The 9 Steps to Take to Make 2019 Your Best Financial Year Ever

New Year's is a day of renewal -- the perfect time to create the kind of personal resolutions meant to improve your life. In other words, the perfect day to review your personal financial situation.

A yearly accounting of your finances should be a routine for everyone, but it isn't for most.

If that describes you, start at the top of this list of nine steps to getting your financial house in order, and work your way through each item. If you're already well organized, feel free to skip down the list until something catches your eye.

1. Create a balance sheet.

This first step is simple: Just make a list of all your assets and liabilities. This process helps shore up a financial house because it shows

You're reading a preview, sign up to read more.

More from Kiplinger

Kiplinger6 min read
Live Like a Local When Traveling Abroad
Many retirees dream of living like a local in a distant country: speaking a foreign language; living in a cozy house or apartment rather than out of a suitcase, and hanging out with neighbors at local cafes and restaurants. There are multiple ways to
Kiplinger10 min read
11 Best Tech Stocks for the New Coronavirus Norm
The COVID-19 coronavirus pandemic has been a disaster for the stock markets. While all sectors have suffered record losses, some have been particularly hard-hit and face an uphill climb to recover. For example, investments in airlines, cruise lines a
Kiplinger2 min read
The Best- and Worst-Case Forecasts for This Coronavirus Recession
A brutal recession is upon us as the effects of the public health crisis ripple across industries. The best realistic scenario we can imagine: A GDP decline for the year of 4%, worse than the Great Recession. That assumes a relaxation of the various