Kelly Blodgett launched Money Gal Coaching with a goal of serving people who, like her, were burdened by debt. You can get her tips for paying down debt on a regular basis at Bring Me The News, in addition to the Money Gal Coaching website and Facebook page. Here's here end-of-2020 advice.  

The end of the year is the perfect time to wrap up bad money habits and start fresh.

Things that we want to be doing on a regular basis include creating a spending plan, tracking our spending and investing towards retirement.

But there are some items that can be done less frequently. Use the end of the year as your reminder to check off some of these less frequent items.

• Do you have money sitting in your name waiting for you? You might! You heard me right – old bank accounts, insurance claims or tax refunds get left unclaimed on a regular basis and are easily searchable on a government site for unclaimed money.

• Find a cause close to your heart and give them some extra love. Besides the obvious reasons for donating, it also lowers your taxable income and can result in less taxes owed to Uncle Sam. Win-win, just be sure to donate by December 31.

• Every year, you get to pull a copy of your credit report from each of the three reporting companies: Equifax, Experian and TransUnion, for free! By pulling your report, you can see any errors or fraud under your name, loan balances and your credit score.

• Use it or you’ll use it! If you started saving with a Flexible Spending Account (FSA) through your employer you’ll want to spend those dollars before December 31. Funds within this type of account are only good until the end of the year but shouldn’t be confused with an HSA. Besides the more obvious expenses you can purchase, such as medications or deductibles, here are a few other things to ensure you are using these dollars wisely.

Managing your money doesn’t have to be hard or time consuming. Use these tricks to stay on top of your debt and ensure that you’re not missing out on any money that’s yours!

If you need help getting out of debt, contact Kelly Blodgett of Money Gal Coaching. Reach out to her via the Money Gal Coaching website or Facebook page.

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Disclaimer: Bring Me The News will receive a portion of the proceeds from readers who purchase a service from Money Gal Coaching via our articles.