Financial To-Do Lists

We all have our list of things that need our attention. We generally put the most important at the top but as we pick and choose which one to do first, it seems the most important gets push down as we pick to repair the crack in the car windshield or to stop and pick up the dog’s heartworm medicine.

Although we are not actually avoiding the important ones we need to notice that some things should take center stage over other things and anything dealing with our money is one of those. Maybe you changed jobs and have not got around to dealing with your 401K because it didn’t seem urgent enough. Money from this account has a time limit on which you need to roll it over into an IRA if you don’t want the IRS to get there hands on it. Miss this deadline and you will be out about thirty five percent of your balance.

Switching banks can be something to avoid too since it can be a pain, but if your savings are not earning anything, then you will be doing yourself a disservice by leaving it there.  A money market account will earn you interest and wouldn’t you take the time needed to earn that extra income.