There is no question that 2020 has been one of the most challenging years that most of us have ever experienced. The difficulties presented by the COVID-19 health crisis have affected nearly everyone in some way. It is completely understandable that you might be anxiously awaiting the new beginnings of 2021. Maybe this year will be the year that you make the career move you have been wanting, or perhaps you have decided to finally pay off all of your credit cards. Before you look ahead, however, there are some things you can do now to end the year well and set yourself up for success in 2021.

Analyze Your Current Budget

A comprehensive budget is the cornerstone of a family’s financial health. In fact, when you enlist the help of The Page Law Firm regarding your debt and bankruptcy concerns, we will help you develop a budget before you take any other steps. It is important to be fully aware of your monthly income and expenses and to see how they have changed during the last year. By doing so, you may be able to eliminate unnecessary expenditures and find opportunities for saving money as the new year approaches.

Prepare for Uncertainty

There is no way to know what the job market will look like in 2021. The effects of this year’s health crisis are likely to continue well into the new year, which will absolutely affect hiring and retention in almost every industry. If your family’s financial goals are dependent on you finding a new job next year, you should have a contingency plan in place—just in case you are not able to find anything new for a while.