Tips to get your finances in order

Posted at 9:40 AM, Jul 22, 2020
and last updated 2020-07-22 09:40:05-04

NEW YORK — Do you need help getting your money straightened out?

Personal Finance Expert Galia Gichon shows top action items to get finances in order.

Look at your cashflow: Finances have changed, especially during the coronavirus pandemic. Look at your cashflow in just three months. See what’s coming in, what is being spent and how much extra money you need at the end of the three months.

Clean up your retirement plan: Chances are you have 401ks at old jobs or multiple IRAs. Pick one place to consolidate all these plans and keep investing in your retirement.

Update your will: Most haven't updated their wills since getting married or when a first child was born. Maybe health directives have changed or you want a new guardian for your children.

Talk about money with friends: Talk about money with friends and family — not to complain, but what you want to aspire to.

Cut back on expenses: Look at your subscriptions, cell phone plans, insurance policies and your purchases. Cut back on things you don’t need or use as often.

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