Review Your Budget
The start of a new year is a good time to compare actual income and expenses to your projected figures. During this review, revisit recurring expenses, such as subscriptions and memberships and eliminate those you are no longer using or enjoying.
Confirm you have a comfortable amount of cash for your near-term needs, in addition to an appropriate emergency reserve. A good practice is to have cash available to cover a minimum of three-to-six months’ worth of expenses.
Our clients and their families have access to our Dollar Sense education program, which includes a basic budget and finance course called, Financial Footwork. Contact dollarsense@fergwell.com for more information about enrollment.
Here are some other budget and expense tracking apps and resources to support you.
Consumer Finance Protection Bureau – Basic budgeting tips to get started
The best budgeting apps and tools according to The New York Times