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Overview
3 Ways to Improve Your Finances in March
With spring not too far ahead, what better time to do a little spring cleaning on your finances? A little financial TLC right now can set you on a good path as we approach the new month. Here are three ways to improve your finances in March.
- Get ready for Tax Day
Tax Day is April 18 this year, so it’s time to buckle down and get your tax prep in order (if you haven’t already done so). The rules for tax filing can be a bit of a minefield, so it’s understandable if you want to rely on the help of a pro. First, however, prepare for your tax appointment to ensure the process goes as smoothly as possible. You can do this by gathering all relevant forms and documents (including W-2s, 1099s and 1098s) and arriving ready to discuss recent expenses that might qualify you for a tax break. - Check up on your financial wellness
You know the importance of wellness as it applies to your physical and mental well-being. But did you know that it can also apply to your finances? “Financial wellness” can be as granular as checking your credit score or ensuring your expenses don’t exceed your take-home pay. It can also involve more big-picture thinking, like planning for the unknown with a well-stocked emergency fund and insurance coverage. - Finalize spring break travel plans
Financial wellness isn’t just about saving. It’s also about knowing that you’re doing the right things for your future, so you don’t feel guilty about spending today. Finalize your spring travel plans and treat yourself and your family to a well-deserved getaway. Consider it an investment in yourself to fill your soul with wealth. At the same time, it’s not too early to start planning a summer getaway instead.
Reference
https://www.northwesternmutual.com/life-and-money/5-ways-to-improve-your-finances-in-march/. - Get ready for Tax Day