7 Ways To Set Yourself Up for Financial Success in 2026, According to Dasha Kennedy

Core Insights - The article emphasizes the importance of financial planning as the year ends, providing practical advice for individuals to manage their finances effectively in preparation for the new year [1][2]. Financial Management Strategies - Individuals are encouraged to track their expenses meticulously to identify areas for potential cuts, promoting a proactive approach to financial management [3]. - The concept of financial literacy is highlighted, with a survey indicating that 54% of people feel they have a fair understanding of personal finances, with higher familiarity among upper-income individuals [4]. Budgeting Techniques - The article suggests separating finances into distinct categories, such as maintaining an emergency fund separate from regular bills and discretionary spending [5]. - It advocates for aligning billing dates with personal pay schedules to ensure timely payments and better cash flow management [6]. Grocery Spending Tips - Rising grocery prices, particularly for beef and coffee, are noted, with recommendations for consumers to utilize existing pantry items before shopping to save money [7]. Holiday Spending Advice - The article advises setting boundaries during the holiday season to avoid overspending and the pressure to purchase gifts for everyone [8].