Planning the finances for a new year is a task many put off, because it sounds daunting and time-consuming. But one financial expert says it doesn’t have to be that scary, and it doesn’t need to take that long.<\/p>\n
Mapping out a financial plan for the new year is a task many put off, because it sounds daunting and time-consuming. But one financial expert said it doesn\u2019t have to be that scary, and it doesn\u2019t need to take that long.<\/p>\n
\u201cI wish our listeners would just take an hour or two to set aside time and hire yourself to dive into your finances,\u201d said Barry Glassman, founder and president of Glassman Wealth Services.<\/p>\n
Within the hour or so that\u2019s set aside, Glassman said the time can easily be used to establish automated payment schedules and savings allocations.<\/p>\n
\u201cSo let\u2019s say you wanted to build up a cash reserve, you want to set aside money to buy a house. Take a look at your 401(k) holding,\u201d Glassman said. \u201cMake sure you\u2019re getting the match, those kinds of things. Set those things up automatically in January.\u201d<\/p>\n
Reviewing credit card statements is also key, Glassman said, as many include summaries that lay out specifically how funds are being spent.<\/p>\n
\u201cIf you see where your money went last year, nine times out of 10 you\u2019ll likely reprioritize where you want to spend in 2026,\u201d he said. \u201cIf you\u2019re sharing expenses with a loved one or a roommate, go through those expenses and have an open conversation. Is this where we want our money to go in 2026?\u201d<\/p>\n
It\u2019s also worth prioritizing investment interests for the year, and figuring out the dollar amount that will go toward the rainy day fund. Glassman said even five bucks a week can go a long way over time.<\/p>\n
\u201cA lot of people are overwhelmed with, \u2018I don\u2019t know how to start saving,’\u201d Glassman said. \u201cStart small. If it\u2019s $10, if it\u2019s $100, it doesn\u2019t matter.\u201d<\/p>\n
When it comes to useful financial planning tools, AI chatbots can also be used to help identify best ways to save and plan, according to Glassman.<\/p>\n","protected":false},"excerpt":{"rendered":"Planning the finances for a new year is a task many put off, because it sounds daunting and…\n","protected":false},"author":2,"featured_media":674264,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[205054,51,34995,474,3781,205055,205056,1232,2499,135478,16,15],"class_list":{"0":"post-674263","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-barry-glassman","9":"tag-business","10":"tag-business-finance","11":"tag-finance","12":"tag-finances","13":"tag-glassman-wealth-services","14":"tag-ian-crawford","15":"tag-money","16":"tag-personal-finance","17":"tag-tools","18":"tag-uk","19":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115839471636197537","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/674263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=674263"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/674263\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/674264"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=674263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=674263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=674263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}