One focused hour each January can save you hundreds over the year. This checklist walks you through the money tasks worth doing once a year: checking rates, rebalancing, auditing fees, and resetting goals.
What is on the checklist
- Compare your savings account rate against the best available and switch if yours lags
- Rebalance your investments back to your target allocation
- Audit account and fund fees that quietly eat returns
- Review insurance coverage and shop renewals
- Reset savings goals and contribution amounts for the new year
How to use it
- Make a copy from the link below.
- Block one hour on your calendar in early January.
- Work down the list and note what you changed.
- Set a reminder to repeat it next year.
The highest-value task
For most people, moving idle cash to a high-yield savings account is the fastest win on the list. Rates differ enough that the same balance can earn many times more in the right account, with no extra risk.