The big holidays are over, the new year is in full swing, and winter is soon to be on its way out. What better time to take a look at your finances, speak with your fiduciary advisor of Orlando, and organize your financial goals. Here are three easy ways to improve your finances in February.
Take Stock in Your Financial Resolutions and Previous Year’s Goals
Look back on last year. How did you do financially? Did you hit the goals you set, did you save enough? Are you in a good place with debt? Take a thorough look reassess. Have you stuck to your new year’s resolutions? Do you need a new game plan or help to stay fiscally focused? Lean on your financial advisor, and enlist the help of friends and family to encourage and help you hit your goals. Be honest with yourself about your needs and wants and current situation, and set goals that are achievable.
Use this month to focus on building your career network. As conference schedules are filling up, keep an eye out for industry events from which you could benefit. Be proactive within your company or on the job hunt. And if traditional networking events aren’t your style, make connections on your terms, in your way. Broadening your career network is crucial if you did not have a fiscally successful year last year. Now is the time to hone in on your career goals, and must-haves, and make a direct path to achieving them.
Start Preparing Your Taxes
In 2019, the IRS began accepting tax returns at the end of January. Yes, we all know you have until April to file your taxes, but why not get them done and out of the way. Be the first in line, instead of needing an extension. By doing your taxes earlier, you prevent someone from fraudulently filing under your name, and collecting the refund that is rightfully yours. And you will receive your refund early. If you don’t end up getting a refund, or you have to pay the government back, filing early is still beneficial. The sooner you structure a payment plan, or pay off whatever needs to be adjusted, the better it is for the rest of your year’s financial schedule.
Don’t let any month go to waste this year. Find your focus, find your purpose, make your goal and then hit your target. Setting up and putting in the effort early in the year, will pay off tremendously when the end of this year arrives.