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But you dont have to wait until January to start improving your finances.
In fact, the best time to do this is right now your future self will thank you.
These are some of the top money tricks and habits you might do right now tostart 2025 right.
But youll also want to have a clear reason behind saving to keep you motivated.
Its hard to save just because youre supposed to.
The reason for saving is to reach goals youve set, said Kyle Enright, president of lending atAchieve.
Financial experts tend to recommend having at least three to six months worth of expenses saved.
We deal with a lot of independent contractors.
But if you dont have a separate category for saving, nows a good time to add one.
By doing this, savings becomes a bill you pay yourself.
Many experts recommend saving 10% or more of every paycheck.
Go with 5%, 2% whatever you might consistently handle.
One must make saving money a habit.
If you have a little extra money each month, you could also automate your investments.
Just like with savings, have a certain amount taken from your paycheck and put into an investment fund.
Track Your Expenses
Fixed expenses rarely change, but variable ones can and often do.
Track your expenses day by day, add them up and compare to your budgeted amount, said Enright.
Find out where your money goes and where you’re able to cut back.
It will be different for everyone.
If they offer matching, contribute as much as you’re free to.
Not doing so is like giving money away.
Time is the biggest power to building wealth with interest.
said Gina Knox, CEO and financial coach atGina Knox Coaching.
Two other examples of a portfolio growth tool would be high-yield savings accounts or index funds.
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