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How To Start Budgeting Now for 2021

GOBankingRates Logo By Gabrielle Olya of GOBankingRates | Slide 1 of 12: The coronavirus pandemic has led to financial upheaval for millions of Americans who lost their jobs, had their hours reduced or were forced to close their businesses. Even if your financial circumstances haven’t changed, it’s likely the volatility of the pandemic has shifted your financial priorities. According to Lincoln Financial Group’s Monthly Consumer Sentiment Tracker released in July, 41% of full-time employed U.S. adults said they would like to save more for retirement as a result of the pandemic, 35% said they would expand their emergency savings and 30% reported they would create or revise their budgets. If you’re part of the 30% who wants to rethink their budget for 2021 — or create a budget for the first time — it’s definitely not too early to start thinking about how to do it. GOBankingRates spoke to financial experts to get their best tips for budgeting for the year to come.  Last updated: Nov. 16, 2020  Sponsored: What’s stopping you from having your own personal financial advisor? We can help make that happen today. Act Now!

The coronavirus pandemic has led to financial upheaval for millions of Americans who lost their jobs, had their hours reduced or were forced to close their businesses. Even if your financial circumstances haven’t changed, it’s likely the volatility of the pandemic has shifted your financial priorities. According to Lincoln Financial Group’s Monthly Consumer Sentiment Tracker released in July, 41% of full-time employed U.S. adults said they would like to save more for retirement as a result of the pandemic, 35% said they would expand their emergency savings and 30% reported they would create or revise their budgets.

If you’re part of the 30% who wants to rethink their budget for 2021 — or create a budget for the first time — it’s definitely not too early to start thinking about how to do it. GOBankingRates spoke to financial experts to get their best tips for budgeting for the year to come.

Last updated: Nov. 16, 2020

Sponsored: What’s stopping you from having your own personal financial advisor? We can help make that happen today. Act Now!

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