Money Moves Women Should Make in Fall 2024
Fall 2024 is here, and it’s not just about cozy sweaters and pumpkin spice everything—it's about making those money moves to set yourself up for a fabulous new year. As the leaves change, it’s time to switch up your financial game and make some smart, savvy decisions that will have you thriving in 2024. Here’s your go-to guide for bossing up your finances this fall.
1. Give Your Budget a Fall Makeover
Your budget could probably use a little refresh, right? With the holidays around the corner, it's time to take a good look at your spending and make sure it’s in line with your goals. Find those sneaky subscriptions you don’t use and redirect that cash into something that matters—like savings or investments. And hey, maybe set a holiday budget now so you can actually enjoy the season without stressing over your bank balance.
Quick Hack: Budgeting apps like YNAB (You Need a Budget) or Mint are like having a personal finance BFF in your pocket.
2. Pump Up Your Retirement Contributions
Let’s talk future you. Make sure you’re doing everything you can to set yourself up for a cushy retirement. Fall is the perfect time to max out those 401(k) and IRA contributions. If your employer is offering a match, you better believe you want to grab that—it’s like finding money in your couch cushions.
Next Move: If you’re not maxed out yet, crank up those contributions before the year ends and watch your future self thank you later.
3. Check Your Investment Vibe
The market has been a rollercoaster, so it's time to check if your investments are still in line with your goals. Maybe it's time to balance things out, or maybe you want to dive into some hot sectors like clean energy or AI. Whatever your vibe, make sure your portfolio is looking as good as your fall wardrobe.
Hot Tip: Tech stocks are still sizzling, and clean energy is on the rise—might be worth a second look.
4. Be a Tax Season Ninja
Sure, tax season is still months away, but being ahead of the game never hurt anyone. Take a look at your current tax situation and figure out how to make it work for you. Maybe it's time for some charitable donations or selling off those investments that haven’t been pulling their weight.
Pro Move: Start organizing now, so you’re not stuck searching for receipts in April.
5. Level Up Your Emergency Fund
Fall is all about being cozy, and nothing feels cozier than knowing your emergency fund is solid. Unexpected stuff happens—car troubles, home repairs, surprise medical bills. Make sure you’ve got at least three to six months of expenses stashed away so you can handle whatever comes your way.
Why It’s Essential: An emergency fund is like your financial safety blanket. Don’t leave home without it.
6. Book Some Face Time with a Financial Pro
If 2024 has been a year of big changes for you—like a new job, a baby, or getting hitched—fall is the time to sit down with a financial planner. They’ll help you map out your financial goals and make sure you’re on the right path. It’s like getting a personal trainer, but for your money.
Key Takeaway: A financial planner can help you make moves with confidence, knowing you’ve got a plan tailored just for you. Plus, you can schedule a free consultation with NewFund Investments here. It’s the perfect way to get started!
7. Invest in Your Personal Growth
You’re your own best asset, so why not invest in yourself? Whether it’s picking up a new skill, diving into a course, or just getting your hands on some killer books, fall is the time to level up your knowledge and boost your earning potential.
Reading List: Grab “The Psychology of Money” by Morgan Housel or “You Are a Badass at Making Money” by Jen Sincero for some serious money motivation.
8. Plan Your Holiday Spending Like a Pro
The holidays are a blast, but they can also be a budget-buster if you’re not careful. Get ahead of it by planning your holiday spending now. Set a budget for gifts, travel, and all the fun stuff. Look for deals early and maybe even start a dedicated holiday savings account to keep everything on track.
Savvy Tip: A high-yield savings account for holiday expenses means your money is working for you, even while you shop.
Fall is the season of change, and there’s no better time to get your financial house in order. From giving your budget a facelift to maxing out retirement contributions, the moves you make now will set you up for a stellar 2025.