July 28, 2024
New Job, Smart Money: 5 Financial Moves to Make
Starting a new job significantly impacts your finances, and it’s crucial to make smart money moves. Key steps include rolling over your old 401(k), carefully evaluating health insurance plans (considering premiums, deductibles, and potential HSAs), and exploring all employee benefits like tuition reimbursement or childcare vouchers. Avoid “lifestyle inflation” by directing a portion of your increased salary into savings, and finally, readjust your budget to reflect any changes in income and expenses related to the new role.
