Do you have financial tasks you keep putting off? Today’s checklist can help you get back on track and start ticking things off your list.
Managing your finances can be challenging. There’s always something to remember or a task you’ve postponed. If you’re like many people, you either procrastinate or struggle to find time for everything. This financial to-do list is designed to help you make time and get things done!
The goal of this list is to help you take control of your financial life. These tasks will help you save money, plan for the future, budget, protect your family, pay off debt, and more. Everyone should have a financial to-do list, and if you’ve never made one, this article will give you some ideas.
You don’t have to do everything on this list, but it will give you ideas and motivation. You might even find things you usually forget or overlook. After reading this, you’ll be ready to start checking things off your list!
### Your 2024 Financial To-Do List
1. **Create or Update Your Budget**
When was the last time you looked at your budget? This should be at the top of your list because it can positively impact your spending and saving habits. Check if you need to update your income or expenses, review your spending, and see if your budget is realistic.
2. **Sign Up for Your Company’s 401(k) Match**
If your company offers a 401(k) match, consider signing up. It’s essentially free money to grow your retirement savings. A 401(k) allows you to invest a portion of your paycheck before taxes, and the amount can grow tax-free until you withdraw it.
3. **Get Life Insurance to Protect Your Family**
If you don’t have life insurance, now is a good time to get it. Life insurance can be affordable and provides financial security for your family if something happens to you. It can cover funeral expenses, daily bills, and debt.
4. **Get Your Free Credit Report**
Regularly checking your credit report is important. It helps you address debt issues and detect any fraud. You can get one free credit report annually from each of the three main credit bureaus (Equifax, TransUnion, and Experian).
5. **Shop Around for Cheaper Insurance**
You might be overpaying for insurance. Compare quotes for car and home insurance annually to potentially save a significant amount of money.
6. **Build an Emergency Fund**
Start saving for an emergency fund, even if it’s a small amount. This fund can cover unexpected expenses like job loss, car repairs, or medical bills.
7. **Start Investing for Your Future**
If you haven’t started investing, now is the time. Investing helps your money grow over time and can significantly impact your future financial security.
8. **Get Rid of Your Expensive TV Bill**
Consider canceling cable or some streaming services. The savings can add up, and you might find you don’t miss them.
9. **Calculate Your Net Worth**
Use a free tool like Empower to calculate and track your net worth. It helps you see all your finances in one place and manage them better.
10. **Go on a Cheap Vacation with Travel Rewards Credit Cards**
Use travel rewards credit cards to earn points for free or discounted travel. If you’re already using credit cards, you might as well get some benefits.
11. **Find a Work-from-Home Career**
If you’re looking for a new job, consider a work-from-home position. It can help you earn more money to achieve other financial goals like paying off debt or saving for emergencies.
12. **Fill Out an Emergency Binder**
Organize all your important documents and personal information in one place. An emergency binder can be a lifesaver in unexpected situations.
13. **Have a Money Meeting**
If you have a partner, regular money meetings are important. Discuss your financial goals, budget, and any upcoming expenses to stay on the same page.
14. **Check Your Debt Progress**
Review your debt regularly to see how close you are to paying it off. Adjust your plan if needed to stay on track.
15. **Set New Financial Goals**
Setting financial goals keeps you motivated. Whether it’s saving for a house, paying off student loans, or hitting a net worth milestone, having goals helps you stay focused.
### Summary
Having a financial to-do list is essential. Create a list, keep it visible, set reminders, and stay accountable. This article should help you remember important financial tasks and inspire you to take action. What’s on your financial to-do list?