From Fortune:

Kickstarting your fitness journey or trying a new hobby may sound like a fun way to start 2024, but experts argue that getting your finances in order may be more beneficial in the long run for cash-strapped consumers. With interest rates higher than they have been for more than 10 years, it is advised to focus on short-term investment vehicles and lock in today’s higher yields.

As 2024 continues to be hailed as a return to the new normal, it is important to prioritize retirement planning and ensure that you are not overcharged by platform providers or in fund fees. Additionally, it is recommended to investigate dormant accounts and explore the potential of dormant assets as a means of financial boost.

While setting goals for 2024 is important, sticking to them is equally crucial. Focus on setting goals and plans to achieve more of what you want, and engage in two-way conversations with family to ensure alignment to goals and values. Moreover, consider philanthropy as a way to learn more about family values and engage in meaningful conversations.



Read more: Financial goals 2024: Expert advice from Goldman Sachs, JPMorgan, UBS, Citi, Y Tree