Still Need to Do Day: Getting Your Financial House in Order
As the holiday season draws to a close and the year winds down, there’s a sense of urgency to tackle all the tasks you meant to do but haven’t quite gotten to yet. With the new year fast approaching, this period can feel overwhelming. Financial matters are often one of the biggest things people procrastinate on, but they are also some of the most crucial. That’s where Still Need to Do Day comes in.
“In today’s fast-paced world, this observance provides an opportunity to slow down, take stock, and ensure you are financially prepared for the upcoming year,” says Scott Mass, Senior Vice President, Investments at David Lerner Associates, Inc.
“The start of a new year is a perfect time to get your financial house in order. Whether it’s reviewing your investment portfolio, planning for taxes, or simply setting a budget for the year ahead, this special day is the reminder we all need to check off those last-minute financial tasks.”
When is Still Need to Do Day 2024?
Still Need to Do Day will be observed on Sunday December 29, 2024. This day is strategically placed at the end of the year when many are reflecting on the past 12 months and preparing for the future. It’s an ideal time to focus on any lingering financial tasks you’ve been putting off, from reviewing your retirement savings to adjusting in your investment strategy. The goal is to set yourself up for a strong financial start in the new year.
History of Still Need to Do Day
Still Need to Do Day may not be as widely recognized as other end-of-year observances, but it holds great significance for those who see the value in wrapping up unfinished business.
The origins of Still Need to Do Day are rooted in productivity culture and personal development. Ruth Roy & Thomas Roy of Wellcat Holidays are credited as the founders of Still Need to Do Day.
They established the day to serve as a practical reminder to tackle lingering tasks — both big and small — before the year ends. Financial preparation is one of the key aspects of this observance, encouraging individuals to review their financial standing, address any loose ends, and plan for the upcoming year.
Though the day may have started as a way to simply tick off items on your to-do list, it has evolved into a valuable opportunity for financial introspection and preparation.
Still Need to Do Day Participation Ideas
The best way to participate in Still Need to Do Day is by focusing on getting financially prepared for the new year.
Here are a few actionable steps to help you tackle your finances before the clock strikes midnight on December 31:
- Review Your Budget
Take a look at your budget from the past year and use this day to create a new budget for the upcoming year, one that reflects your current situation and future aspirations.Set realistic expectations for saving, investing, and spending to keep yourself on track throughout the year. - Check Your Retirement Accounts
If you have a 401(k), IRA, or other retirement account, review your contributions. Have you maxed out your contributions for the year? Are your investments performing as expected?Still Need to Do Day is an excellent time to adjust your retirement savings plan for the new year. - Plan for Taxes
Tax season is just around the corner. Use this day to gather your documents, review tax-deductible expenses, and check whether you need to make any final adjustments before the end of the year.If you’re anticipating a refund or owe taxes, you can better prepare yourself for what’s to come in the next few months. - Reevaluate Your Investment Strategy
It’s essential to periodically assess your investment portfolio.Are your investments aligned with your long-term goals? Do you need to rebalance your portfolio based on market performance or life changes? Taking time on Still Need to Do Day to review your investment strategy can help you feel more confident in your financial future. - Evaluate Your Debt
If you have outstanding debt, this is a good time to review your repayment plan. Consider creating or updating a debt repayment strategy for the new year, focusing on reducing your financial burdens as quickly as possible.Still Need to Do Day serves as a valuable reminder to pause and address any outstanding tasks before the year ends. Financial preparation is one of the most important things you can do during this time. Don’t wait until January to get your finances in order — start now, while there’s still time to make impactful decisions.
At David Lerner Associates, we understand the importance of planning for your financial future. As the new year approaches, our team of financial professionals is here to help you review your investment strategy, retirement savings, and overall financial health. Contact us today for a consultation and ensure you’re financially prepared to tackle the new year with confidence!
Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable– we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.