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Dec 29, 2022

It was a great conversation today with Karen Poff where she shared her personal financial checklist for wrapping up the year. Karen manages the Northern Shenandoah Valley Financial Education Program through Virginia Cooperative Extension. She explained why knowing where you stand financially at the end of the year is important and she gave us some advice for making tax time a little easier.

Her personal financial checklist includes reconciling your accounts, calculating your net worth, and downloading statements, receipts, and purchase histories from the year. She also recommends checking your beneficiaries for your various accounts to be sure they are still who you want them to be; she explained why you should have "payable upon death" designees for things like your checking accounts or even vehicle titles.

She encouraged listeners to reach out to her with any questions or suggestions via email: or phone: 540-635-4549. You can get more information about the Money Management Classes she offers on her website: