Year End Money Moves to Start Next Year Strong

Some Top Personal Finance Tips to Close this Year and Kickstart the New Year

Author

Chris (Loogie) Luger
December 13, 2024

As the year comes to an end, we start celebrating the holidays. We get together with friends and family for food, fun and togetherness. However, at the year’s end it can be a good time to review our finances and see how things have been going with your money. It’s also a wonderful time get ready for a strong start to the coming new year.

Review Your Financial Goals

The end of the year is a perfect time to check in and see how we’ve done with our financial goals. How is our earning going? Did you get a wage increase or earn bonuses or commissions this year? What are we doing with it? Did we save as much as we planned? Or maybe we used it to pay down debt. Did we continue to invest wisely? 

Maximize Tax-Advantaged Contributions

As the year wraps up, it can be our last chance to make the most of those tax-advantaged accounts like 401(k)s, IRAs, and Health Savings Accounts (HSAs). These contributions can lower your taxable income as well as help you build a solid retirement nest egg.

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