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Your Year-End Financial Plan Checklist - Part 3

Paul Brown | Nov 17, 2025

You can’t change what you don’t know, which is why awareness is one of keys to financial success. With the year winding down, now is a good time to look back at how you spent your money in 2025. Having at least a reasonable assumption of your average monthly outflow can help you know what to keep in an emergency reserve fund. Here are some key areas to consider:

• Review your 2025 spending patterns. 

Look at your bank and credit card statements to understand where your money went — and whether your spending aligned with your values and goals. You can also use a free software, such as Rocket Money, that can help.

 

• Update your monthly budget for 2026.

Factor in any expected changes such as higher insurance premiums, travel plans, or income adjustments.

 

• Replenish your emergency fund, if needed.

Aim for 3–6 months of essential living expenses (more if your income is variable or you’re retired or self-employed).

 

• Evaluate your cash allocation

Make sure short-term cash isn’t sitting idle — consider high-yield savings, money market funds, or short-term Treasuries for better returns without added risk.

 

• Review debt payments.

Check progress on any high-interest debt payoff and consider refinancing if rates have shifted in your favor or using excess cash to reduce balance.

 

• Revisit your financial priorities.

If your cash flow has changed, update your savings goals — such as increasing retirement or college contributions.

 

A little attention now can go a long way later.

If you’d like help reviewing your cash flow and spending plans, our team can provide some practical tool and resources you can use. https://www.connected-wealth.com/next-steps.

Connected Wealth Management

4777 Sharon Road,
Suite 540,
Charlotte, NC  28210

Main: 704-912-5088
Text: 704-686-8445
Fax: 980-972-0787
Email: paul@connected-wealth.com

     

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