These 7 simple ‘financial fitness’ tasks could save you serious coin — and you can get them each done in under an hour
Seven bite-sized financial tasks can revamp your money management in just a week, each taking less than an hour to complete. Start by checking your credit report - a free annual report is yours by law through AnnualCreditReport.com. Review each of your free reports across the three major bureaus, and report any errors immediately.
Consider placing a credit freeze to safeguard your personal data, a process that won't impact your credit score and is free to execute. With savings accounts offering meager returns, think about switching to a high-yield account. If your auto insurance is up for renewal, research alternatives to lock in a better deal. Track your spending on dining out and subscriptions - you may be overpaying without realizing it.
Aim to maximize your 401(k) contribution or open a Roth IRA if you're not covered by an employer plan. Lastly, scrutinize your car insurance policy for potential premium-boosting clauses that can be amended. By addressing these tasks diligently, you'll inch closer to financial wellness within just one week.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.