Year-End Money Moves That Make a Difference

December is a month filled with joy, celebration, and reflection, but it’s also the perfect time to give your finances a little year-end attention. A few simple steps now can set you up for a confident and organized start to the new year. Here are practical, easy things you can do in December that truly make a difference!

Here are a few steps to guide you along the way:

1. Give Your Budget a Quick End-of-Year Check-Up

Take a few minutes to look over your spending from the past year.

Ask yourself:

            •          What categories were over budget?

            •          What surprised you?

            •          What can you adjust for next year?

Even a small change like increasing your grocery or holiday sinking fund can relieve financial stress in the new year!

2. Review Your Savings Goals

• Look at your progress toward:

              •          Emergency savings

              •          Big purchases

              •          Vacation plans

              •          Holiday savings

  If you didn’t hit your goals perfectly, that’s okay! December is a great time to reset and celebrate the progress you did make. Consider setting up automatic transfers into your specific savings accounts as the new year begins.

3. Maximize Retirement Contributions (If You Can)

If you contribute to a 401(k) or IRA, check your year-to-date totals. Even a small increase of 1% can make a big difference over time!

If you have an employer match, make sure you’ve contributed enough to receive the full benefit.

4. Use Your FSA Funds Before They Expire

Don't let your money go to waste! Many Flexible Spending Accounts expire at the end of the year. Check your balance and use any remaining funds on eligible expenses like:

            •          Glasses or contacts

            •          Over-the-counter items

            •          Doctor or dentist visits

            •          Approved health essentials

5. Check Beneficiaries & Important Documents

This takes less than five minutes, but is something many people forget. Life changes such as marriage, divorce, or new children may mean updates are needed. Review the beneficiaries on your:

            •          Checking & savings accounts

            •          Retirement accounts

            •          Life insurance policies

6. Get a Free Copy of Your Credit Report

You’re entitled to a free annual credit report, and December is a perfect time to review it for errors or unfamiliar accounts. A quick check now can help protect you from fraud or identity theft in the new year. Do this easily at FreeCreditReport.com.

7. Organize Your Financial Documents for Tax Season

A little organization now means less stress in April! Start a small folder for:

            •          Charitable donation receipts

            •          Medical expenses

            •          Major purchases

            •          Important year-end statements

8. And Finally, Celebrate Your Wins!

Financial confidence isn’t just about numbers, it’s about progress! Maybe you learned to budget better, paid down a small debt, or saved more consistently this year. Celebrate it. Every smart choice adds up!

Financial wellness doesn’t happen overnight. It happens through small steps, consistency, and support. These simple year-end moves can help you start the new year with confidence & peace of mind. Here’s to a strong finish and an even stronger start to the new year!