind us. Get Rid of Debt - Before the next year begins, take a pledge to pay back all your debt as soon as possible. Take a look at all your debts and identify the most expensive ones (higher interest rates). Make a plan to pay them all one by one and set time-bound goals for yourself. Make sure you set reasonable goals. No matter how small the amount is that you can ...