Economics Guide

From Morgan Stanley - Outlines how you can assess your budget, debt and investments—and check them against your financial goals. Key takeaways:

Revisiting your finances at the beginning of the year can allow you to establish a clear plan and meet your long-term financial goals.
Useful strategies include reviewing your budget, checking on your emergency fund and consolidating debt.
It can be helpful to check whether you’re tracking toward other goals, such as saving for retirement.
The new year can also be a good time to update your estate and insurance plans.