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Budgeting: Starting Off 2023 The Right Way

As we say goodbye to 2022, bad habits and starting out fresh, why not prepare for the new year with a review and update of your finances?

There’s always room for improvement when it comes to finances

No matter how well you think you have done with finances this year, there’s always room for improvement. Having a thorough review completed before January 2023 comes around, checking your list twice to see where you could improve and where you have been smart with your financial health is important. 

Start off the new year right! A new year means new possibilities. People tend to make a new year resolution to lose weight (your physical health), but you should consider giving your financial health the same attention. We all have trouble having the motivation for doing a financial assessment just like starting an exercise program. Each equally takes time, dedication, and the motivation to keep going forward.

Tips for financially starting 2023 off right

Create a monthly budget and stick to it. Determine where you can cut costs and in general, spend less money. Keep things reasonable. Start 2023 by tracking finances on a monthly basis. You will see how much money you have coming in and where it is going out. 

Set up bill pay to make sure you never miss a payment. Also, set up account alerts, manage spending can help you stay on top of the goals for the new year. 

Always learn more! There are tools that you need to improve your financial health by making financial literacy part of your process. The more you know about something, the more likely you are to make the correct decisions.

Good financial management will save you time, money, and stress and will help with prioritizing your expenses and making good financial decisions. With the circumstances today, inflation, prices rising, and interest rates on the rise you, may have changes in your financial goals.

To conclude, the earlier you assess your financial situation, the sooner you will be able to make changes without the stress later. The most important decision you can make as 2022 comes to a close is making sure everything is in order with your finances for 2023.

If you are interested in learning more about your financial options, please email Vickie at This email address is being protected from spambots. You need JavaScript enabled to view it. or call at 717-790-2171.


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