- Get organised – How many accounts and credit cards do you have? How much debt do you have?
- Understand your income and expenses
- Automate your retirement contributions
- Increase your retirement contributions
- Automate your emergency savings
- Make your emergency money work harder for you
- Put your bills on autopay
- Make sure you’re paying more than the minimum on your credit card balance
- Pull your credit card statements and analyse your spending
- Cancel subscriptions, contracts etc. you don’t use
- Set up a system to track your spending – I do that through my mobile banking app
- Look up your credit score
- Request a free credit report
- Review your life insurance policy
- Review your health insurance policy
- Review your homeowners or renters insurance policy
- Review your car insurance policy
- Review any other insurance policies you own
- Come up with a plan to tackle debt
- Renegotiate interest rates on your debt and start paying it down
- Try a no-spend month
- Refinance your mortgage or ask for a rent break
- Make sure your retirement money is properly invested
- Start investing outside of your retirement account
- Write down 3-5 specific money or wealth goals
- Have a productive money conversation with your partner
- Come up with ways to generate more income
- Make a will
- Come up with a plan for donating
- Consider hiring a financial advisor
