A Year End Financial Review inspired by Beyoncé's Renaissance World Tour Film
As we approach the final curtain call in 2023, it's time to give your finances a standing ovation with a touch of Beyoncé magic. While Queen Bey's Renaissance Tour Film is undoubtedly a must-watch, let's add a financial twist to your year-end routine. I may not be a Certified Public Accountant, but just like Beyoncé dominates the stage, I've got over 12 years of personal finance experience to share. Every Friday - I dance to a Beyonce-inspired playlist. I've been doing this since 2017; it's how I end my week. So I thought, why not combine my love for personal finance and Beyoncé?
Here are 12 items to review as you play Virgo's Groove heading into 2024. (These songs may not be appropriate for children to listen to; please use caution for sharing)
🎤 1. "Summer Renaissance" - Spending Review Start by channeling your inner Beyonce and checking your spending. What was your average spending for the year? Dive into your debit and credit card statements to uncover patterns and areas that need a little financial TLC.
💡 2. "Heated" - Insurance Policies - Sometimes you have to say Move Out the Way to insurance policies that won't keep piling on the charges! Whether it's homeowners, car, or renter's insurance, it's time to assess if you need an upgrade or a downgrade. Shop for the best deals and ensure you get the coverage you deserve.
💰 3. "I'm That Girl" - Retirement Accounts Are your retirement accounts as fierce as Beyoncé on stage? Review them to ensure they're funded to your desired levels. Did you max them out, or is there room for some diva domination in your contributions?
🚫 4. "Irreplaceable" - Unused Subscriptions Say goodbye to anything holding you back. Update or end any unused subscriptions that are draining your funds. Your financial playlist deserves only the hits!
🔥 5. "Run the World (Girls)" - Debt-Free Anthem Channel the energy of "Run the World (Girls)" to slay your debt. If possible, specify any outstanding balances before the new year kicks in. It's time to be the financial queen that you are!
💳 6. "Green Light" - FSA/HSA Check Hit the "Green Light" on your FSA/HSA. Ensure you've utilized these financial tools to the max. Don't leave any money on the table – let those funds work for you.
📚 7. "Shinin'" - Scholarships and Grants If you're in school, it's time to submit those scholarship applications for 2024. Let Beyoncé's " Shinin' " anthem guide you as you pave the way for a brighter financial future.
📜 8. "Formation" - Beneficiary Assignments Get in formation and assign beneficiaries to your life insurance policies, bank accounts, and investment accounts. Ensure that your financial legacy is as flawlessly organized as a Beyoncé performance.
💡 9. "Cozy" - Emergency Fund Check Ensure your emergency fund is nice and cozy to prepare for an emergency. Review and adjust your emergency fund to cover at least three to six months' living expenses. Emergency funds should be at least 3-6 months of expenses.
💼 10. "Upgrade U" - Career Advancement Goals Channel the spirit of "Upgrade U" to evaluate your career goals. Are there certifications or courses that can boost your professional value in 2024? Maybe an old supervisor who can write a recommendation letter. Check on your I Love Me Folder.
🏡 11. "Homecoming" - Real Estate Assessment Your financial empire might include real estate. Evaluate your property values, and mortgage rates, and consider whether it's time for a homecoming or a new venture in the real estate game.
12. Give - Have any extra moments or income lying around? Increase your charitable contributions to your religious organizations, alma mater, youth organization, etc.
There you have it – your extended Beyoncé-inspired financial checklist to slay the game in 2023. Grab your financial crown, increase the volume, and let the Queen's tunes guide you to economic greatness!
Now dance to financial success. Need help or want a financial check-up let’s chat! Book time to discuss how we can apply some energy toward your finances for 2024: Book Today!