The new year calls for annual checkups—not just for you, but for your finances, too. Follow our guide to check the vitals of these eight money matters and find ways you can tone and tighten each.
1. Life insurance
Financial health check: Some view life insurance as a get-it-and-forget-it necessity, but you actually should be evaluating your life insurance policy at least once a year. The key here is to review it after any major life changes, like marriage, having a baby, divorce or loss of a job.
Tone it up: Look at the year ahead. Are you planning to have a baby or a wedding? If so, take steps now to ensure your policy reflects those new circumstances. AAA Life Insurance Company offers life insurance products for all life stages.
2. Debt payments
Financial health check: Start by asking yourself whether your debt went up or down last year. If it decreased, congrats! If it increased, ask yourself why and review the reasons for the extra spending. Understanding fluctuations in your spending may help you pay debt off faster this upcoming year—or avoid more debt altogether.
Tone it up: AAA has a credit card to suit your needs, whether you want to build rewards quickly or you’re looking for a new card with a competitive rate.