Stretch Your Dollar: Steps to get in better financial shape for 2018

FILE - This Nov. 18, 2009 file photo shows credit and bank cards with electronic chips in Gelsenkirchen, Germany. In the wake of recent high-profile data breaches, including this week’s revelation that hackers stole consumer data from eBay’s computer systems, Visa and MasterCard are renewing a push to speed the adoption of microchips into U.S. credit and debit cards. (AP Photo/Martin Meissner, File)

(WTNH)– Get out your pen and paper! You can set yourself in better financial shape by just taking a few easy steps. We are stretching your dollar with a to-do list to improve yourself in 2018.

Did you get a new TV for the holidays or finally splurge for some new furniture in 2017? Well it may be time to photograph inventory in your home. That’s one move Heritage Capital’s Paul Schatz says people forget to do, but it can really save you money in an emergency like a fire or flooding.

Another easy one to forget? Update your beneficiaries if you haven’t done it in a while.

“What you don’t want to do is have a beneficiary that you don’t want to receive those funds or who is no longer with us and then it going to your estate,” said Schatz.

Now lets talk about the money in your account. Make sure to pay those credit cards on time to protect your credit score.

And speaking of that, add it to your to-do list to check it!

“It is absolutely crazy insane not to check your credit report at least annually. It’s free! Let’s make sure the accounts on there are our accounts, In my wife’s case, she found out three times that someone had stolen her identity on the west coast,” said Schatz.

Paying down your debt should be a top priority.

After that, think about contributing more to your retirement accounts, markets are up, so it’s a good time to capitalize on that.

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