Start 2024 with a Financial Cleanse: Experts

Adopt Zero-Based Budgeting, Build an Emergency Fund, and Rebalance Retirement Portfolio for Financial Stability

Experts suggest starting 2024 with a 'financial cleanse', making small adjustments to spending and saving habits.
Zero-based budgeting, starting with nothing other than what's in your bank account, is recommended for a fresh financial start.
Having an emergency fund to cover three to six months of basic expenses is deemed crucial for financial stability.
High-yield savings accounts are recommended for emergency funds and other savings, as they can earn hundreds or even thousands of dollars a year more.
Rebalancing your retirement investment portfolio is advised, with a rule of thumb suggesting the percentage in stocks should be 110 minus your age.