As we approach the end of 2024 and the beginning of 2025, it’s important to focus on managing our finances. With only four months left in the year, now is the time to evaluate our current financial situation and make any needed changes or plans to set the stage for a successful start in the new year.
Check out my latest video on the Mid-Year Money Reset! I encourage you to watch it for a more detailed, step-by-step approach to the process.
Today, allow me to share my money must-dos before 2024 ends:
Publish new blog posts
In my 2023 Side Hustle Income Report, I outlined my goal to revive my blog in 2024 by consistently posting engaging content. While there’s still much work to be done, I’ve devised a plan for the type of posts I want to share and I’m optimistic about successfully creating them for the remainder of the year.
This year, I have already published six posts, which is a significant increase compared to 2023 when I only managed to publish two. Here are the posts I did:
How to Create Multiple Sources of Income
10 Different Investment Vehicles and How Each Work
24 Things You Can Do to Improve Your Finances
Cha-Ching’s One Million Philippines Press Release
2023 Side Hustle Income Report Philippines
Upload 2-3 YouTube videos every month
I’m proud of my YouTube journey in 2024 because I have been consistently uploading videos since the beginning of the year. Additionally, I have thoroughly enjoyed creating various content this year, including monthly reset routines, monthly vlogs, and travel videos. Each video has allowed me to express my creativity and share unique experiences with the others.
Create and schedule social media posts in advance
Managing social media as a content creator can be quite challenging, but it’s an essential part of increasing your online presence. I used to plan my social media content in advance, but juggling work commitments has made it difficult to keep up with. I plan to resume planning and scheduling content well in advance, aiming to prepare as much ahead as possible. Even if it’s just for a day, I will be satisfied with that.
Rebuild my travel fund
After enjoying several trips this year, I’ve used up my travel fund and now it’s time to begin saving again. I have a trip planned for October to visit my parents in the province, and after that, I don’t foresee any more travel opportunities. This presents a great chance for me to replenish my emergency fund to cover at least one month of my income.
Related reads:
Emergency Fund – What, Why, and How
11 Ways to Build an Emergency Fund from Scratch
Why an Emergency Fund Should Be in Your Must-Haves and 6 Ways to Build One
Follow my savings and investment schedule
In my 2024 Mid-Year Money Reset, I noted that my current investments are performing alright. My primary focus now is to maintain consistency in following my savings and investment schedule. An effective solution in this area would be to automate the process entirely, leaving no room for second-guessing when it comes to allocation.
Keep and follow monthly budget
I’ll be honest I haven’t been budgeting as strictly in 2024. I think I am doing a no-budget budget method which you can learn more in this post.
The no-budget budget focuses on two things:
- Your income
- Your fixed expenses
This budgeting plan offers flexibility, but it’s only effective if your income exceeds your expenses and you have the discipline to avoid overspending. I’ve been successfully using the no-budget budget, but I’m planning to develop a digital budget next year that I can share with others. I aim to create a template, test it out, and see how it performs.
Track my expenses daily
Finally, I’m committed to closely monitoring my expenses. I’ve found a helpful app for this purpose, which allows me to easily input and categorize my expenses. Now all I have to do is consistently use it.
Final Notes from SavingsPinay
That’s it for my end-of-year finances to do list. Year-end financial planning can be a daunting task but all you have to do is get started. Review the financial goals you’ve set before the year began, assess your progress so far, set new goals, and don’t forget to break down your goals to tasks you can commit.