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Sylvia C. Young, CFS, CLTC
Young Financial Group, LLC
920 5th Avenue, Suite 1600
Seattle, WA 98104
Phone: 206-346-3252
Fax: 206-521-8784
Email: scyoung@financialguide.com
January/February 2026
Getting Your Finances Back on Track
The holiday season often leaves wallets strained, but 2026 can start with financial recovery.
Review Spending
First, assess your spending by reviewing bank and credit card statements to identify holiday overspending. Create a budget prioritizing essentials like rent and utilities while allocating funds to pay off highinterest debt, such as credit cards, which averaged 20% interest in 2025.Take Action
Cut discretionary expenses—dining out or subscriptions—temporarily to free up cash. Rebuild your emergency fund, aiming for 3–6 months' expenses, by setting aside small, consistent savings. Adjust tax withholdings using the IRS Tax Withholding Estimator to avoid surprises and optimize cash flow. If eligible, explore tax deductions (e.g., charitable donations) or credits to reduce your tax burden. Consider a side hustle to boost income and accelerate debt repayment.Meet with your financial professional to refine your budget and investment strategy, ensuring long-term goals like retirement savings stay on track. Act promptly to regain control.
Sylvia C. Young is a Registered Representative of and offers securities through: MML Investors Services, Inc. (206) 628-8800. Young Financial Group, LLC is not a subsidiary or affiliate of MML Investors Services, Inc. Insurance offered through Massachusetts Mutual Life Insurance Company (MassMutual) and other fine companies. Young Financial Group, LLC and LTM Marketing Solutions, LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Marketing Solutions, LLC, an unrelated third party. Articles are not written or produced by the named representative.
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