Here are some important money moves to tackle in November to set yourself up for a solid financial start in 2023. To avoid any regrets coming next year, take these steps now!
Create A Holiday Spending Budget
The holidays are right around the corner, and once they kick in, you’ll find it hard to resist buying all those gifts. But before going out on a limb with your credit card or making life decisions based on an impulse buy from last-minute shopping at Target, take some time this month to plan exactly what can fit into that budget without breaking any bank accounts! A little organization goes miles during these busy seasons, so think ahead – “What do I really need? “
Stack More Money
The Federal Reserve is raising interest rates, which may lead to an economic decline in the future. It’s important for you to have enough money set aside as a cushion during these difficult times so that your spending doesn’t dry up and leave you with zero dineros. Companies like Apple have implemented a hiring freeze through 2023 due to fears of recession so expect other companies to follow suit.
The holidays are a time for giving, but that doesn’t mean you need to go broke in the process. This year, take some time to create a budget and stick to it. And if you’re feeling extra generous this season, think about ways to stack your money so you can weather any storm – holiday or not!