Look over your finances and set yourself up to close the year strong
The end of summer is often associated with shorter days, cooler temperatures and going back to school. The changing seasons also presents an opportunity to check up on your finances to help set yourself up to close the year strong and start 2024 on firmer financial footing.
On the flip side, American workers have experienced more significant wage growth over the past year than they have in recent history, with the most recent data from the Bureau of Labor Statistics showing a 4.6% increase from June 2022 to June 2023. Updating your budget with your current earnings and expenses can provide you with a quick sense of your ability to save money or, alternatively, identify areas where you may want to consider reducing spending to help balance your budget.As of Sept.
If you’ve sold stock at a profit at any point this year, you may be able to offset some of those gains, and the tax you’ll be charged on them, by selling stocks you’re holding at a loss before the end of the year.
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