Do you have a financial self-care routine? Just as we have routine habits for our wellbeing, like brushing our teeth and washing our hands, there are also habits we can practice regularly to boost our financial hygiene. NPR’s Life Kit recommends these five: 🔮 Look to the future: Ask yourself where you want to be in three, five or 10 years, then set your financial goals accordingly. 💰 Check in on your investments: Take stock of your investment accounts like 401(k)s, Roth IRAs and brokerage accounts — once a year. 📈 Make sure your savings are growing: If your bank isn’t helping you grow your savings, consider other options. 🧾 Prepare for taxes: Check the tax withholding on your last paystub ahead of time. If you’re self-employed, consider setting up a tax savings account. 💊 Maximize your health insurance: Take the time to review updates to your health insurance plans every year, and look out for open enrollment. |
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