facebookFinancial Checklist: What to do in 2022
06.01.2022

Financial Checklist: What to do in 2022

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The holidays are over!

After all the huff and puff with all the meal preps and reunions, you definitely need to sit back and take a breather.

But don’t forget to check your finances in the aftermath of our holiday spending.

This is the best time to do so, considering that it’s the beginning of the year and it sets your budget for the rest of the year.

So here are 5 things that you definitely need to do for your Financial Check.

#1. CHECK ACCOUNT TRANSACTION HISTORY

This is one important step after any major holiday.

Why?

Online phishing and scams can be very creative and they always ride on the festive season to get to your finances.

Check your transaction history from November to December 2021 to make sure that all transactions are correct and nothing is out of place.

If you find anything suspicious in your transactions, or you’re just not sure, call your bank as soon as possible and make clarifications. Report any suspicious activities as soon as possible.

ALSO READ: Online Shopping Scams 2021. What are they and how do we avoid them?

#2. REVIEW LOAN REPAYMENT SCHEDULES

If you took out a loan during the holidays, be mindful of your repayment schedules so you adjust your budget accordingly and avoid late charges.

#3. CHECK YOUR SAVINGS AND EMERGENCY FUNDS

This is an important step, especially after the holiday season.

Check how much you still have left in your accounts if you touched your savings and your emergency funds during the holiday splurge.

This way, you can determine how much you need to set aside monthly to replenish your savings and emergency funds.

You would also be able to know how long you need to do this and how much income you need to make to realistically achieve your savings and emergency funds goals.

Make sure that all withdrawals and cash-ins are accounted for. If there’s anything out of the ordinary, contact your bank immediately.

#4. CHECK YOUR MONTHLY BUDGET

Once you’ve determined your savings goals and what you need to repay (in terms of loan), you can now include your regular monthly expenses like food, utilities, and other bills.

Kaya pa ba???

ALSO READ: 5 USEFUL TIPS TO STRETCH YOUR BUDGET THIS PANDEMIC

#5. REVIEW YOUR INCOME

Don’t panic, we've all been there.

Sometimes, you realize that what you make on a monthly basis is just not enough to cover the basics, let alone things you want to reward yourself for hard work.

So it’s time to take a closer look at how much you earn monthly, if it’s enough and what other options you have to increase income from different sources.

How would UnaPay Salary Loan help you?

If you have more debt than your income, you may want to consider debt consolidation where you take a loan to cover all your debts and choose payment options that would be lighter on your monthly budget.

UnaPay Salary Loans allows employees of our partner companies to borrow up to 100,000php payable in easy and hassle-free 12 installments.

Interested? Drop your HR’s contact details so we can offer Salary Loans to your company

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