End of Year Money Review

By Jasmine Kelly

You may be tired of hearing this as I am but yes, we are in the “Last Quarter” of 2021. Before we head into 2022, sis we have some business to tend to concern money. It is important to reassess your finances. 

I may sound like a commercial but two weeks ago, I saved myself some money by simply calling my auto insurance and inquiring about the amount of my monthly bill. That gesture alone knocked $30 off my bill. To say the least, I was on a roll. That is when I started to look at other areas of my life to save money. Here are some tips for you to implement as well.

Cancel Subscriptions- Use it or lose it! Yes, cancel any paid services that you have not been utilizing. That includes gym memberships, unfortunately. If you have not used certain things in at least two months, let it go. 

Sell- Take inventory of your personal items. What are you wearing? What have you not worn? What will you never wear? Items that you no longer see yourself in, sell them online. 

Social Budget- The holiday season always brings about an influx of social gatherings (unfortunately even with Covid) that costs money. Set a limit on the amount of money that you will spend on gifts and various outings. If you must go out, choose frugal places. And/or decide what you will spend money on. Perhaps if you decide to go to the movies, you will bring your snacks with you. It’s all about choices.

Check Your Credit Report- The whole idea of credit sucks but since the idea of it exists, you want to make sure you are in good standing. You get three free credit reports each year with the major credit agencies. Check the status of yours right now so that you can head into the new year informed.

Jasmine Kelly is a contributing writer for the Pedestal Project, LLC. Jasmine is a higher education professional who believes in the powers of Black Twitter. You can follow her on Instagram @chicomydusty.

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