3 steps to start off on the right foot financially in 2017


Louisville, KY – December 6, 2016 – Articles detailing financial tasks to complete before year-end abound. According to SUM180 CEO Carla Dearing, often these lists include financial to-dos that aren’t applicable for many. “As 2016 winds down, we’re reminded of last-minute financial to-dos, such as making charitable donations, maxing out retirement contributions, using up money in a flexible spending account, making 529 contributions for grandchildren, and so on. But not everyone has the luxury of these options,” Carla said. SUM180 is an online financial planning service designed to be simple and affordable.

“The truth is, the end of the year is a good time to hit the reset button in general. This includes taking stock of your financial picture, regardless of where you stand at the moment. And, if you’re feeling uncertain or worried about your financial picture, this step becomes even more important. Think of year-end as a time to step back, reflect and reassess where you are financially—to take in the bigger picture—so you can make thoughtful, confident decisions about how to move forward in the coming year,” Carla continued.

Following are Carla’s suggested three steps everyone should address before December 31 to help put them on course financially in 2017:

  1. Update your financial plan. If you don’t have one yet, create one. (A good financial adviser can help.) The simple exercise of creating a comprehensive financial plan will give you a clear sense of your financial situation. It will also give you an idea of how decisions you made (or didn’t make) throughout the year have affected your bottom line. Armed with this information, you’ll be in a stronger position to make adjustments in 2017.
  2. Determine your most important, immediate next steps when it comes to your money, and commit to tackling them in the New Year. Think of this as the year-end financial equivalent of clearing your desk and writing your next day’s to-dos before heading home at the end of the workday. When you return the next morning to a clean desk and a focused plan of attack, you have a much easier time getting started, right? It’s similar with financial planning. Reviewing your financial picture and identifying just a few next steps will give you a head start on dealing with your money in the coming year.
  3. Ask yourself: Are there aspects of your life you could or should downsize? As you look back on 2016, you may identify ways to ‘right size’ your expenses. For some of us, this could mean making a big change, such as finally moving to a smaller home (with a smaller mortgage). Or it could be smaller changes to your lifestyle, like purchasing a smaller car or cutting back on overall entertainment expenses. Imagine yourself in 2017 feeling more secure and comfortable when it comes to your finances. Making the right changes to your spending has the power make that happen. You can change the trajectory of your financial journey, and you can make the change starting now.


About SUM180

SUM180 is an online financial planning service designed to make planning and dealing with your money simple and affordable.

Specifically, SUM180 is differentiated in the following ways:

  • SUM180 meets people where they are. SUM180 plans are personalized to help people wherever they are right now on their financial journey; whether they’re just beginning, starting over or well on their way.
  • SUM180 plans are simple. They start with only the three (3) most important next steps, making them easier to accomplish, and gives clients a clear picture of where they are.
  • SUM180 doesn’t assume clients want to become financial experts to meet their financial goals. SUM180 provides the tools they need, without overwhelming them with “education” and details they don’t need.
  • SUM180 offers a community for users, unfiltered, which allows them to explore and share.
  • SUM180 serves; never sells. Earning and keeping client trust is SUM180’s highest priority. SUM180 never makes commissions from any of its recommendations, ever.

Additional information about SUM180 may be found at https://sum180.com/.

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Robin Schoen
Robin Schoen Public Relations
215.504.2122 office
215.595.7542 mobile




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