Preparing for a New Year - Episode 130

EPISODE 130: PREPARING FOR A NEW YEAR

Welcome to the Monday Money Tip Podcast! 2020 has been quite a year for finances. In this episode, we’re sharing tips on preparing financially for 2021. In our Current Money Events segment, we’re sharing three things you can do this week to move forward on your financial journey. Our success story comes from Loraine, who handled reduced hours at work during the pandemic because she’s debt-free. 

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About the Episode:

  • In this episode, we’re sharing tips on preparing financially for 2021. 

  • In our Current Money Events segment, we’re sharing three things you can do this week to move forward on your financial journey.

  • Our success story comes from Loraine, who handled reduced hours at work during the pandemic because she’s debt-free. 

Review 2020:

  • Where did you make progress? Where did you fall short?

    • Did your retirement account grow or shrink?

    • Did your income grow or shrink?

    • Did you live as generously as you desired?

    • Did you save money like you planned?

    • Did you reduce your debt like you planned?

    • Did you pay anything off completely?

    • Did you pay cash for something you would have financed in the past?

      • This is important to identify and celebrate success because we tend to run to all of our faults and mistakes

    • Did you accomplish any of your plans, hopes, and dreams? Did you make progress toward future plans, hopes, and dreams?

    • From whom did you receive counsel this year?


Set Financial Goals for 2021:

  • Earnings

  • Giving

  • Saving

  • Investing

  • Debt Elimination

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