by Dee BrownChicago CrusaderAfter more than two and a half years of struggling with high inflation, financial analysts are urging Americans to make building a solid nest egg of savings their top New Year’s resolution. According to Brown, securing a financial future should be a priority for families. Budgeting and Expense Tracking: Creating a detailed budget and tracking expenses can help families prioritize spending, identify areas for saving and avoid unnecessary financial stress. Investing in Retirement Accounts: Contributing to retirement accounts such as 401(k)s or IRAs can help build long-term financial security and ensure a comfortable retirement. By taking these steps, Brown believes that households can secure their financial future and mitigate the impact of high inflation and economic volatility.

Source: Forbes January 21, 2024 08:27 UTC