It's another Money Monday here on TheKristenDiary! I have a few important goals I'd like to tackle this month relating to my money + finances. Tax season is coming to an end soon so it's a good month to cross t's and dot i's with filing taxes, retirement funds, etc. It's also a great time to reevaluate your yearly financial goals + see how things are going! If there's something on your goal list you haven't accomplished yet, look into making it happen this month! Here are a few of mine.
**This post is not intended nor meant to be financial advice. Just sharing my own goals + things that work for me!**
MARCH MONEY TO-DO LIST
- Boost retirement contributions for 2020 - This is my top financial goal for the next month. The cutoff date for 2020 retirement contributions is on tax day, April 15th. I've already funded some of my ROTH IRA for the year, however I plan to max out the $6,000 contribution limit. I still need to transfer over the difference within the next month.
**If you don't have a ROTH IRA, I highly recommend you look into opening one! It's free to open + you can add any amount of money up to $6,000. If you contribute by April 15th, you can also still get credit for the 2020 year!**
- Diversify retirement portfolio - I like to invest in mutual funds within my retirement account. I currently have investments in a few different sectors but I'd like to expand + diversify. It's on my list to research new funds in different sectors + invest in those.
- Fund + invest brokerage account - I finally set up a new individual brokerage (non-retirement) account! This was one of my goals for 2021 (read Money Moves I'm Making in 2021 for more). My main priority is to max out my ROTH first, however I also want to start investing in this account soon. I'm thinking of making a small initial investment this month to just get started! I also haven't decided what I want to invest in yet so I need to do some research on mutual/index funds, stocks, etc.
- List + sell unwanted items - Over the years I've sold some of my old/unwanted things online. I'd like to clean out my closet and get rid of some things I no longer want or wear. This is a great way to make more room in your space + also make a little bit of money!
That's a wrap! I've been really into sharing + talking more about money and finances on the blog. I think it's a great way to share information + learn how to improve. Let me know if you like these? Also if you have any topics + or ideas you'd like me to share feel free to comment below or message me on IG! You can find me @TheKristenDiary :)
Have a great week!!
xx,
Kristen
