Don’t overlook the little things
Now that you’re considering ways to optimize your finances, keep in mind that there are certain organizational aspects that often go neglected. According to Lars-Alexander Kuehn, associate professor of finance at Carnegie Mellon University’s Tepper School of Business, here’s what you should pay attention to:
- Look into your auto and life insurance coverage. (It might be a good idea to compare prices to make sure you’re getting the best rate.)
- Review your retirement account and beneficiaries to guarantee things have been arranged in accordance with your wishes.
- Log into your bank and credit card accounts. Install alerts so you’ll be notified whenever there’s any suspicious activity on your account. Apart from tracking your spending, it could prove extremely useful in discovering any unusual charges or withdrawals.
