Morton S. Winer, CPA


9933 North Lawler Avenue, Suite 410

Skokie, IL 60077


Phone: 847-676-8900



November 2022

Conduct a Year-End Financial Tune Up

Conduct a Year-End Financial Tune Up

As 2022 draws to a close, reflecting on the year’s financial activity is a good way to prepare for a financially successful new year.

If you had to tap your emergency fund to cover unexpected expenses this year, plan to replenish it next year. Aim to have three to six months of living expenses on hand in an interest-bearing cash account, so you can access it quickly when needed.

As well as looking back, consider future trends or expenses that will be new in 2023. You may have childcare expenses or aging parents to care for in the new year. Include the higher costs of gas, groceries and other necessities. Adjust your budget to account for these changes.

Consider getting a few quotes to compare your current homeowner’s insurance rates. And do the same for your auto insurance. If you have a flexible spending account, now’s a good time to find out if it allows you to carry over a balance to 2023. If it doesn’t, use the money before December 31.


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