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Millennial Money: Reboot your budget to prep for reopening


Millennial Money: Reboot your budget to prep for reopening
Courtney Jespersen
Picture cruising your car deep into 2021 and never glancing in the rearview mirror. Vaccines, travel and a hope of normalcy are finally on the horizon.
With so much to look forward to in the future, it’s understandable to not want to look back.
But returning to typical day-to-day life will be a transition. And from a financial standpoint, you’ll want to assess your past budgeting behavior to prepare for more normal days ahead.
REVIEW PAST AND CURRENT SPENDING
Last year’s spending didn’t look like 2019. And 2021 won’t look like either 2020 or 2019. But you’ll need this historical insight to inform your future spending, especially as you start reintroducing expenses that used to be ordinary, like concert tickets, plane tickets and so forth. ....

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Reboot your budget: Learn from last year's spending as you prepare for economy's recovery

Reboot your budget: Learn from last year's spending as you prepare for economy's recovery
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Reboot Your Budget to Prepare for Reopening


WKBT
April 9, 2021 6:11 PM
Courtney Jespersen
Posted:
Updated:
Getty Images
Picture cruising your car deep into 2021 and never glancing in the rearview mirror. Vaccines, travel and a hope of normalcy are finally on the horizon.
With so much to look forward to in the future, it’s understandable to not want to look back.
But returning to typical day-to-day life will be a transition. And from a financial standpoint, you’ll want to assess your past budgeting behavior to prepare for more normal days ahead.
Review past and current spending
Last year’s spending didn’t look like 2019. And 2021 won’t look like either 2020 or 2019. But you’ll need this historical insight to inform your future spending, especially as you start reintroducing expenses that used to be ordinary, like concert tickets, plane tickets and so forth. ....

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Millennial Money: Reboot your budget to prep for reopening


Millennial Money: Reboot your budget to prep for reopening
COURTNEY JESPERSEN of NerdWallet
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FILE - In this Feb. 25, 2021, file photo, a pedestrian in a face covering walks past a sign plastered on the windows of a restaurant to announce that it is open after closure because of the coronavirus in Boulder, Colo. As states reopen by easing COVID-19 restrictions and Americans get vaccinated, the possibility of a more typical life seems to be drawing nearer than ever before. Anticipating a return to “normal” requires a close look at your finances.David Zalubowski/AP
Picture cruising your car deep into 2021 and never glancing in the rearview mirror. Vaccines, travel and a hope of normalcy are finally on the horizon. ....

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