{"id":172704,"date":"2025-12-07T22:48:07","date_gmt":"2025-12-07T22:48:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/172704\/"},"modified":"2025-12-07T22:48:07","modified_gmt":"2025-12-07T22:48:07","slug":"year-end-banking-moves-that-could-save-you-money-in-2026","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/172704\/","title":{"rendered":"Year-End Banking Moves That Could Save You Money in 2026"},"content":{"rendered":"

Amid all the hustle and bustle of the holiday season<\/a>, it\u2019s also important to think about your finances in the new year. After all, you don\u2019t want to be saddled with regret come Jan. 1. <\/p>\n

Read More: 8 Frugal Habits You Should Never Quit, According to Frugal Living Expert Austin Williams<\/a><\/p>\n

For You: 6 Things You Must Do When Your Savings Reach $50,000<\/a><\/p>\n

One way to do that is to focus on these expert-approved, year-end banking moves that could help you save<\/a> in 2026.\u00a0<\/p>\n

Hold Yourself Accountable When It Comes to Holiday Spending<\/p>\n

Mary Hines Droesch, Head of consumer, small business and wealth management banking and lending products at Bank of America<\/a> said during the holidays, it can be easy to postpone financial worries until the new year, but to set yourself up for a financially sound 2026<\/a>, it\u2019s important to adhere to your budget and avoid impulsive spending.\u00a0<\/p>\n

When holiday shopping, she recommended layering retail store loyalty programs and credit card rewards together to maximize discounts and earn rewards to use in the new year. However, she said to only purchase what you can afford to pay off by your credit card statement\u2019s due date to avoid interest charges. She also suggested checking if your bank has a loyalty program to further boost rewards, like the Bank of America Preferred Rewards Program does.\u00a0\u00a0<\/p>\n

Trending Now: 6 Things the Middle Class Should Sell To Build Their Savings<\/a><\/p>\n

Pay Off Any High Interest Debt<\/p>\n

Droesch said before the year ends, make it a priority to pay off any high-interest credit card debt<\/a> or personal loans. She explained that by paying down these types of debts, you\u2019ll significantly decrease interest payments, which will free up more cash to grow savings balances in the new year.\u00a0<\/p>\n

\u201cWith less debt to manage, you\u2019ll improve your financial well-being and set yourself up for a stronger, more secure start to 2026,\u201d she added.\u00a0<\/p>\n

Revisit Your Emergency Fund<\/p>\n

Droesch said that having a rainy-day savings safety net can offer peace of mind heading into a new year. However, she pointed out that if you had to use part of your emergency funds<\/a> this year, you should develop a plan to replenish it to help optimize your savings in 2026.\u00a0<\/p>\n

\u201cConsider allocating a larger share of your income to savings, take advantage of automatic savings tools or reduce discretionary spending to direct more funds towards that cushion,\u201d she suggested.<\/p>\n

Reassess Subscriptions and Other Recurring Expenses<\/p>\n

Subscriptions and other unnecessary recurring expenses can be a huge drain on your finances.\u00a0Before the year is up, Droesch recommended revisiting your current subscriptions<\/a> and any recurring expenses from 2025 and asking yourself if there are any you can cancel for the new year.\u00a0\u00a0<\/p>\n

\u201cEnsuring these are up to date with what you are actually using can help cut out expenses you may not have even realized you had,\u201d she added.\u00a0<\/p>\n

More From GOBankingRates<\/p>\n

This article originally appeared on
\n GOBankingRates.com<\/a>:
\n Year-End Banking Moves That Could Save You Money in 2026<\/a><\/p>\n

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"Amid all the hustle and bustle of the holiday season, it\u2019s also important to think about your finances…\n","protected":false},"author":2,"featured_media":172705,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[138,246,111,139,69,244,245],"class_list":{"0":"post-172704","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-new-zealand","11":"tag-newzealand","12":"tag-nz","13":"tag-personal-finance","14":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/172704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=172704"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/172704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/172705"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=172704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=172704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=172704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}