Money Matters: End of Year Personal Finance Checklist

As the year wraps up, it’s natural to think about your goals — professionally, personally, and financially. With more than three in four Americans (77%) anxious about their financial situations, many are ready to head into the new year with new found freedom. 

 

With decades of experience - financial and personal finance expert, Jeff Rocha, at Direct Federal Credit Union, a Massachusetts based credit union, has the end of year tips your audience to start 2023 off right:

 

END OF THE YEAR PERSONAL FINANCE CHECKLIST

> MAKE YOUR MONEY WORK FOR YOU

If you have funds sitting in low interest accounts, it’s time to seek options to increase on your return.

> MAKE A DEBT PLAN

If you have outstanding debt, perhaps this year is the right time to make a plan to pay it off.

> KILL UNUSED SERVICES & SUBSCRIPTIONS 

Take a look at services such as cable or monthly subscriptions and cancel anything you are not using. 

> REVIEW YOUR BENEFICIARY 

Add a beneficiary or review your accounts to ensure your assets go where you intend. 

> NEW YEAR CLEANING

Sort through your house for items you no longer use, and either donate for a tax reduction, or sell for extra cash!

> CREATE A SPENDING PLAN

After reviewing your holistic financial spending, create a realistic monthly budget for your finances. 

 

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Jeff Rocha SVP, Chief Financial Officer - Fiercely passionate about maximizing the long-term financial vitality of Direct and its Members, Jeff serves as Chief Financial Officer overseeing accounting and finance, investments, audits both external and internal, budgeting, asset/liability management, bank secrecy and corporate facilities. Jeff has been with Direct for 15 years. Prior to joining the credit union, Jeff served as CFO of another credit union, having previously provided audit services in the industry. Jeff is available virtually or over email/phone. He is able to speak about the banking industry, interest rate market, and general financial/economic questions.