5 Must-Do Money Moves for 2020

Next to dieting and exercising, being better with money is always one of the most common New Year's resolutions.

It's easy to understand why: Americans have over $1 trillion in credit card debt, and the average American only has around $60,000 saved for retirement.

Making resolutions is easy, but keeping them is a bit harder. After the enthusiasm of the new year wears off, it's easy to get stuck in the hum of daily life and forget the major changes you need to be making.

That's why our team is taking to YouTube with a step-by-step checklist for taking control of your money in 2020. They'll go through the must-do money moves for the new year and some places you can invest the extra money you're saving.

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Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Chris Hill has no position in any of the stocks mentioned. Jason Moser has no position in any of the stocks mentioned. Robert Brokamp, CFP owns shares of Home Depot. The Motley Fool owns shares of and recommends Microsoft. The Motley Fool recommends Home Depot and recommends the following options: long January 2021 $120 calls on Home Depot, long January 2021 $85 calls on Microsoft, short February 2020 $205 calls on Home Depot, and short January 2021 $115 calls on Microsoft. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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