{"id":2660,"date":"2023-01-12T11:27:17","date_gmt":"2023-01-12T15:27:17","guid":{"rendered":"http:\/\/www.adamsmithnow.com\/?p=2660"},"modified":"2023-05-14T11:40:12","modified_gmt":"2023-05-14T15:40:12","slug":"2660","status":"publish","type":"post","link":"http:\/\/www.adamsmithnow.com\/index.php\/2023\/01\/12\/2660\/","title":{"rendered":"Spending and Saving Strategies for 2023"},"content":{"rendered":"
\"Spending<\/div>\n
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(NewsUSA)<\/a>\"\"\u00a0– The past few years have upended many perceptions of financial stability. A layoff or career change, inflation never before seen by younger generations and the lingering uncertainty of the pandemic might have thrown off your financial planning.<\/div>\n
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The new year is a great time to review your strategies for smart spending and saving so you can weather whatever the future has in store.<\/p>\n

Financial planning professionals suggest that you start by\u00a0<\/span>creating a budget<\/a>. Online trackers such as Mint.com can help you understand your spending. Also, reviewing your expenses with a\u00a0<\/span>CERTIFIED FINANCIAL PLANNER\u2122 professional<\/span><\/a>\u00a0is a great way to get a handle on spending smart today while saving for tomorrow.<\/span><\/p>\n

Try these tips for saving and spending in 2023:<\/span><\/p>\n

Use credit responsibly:<\/strong><\/span>\u00a0Pay off\u00a0<\/span>credit cards<\/span><\/a>\u00a0each month, if possible, to avoid accumulating debt and build good credit.<\/span><\/p>\n

Set up automatic savings:<\/strong><\/span>\u00a0You can do this through your bank and via your employer\u2019s payroll. Use the new year to take a fresh look at the savings options through your employer, including\u00a0<\/span>Health Savings Accounts (HSAs)<\/a>, which can be carried over from one year to the next.<\/span><\/p>\n

Invest windfalls<\/strong><\/span>: Invest any unexpected cash, such as bonuses or tax refunds, and make your money work harder for you. If you find yourself with significant new assets, such as\u00a0<\/span>an inheritance<\/span><\/a>, a CFP<\/span>\u00ae\u00a0professional<\/span>\u00a0can help you make the most of your good fortune.<\/span><\/p>\n

Review your retirement plans:\u00a0<\/strong><\/span>The new year may bring changes such as buying a home, updating a will or navigating a higher tax bracket. A CFP<\/span>\u00ae\u00a0professional can provide a new year review to keep your\u00a0<\/span>retirement plans<\/span><\/a>\u00a0on track no matter where you are in your working life.<\/span><\/p>\n

Plan your tax payments:<\/strong><\/span>\u00a0Consider paying estimated taxes throughout the year to avoid a large tax bill in April. Estimated tax payments can be especially helpful for contract workers or freelancers who don\u2019t have taxes taken out of their pay automatically.<\/span><\/p>\n

Shop smarter:<\/strong><\/span>\u00a0Combat inflation by switching to store brands for some items. Check whether generic medications will work for you and compare prices for different pharmacies.<\/span><\/p>\n

Visit\u00a0<\/span>LetsMakeAPlan.org<\/span><\/a>\u00a0for more information about financial planning and how to find a\u00a0<\/span>CERTIFIED FINANCIAL PLANNER\u2122 professional\u00a0near you.<\/span><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

(NewsUSA)\u00a0– The past few years have upended many perceptions of financial stability. A layoff or career change, inflation never before seen by younger generations and the lingering uncertainty of the pandemic might have thrown off your financial planning. The new year is a great time to review your strategies for smart spending and saving so\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":2662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[15,4],"tags":[],"_links":{"self":[{"href":"http:\/\/www.adamsmithnow.com\/index.php\/wp-json\/wp\/v2\/posts\/2660"}],"collection":[{"href":"http:\/\/www.adamsmithnow.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.adamsmithnow.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.adamsmithnow.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.adamsmithnow.com\/index.php\/wp-json\/wp\/v2\/comments?post=2660"}],"version-history":[{"count":3,"href":"http:\/\/www.adamsmithnow.com\/index.php\/wp-json\/wp\/v2\/posts\/2660\/revisions"}],"predecessor-version":[{"id":2664,"href":"http:\/\/www.adamsmithnow.com\/index.php\/wp-json\/wp\/v2\/posts\/2660\/revisions\/2664"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.adamsmithnow.com\/index.php\/wp-json\/wp\/v2\/media\/2662"}],"wp:attachment":[{"href":"http:\/\/www.adamsmithnow.com\/index.php\/wp-json\/wp\/v2\/media?parent=2660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.adamsmithnow.com\/index.php\/wp-json\/wp\/v2\/categories?post=2660"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.adamsmithnow.com\/index.php\/wp-json\/wp\/v2\/tags?post=2660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}