How to organize your finances for the New Year?

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New Year's Eve is coming and many people still haven't planned their finances for this date. Despite what everyone thinks, it is possible to get organized even at the last minute and doing so is essential to avoid entering 2024 with debts to pay off. 

So, check out the best tips for organizing your finances and still having fun this holiday season. 

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How to organize your finances for the New Year?

As we approach the New Year, it’s a great time to reflect on your financial goals and make plans not only for the holiday, but also for more effective money management in the months to come. Here are some tips: 

Make a financial statement

Before you plan your New Year’s holiday, take a careful look at your current finances. So, take a look at your expenses, debts, and investments before making any purchases. 

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Create a realistic budget

Develop a realistic budget that reflects your goals. Even though this is a time of fun, travel, and celebration, it is important to act within your financial means, so don't overspend. 

Try to split the expenses 

This is a great strategy for the end of the year, since everything is more expensive. So, if you decide to travel, for example, go with friends and family and split the costs of rent, fuel and food. 

Mileage programs are a good strategy for the New Year

It is important, at this time of year, to have a good mileage program. This is because they offer discounted tickets and other benefits such as:

  • Car rental;
  • Hosting;
  • Preferential boarding.

Another good tip is to keep an eye on ticket prices so you can buy them at the most opportune time. Also, don't forget to arrive at the most affordable destination for your budget. 

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