Now, work on creating a household budget that lets you save more — even 1 percent more can make a big difference. Your saving priorities shift over time, so it's important to revisit them every so often.
As you consider how to save more, revisit (or create) your retirement savings plan, no matter how far away you think you may be. And prepare yourself, mentally, for popping market bubbles. We haven't had one in a while, so we're due.
If you are working with a financial adviser and weighing your current investments or considering new investments, make sure you get answers to these 21 questions so you understand how much money you are making from your investments, and the different ways you are making it.
Keep in mind as you go through your to-do list that your personal finance choices will involve trade-offs nearly every day, whether you realize it or not. So now is as good a time as any to look over your credit and debit card statements and ask yourself this: Do you feel good about the choices you're making? Or would spending less — or more — on certain things in the next year possibly make you happier?
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This article originally appeared in The New York Times.
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