(NewsUSA) - The past few years have upended many perceptions of financial stability. A layoff or career change, inflation never before seen by younger generations and the lingering uncertainty of the pandemic might have thrown off your financial planning.

The new year is a great time to review your strategies for smart spending and saving so you can weather whatever the future has in store.

Financial planning professionals suggest that you start by creating a budget. Online trackers such as Mint.com can help you understand your spending. Also, reviewing your expenses with a CERTIFIED FINANCIAL PLANNER™ professional is a great way to get a handle on spending smart today while saving for tomorrow.

Try these tips for saving and spending in 2023:

Use credit responsibly: Pay off credit cards each month, if possible, to avoid accumulating debt and build good credit.

Set up automatic savings: You can do this through your bank and via your employer’s payroll. Use the new year to take a fresh look at the savings options through your employer, including Health Savings Accounts (HSAs), which can be carried over from one year to the next.

Invest windfalls: Invest any unexpected cash, such as bonuses or tax refunds, and make your money work harder for you. If you find yourself with significant new assets, such as an inheritance, a CFP® professional can help you make the most of your good fortune.

Review your retirement plans: The new year may bring changes such as buying a home, updating a will or navigating a higher tax bracket. A CFP® professional can provide a new year review to keep your retirement plans on track no matter where you are in your working life.

Plan your tax payments: Consider paying estimated taxes throughout the year to avoid a large tax bill in April. Estimated tax payments can be especially helpful for contract workers or freelancers who don’t have taxes taken out of their pay automatically.

Shop smarter: Combat inflation by switching to store brands for some items. Check whether generic medications will work for you and compare prices for different pharmacies.

Visit LetsMakeAPlan.org for more information about financial planning and how to find a CERTIFIED FINANCIAL PLANNER™ professional near you.