Out with the old and in with the new as we march headstrong into 2022. There’s a good chance that you’ve recently spent time organizing your home or office to improve clarity and efficiency—the same should be true of your finances! Try some of these tips as you get ready for whatever the new year has to offer:
Go Digital
Switching years—or decades—of paper files to digital may seem like an overwhelming task, but it’s well worth the effort. Make sure your digital folders are intuitive and that your file names are consistent and detailed; this will ensure your files are searchable, so finding them is a breeze when you need them!
Going digital has the added benefit of making your documents searchable and organized for the next generation. If something happened to you, having your documents cataloged electronically helps your beneficiaries track down all your accounts, legal documents, and anything else they may need to put your affairs in order.
Keeping your electronic documents safe is just as important as keeping your physical documents safe. Your electronic files should be kept in a password-protected folder or on an external hard drive that you can lock up.
Take Out the Garbage
Find any outdated paperwork, expired credit cards, and past statements, and dispose of them securely—we suggest a shredder. Remember to look through drawers for those items you tossed in and forgot about.
If you choose to digitize your important documents, be sure to shred the physical documents you no longer need. Be mindful of original documents you need to retain for your records. While you’re at it, comb through your digital files as well. While they may not be taking up physical space in your home, digital files create “mental clutter” when you want to find what you need.
Email inboxes are another great place to purge and implement an organization system. Aim for a zero-inbox policy. A clear inbox ensures that late notices and other important communications are less likely to slip through the cracks.
Set Your Financial Goals
Knowing what you want to save is just as important as knowing what you want to
spend. Once your expenses have been assessed, you should have a good idea of how much you can save each month.
If you already have retirement contributions deducted from your paycheck, decide if it makes sense to fund an additional retirement account with your post-tax income. List out all the goals you’d like to save for—big and small! College planning, home renovations, and family vacations are a few examples that can help you get the ball rolling.
Once you’ve calculated and prioritized these savings, have a plan to stay accountable for contributing to them. Designating specific accounts and setting up an automatic savings plan is one way to establish consistency in funding your goals.
Amy Anderson joined the ILG Financial team in 2023 as the client relations coordinator. Her responsibilities include scheduling of appointments, annual check-up notifications, and annuity and required minimum distribution assistance. She is a graduate of Harding University with a degree in Computer Information Systems. Amy and her husband have two children and she enjoys reading, crocheting, music and spending time with her family.
Chase Lopez joined the ILG Financial team in 2020 as an advisor. Chase is a 2016 James Madison University graduate with a degree in management. Chase has been trained under the tutelage of Dave Lopez, who is not only the founder and managing member of ILG Financial, but also is Chase’s uncle and godfather. He also enjoys working alongside his cousin, Megan, who is Dave’s daughter. Chase, as a fiduciary, believes in putting his clients interests first, and building out plans for his clients where they can have a happy and fruitful retirement. He married his beautiful wife in February 2022 and both use most of their free time chasing around their little pup, Aurora.
Jessica Carson joined the ILG Financial team in 2018 as an agent. Jessica and her husband have four children, two dogs, 3 barn cats, 5 chickens, and three parakeets. She indeed loves her children and pets! When not at work, Jessica enjoys playing the piano and cello as well as traveling and spending time outside with her family, hiking, fishing, and boating.
Terri Center joined the ILG Financial team in 2019 as client services manager. She handles client records, application processing, and gathering information to provide a professional and friendly experience with all of our clients. Terri is a graduate of Oakland University. She is married and has two children. She enjoys hiking, family time, and puzzle challenging video games. She also likes to share her creativity in her canvas paintings and sewing projects.
Megan Jones joined the ILG Financial team in 2020 as marketing director. Megan and her husband live in Fredericksburg, VA with their German Short Haired Pointer, Gus. Megan is a graduate of Longwood University and holds a degree in communications. Megan is the oldest of Dave Lopez’s three children and not only enjoys working alongside her father, but also with her cousin, Chase, who joined the ILG Financial team in 2020 as an advisor. When not at work, Megan enjoys sitting on the back porch with family and friends enjoying food and music.