I know, I know. It’s only November, and you are not ready for the year to end, and you certainly are not ready to think about next year. Unfortunately for you, there are some things that you should do your best to take care of before the end of the year so you are ready to make 2026 the best year yet. Lucky for you, it’s my job to remind you what they are.
let’s get started
1. Make and Review Your Budget
Before the end of the year, you need to have a written budget in place. There are many budgeting methods you can use to decide how to spend your money, but the overall premise is the same: know how much you have coming in, how much money is going out, and how much money you are saving.
If you already have a budget, then now is the time to review it. Is it working for you? What is not working for you?
2. Review Health Insurance
If you live in the USA, your health insurance and medical bills are probably among your biggest expenses. The Health Insurance Marketplace Open Enrollment Period on HealthCare.gov runs from November 1 to January 15. Consumers who select a plan by midnight December 15 (5 a.m. EST on December 16) can get full-year coverage that starts January 1, 2025.
That means that now is the perfect time to make sure that your health insurance is adequate for your needs and that your renewal plan works for you.
3. Go to the Doctor
Speaking of health insurance, if your plan ends at the end of the year, take advantage of any unclaimed benefits you may have (especially if your insurance next year will be worse). If you haven’t had your free annual wellness check, then do that now. If you get a free eye exam, then do that now. If you have maxed out your deductible, then make sure to get all the checks you need now.
4. Start Your Emergency Fund
If you don’t have an emergency fund, then you need to start one now. Before 2026, you should have an account earmarked for emergencies and actively depositing money into it. A good goal to start with is $1,000, and then try to save 3-6 months’ expenses.
If you need help getting started, then join the $1,000 Savings Challenge today.
5. Start Saving for Retirement
Retirement and old age will come whether you are ready or not. You need to start saving money for retirement as early as possible. Even saving just $5 a month will have a large impact on any savings you might have. Start as soon as you can and be consistent, even if it is small.
