If you’re looking for a practical financial checklist to help keep your finances organized, you’ll love this post/infographic.

It’s a simple checklist that will bring clarity, focus, and most importantly results each and every year.

Here’s 24 total (2 for each month) financial tasks to complete.

January

  • Set Your Financial Goals – Determine what you will be focusing on this year. Use Dave Ramsey’s Baby-Steps as a rough guide to determine your primary goal. i.e. paying off debt, building an emergency fund, increasing savings rate, etc… Tip: Download The Ways to Wealth’s Financial Goal Setting Workbook.
  • Set Your Career Goals – How will you increase your value this year to the marketplace? Will you be looking for a new job at a higher salary? Will you be taking on a side-hustle, in the hopes it can turn into a full-time gig? Do you need to prepare to ask for a raise? Decide now what you want to accomplish by the end of the year. Read 50 Ways To Make More Money.

 

February

  • Review Expenses – Where can you save money? Can you refinance? Cancel subscriptions? Here’s a list of over 100 ways to save money.
  • Get Your Credit Report/Score – Review your credit report from AnnualCreditReport.com, this is the site setup by Federal Law to provide you free access to your credit report once a year. Next, sign up for a credit monitoring service, I recommend Credit Sesame to track your credit report.

March

April

  • Reevaluate Goals – Review progress on the goals you set in January. If goals completed, adjust to next highest priority task.
  • Increase Savings Rate – Increase the amount you’re saving with your 401(k)/IRA/Taxable Account by at least 1%

May

  • Spend Your Rebate Wisely – If you’re getting a rebate, put it towards your highest priority goal.
  • Adjust Your Tax Withholding – Based on how you did with last year’s taxes, adjust the amount you’re withholding.

June

  • Read a Personal Finance Book – A good habit is to read one new personal finance book a year.
  • Spring Clean – Host a garage sale, sell big ticket items on Craigslist, and/or donate any unused items.

July

  • Reevaluate Goals – Review progress on the goals you set in April. If goals completed, adjust to next highest priority task.
  • Increase Savings Rate – Increase the amount you’re saving with your 401(k)/IRA/Taxable Account by at least 1%.

August

  • Review Employee Benefits – Make sure you’re taking advantage of all the savings opportunities offered by your employer.
  • Shop Insurance – Shop your home/auto insurance to discover potential savings. Tip: Use a site like Esurance, which takes only a few minutes to get a quote, to see if you can save. All it takes is a few minutes. So, with ease you know whether to continue shopping around or if you’re already paying the best price. Time saved!

 

September

  • Evaluate Your Will & Estate Plan – If you have a family and don’t have a will and estate plan, now is the time. If you do have a will and estate plan in place, make any necessary adjustments based off what has changed.
  • Try Another 30-Day Money Challenge – Get yourself out of a rut with another  30-Day Money Challenge.

October

  • Reevaluate Goals – Review progress on the goals you set in July. If goals completed, adjust to next highest priority task.
  • Increase Savings Rate – Increase the amount you’re saving with your 401(k)/IRA/Taxable Account by at least 1%.

November

  • Evaluate Beneficiaries – Review beneficiaries on your investment accounts, savings account, and life insurance.
  • Plan Health Expenses – If you’ve reached your deductible schedule any additional healthcare this year. If you have an FSA, make a plan to use your funds.

Related article: Health IQ Life Insurance Review – Life Insurance For Health-Conscious People

December

  • Rebalance Your Portfolio – Does your portfolio need rebalancing? Can you take advantage of any tax loss harvesting? Use Personal Capital’s Portfolio Optimizer to find out.
  • Give – Now is the time  to give to a qualified charity of your choice and be able to deduct it on this year’s taxes.

 

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