Financial Steps To Take Now To Set Yourself Up For A Productive 2019

By Amy Ng, Associate Wealth Manager

A personal financial review may not be near the top of anyone’s favorite fall activities, but putting effort into one right now can help you understand exactly where you stand financially, and set you up for a prosperous and less stressful New Year. Here are five simple things you should work on before the ball drops in Times Square:

  1. Set your holiday gift budget limit

    The holidays can be a stressful time for many of us who feel obligated to buy gifts for loved ones.  A great way to avoid this stressor is to set your budget for gifts early on and start saving as soon as possible. Saving early in the fall can help you avoid the stress of putting all your gifts on credit and starting the New Year with a large credit card bill.  If you’re finding yourself faced with a tight budget, you may need to review your current spending habits and pinpoint areas to cut back on in order to free up funds for gifts. 

    At Echo Wealth Management, we always advise our clients to factor “Gifts and Charitable Donations” into their annual expenses to reduce the occurrence of stress during gift giving seasons. 
  2. Do a credit check
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