March 26, 2024

The holidays are coming to a close, and for some, that means working through holiday credit card debt. Going into a new year with new debt or depleted savings can be stressful, so let the new year be a time for new financial goals.

The ongoing COVID-19 pandemic leaves consumers reassessing future goals, retirement timelines and setting new spending habits. On top of holiday financial stress, several federal financial programs are ending in 2022, and employment opportunities can be uncertain. As consumers prepare for the new year, having a stable financial plan may become a necessity to meet day-to-day needs.

Starting a realistic and achievable budget can be a great first step in taking control of personal finances. Creating a written budget and tracking spending is one of the best ways to stop spending more than what is earned.

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