. Improving Your Financial Health in 2021 Was 2020 the year you finally got fed up with how you thought about your money? Have you always felt like your money was controlling you instead of the other way around? Well, now is the time to make a change. Let’s make 2021 better together.Do a Financial Check-inLook at all your accounts and itemize all your assets (what you own) and liabilities (what you owe). Identify areas of your budget where you could be more disciplined and spend less.Start SavingTake advantage of 401k matches through your job. Start saving for bigger expenses like a house, car, or future college fund. Set up automatic transfers from your checking account to your savings account to make sure not one paycheck goes by without paying yourself first.Build and Maintain Your Emergency FundThe general rule for your emergency savings is about three months of your regular pay. Having a nest egg will give you confidence when times are tough.Pay Off Your Credit CardPay off your credit card every month to avoid becoming overwhelmed with debt.Keep Track of Your CreditCheck your credit report to have an approximate idea of your credit score.Knowing this number can help you take strides in increasing your score, which is so important during this stage in your life.If you’d like to discuss further, please feel free to contact the office at any time. This communication is designed to provide accurate and authoritative information on the subjects covered. It is not however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought. Distributions from traditional employer sponsored retirement plans are taxed as ordinary income and, if taken prior to reaching age 59½, may be subject to an additional 10% IRS tax penalty.