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When it comes to an end-of-year financial checklist, GOBankingRates asked some experts for what to focus on.
Here are three tips for this generation to close out 2024, according to experts.
Maximize Your Retirement Contributions
I know, I know, retirement seems like light years away.
Many millennials have been in their career for over a decade at this point.
Not doing this is like leaving free money on the table.
Even increasing your contribution by 1% can make a big difference over time, Kleeman added.
Look for ways to speed up your repayments, Kleeman advised.
Can you refinance your loans at a lower interest rate?
When you carrycredit card debt, you end up paying much more in the long run, Henry added.
Review Your Financial Goals
Life changes and your financial goals will change too, explained Kleeman.
The key to meeting your money goals isconsistency and trackingprogress, according to Henry.
Before the end of the year, ask yourself if you met your 2024 goals.
Sit down and review what you accomplished this year, Kleeman suggested.
Then, set clear and achievable goals for the coming year.
Break them down into small steps and youll feel like you have a lot more control.
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