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6 Tips To Financially Prepare For 2022

05 Jan 2022 by Roberto Lopez in Advice, Business, Career, Fame, Finance, General, Home, Money, Pleasure, Power

2022 may be an expensive year. A lower-than-expected tax return coupled with rising costs is a recipe for debt. However, with planning, you can make 2022 your best year. SaverLife Coach, Tania Brown offers advice on how to plan for 2022.

Here are Brown’s six best 2022 Financial Preparing Tips.

  1. You need to prepare for a possibly smaller than average refund AND save more of the refund than anticipated.
  2. The upcoming tax season may be busier than average with all the tax changes, so tax returns may take longer to process.
  3. Look at your current spending to see where you can cut back to handle surprise increases like a higher-than-expected rent increase. Create opportunities for you to save more.
  4. Adjust your budget for things like groceries and gas to accommodate higher costs and ways to save wherever you can.
  5. If you’re hoping to buy a home next year, reset your expectations and realize it may take longer than average or plan for a higher expense.
  6. Recognize you have value and worth, and if your current employer isn’t paying you enough, maybe it’s time to find a new employer who will pay you more!

Ultimately, your best defense against some of the 2022 trends is to create a lifestyle of savings. With the cost of just about everything rising, your savings will be the buffer you need to stay on track financially in 2022.

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Roberto Lopez

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