Here are our top 5 financial resolutions you should consider in 2024:
- Meet Your Match: Contribute at least the minimum amount to your retirement accounts to secure your employer’s match.
- Contribute More to Retirement: Contribution limits are higher in 2024: Don’t forget to contribute to your Roth accounts!
- Create a Budget: One of the most important and often overlooked (if not avoided) steps is budgeting. You don’t know what you’ll need to live on in retirement if you don’t know what you’re spending.
- Build an Emergency Fund: Have at least 6 months of expenses fully liquid (cash on hand).
- Insure Yourself: Make sure you and your family will be okay in case the worst happens.