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Stacy’s News: Resolve to Keep Your Finances in Shape

Stacy’s News: Resolve to Keep Your Finances in Shape

January 24, 2024

How’s Your Financial Fitness?

With the new year comes resolutions and that should include planning for your financial future.

January is Financial Wellness Month—time to regain control of your wallet, especially after the busy holiday season. Getting a clear picture of your financial matters early in the year can reduce stress while laying a foundation for long-term financial wellness. 

Here are five ways to keep your money in shape and get closer to your goal of financial fitness.

5 Ways to Keep Your Money in Shape:

  1. Check your credit report, and review your mortgage, credit card, and loan rates.
    Be sure you are getting the best rates and paying off higher-rate balances first. Put your monthly payments on autopay to avoid late payment dings to your credit score.

  2. Review your retirement plans.
    Take advantage of company matches and contribute the maximum to reduce your tax burden. Rollover any money from previous employers to another tax-advantaged retirement account. Secure an IRA if you are self-employed. We can help create your best retirement planning strategy regardless of where you are in the journey. 

  3. Review investment portfolios.
    Is your current mix performing for you? Consider rebalancing or contributing more this year to continue building wealth for your future.

  4. Build your 2024 budget and set savings and investing goals.
    Keep good track of your money and where it goes. Create a budget and stick to it. Is there something you could cut to contribute more to building your investments? Are you saving for a special occasion or big-ticket item this year? 

  5. Create or reinforce your emergency fund.
    The rule of thumb is to have 6 full months of expenses saved in case you suddenly lose your income.

Access our calculators to run your numbers at

Reach out to us at 215-579-5601 for help with keeping your money in shape and preparing for your financial future.

As always, if you have any life changes or updates (i.e., new job, promotion, marriage, new baby, new grandchild, etc.) please contact us as that may affect your current insurance and investing strategy.

Stacy Brilliant, Chief Operating Officer