Want to overhaul your personal budget in the final months of 2024 and get a jumpstart on 2025? It’s about time for a quarterly review!
Break Your Budget Founder Michela Allocca joins Brad Smith on Wealth to talk about methods to track and adjust spending habits to meet savings goals.
“The first is to make sure that you are tracking and updating all of your numbers. This gives us a baseline snapshot of where you’re standing with your finances at this point in time, especially as we are in Q4,” Allocca says. “So the holidays are coming up. It’s generally the spendiest season of the year.”
This helps savers rethink how committed they are — overcommitted or undercommitted — to their financial benchmarks.
The Own Your Money and Own Your Career author lays out how to properly categorize essential and non-essential expenditures. As the holiday shopping season is right around the corner, Alloca itemizes who she will be buying gifts for while considering future travel plans to find early deals on flights and bookings.
