3 Key Financial Moves to Make in November 2022

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It's hard to believe that 2022 is almost over. But alas, November has arrived, and at this point, a lot of people are already entering holiday mode, which commonly signals the close of the year.

At the same time, we still have about two months left of 2022 to enjoy. And that also means you have time to set yourself up for a solid financial start to 2023. Here are some important money moves to tackle in November to help make that happen.

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1. Give your emergency fund a lift

There's already been lots of talk of a potential recession in 2023. The Federal Reserve is aggressively raising interest rates to cool inflation, but that could cause a huge pullback in consumer spending that leads to broad economic decline. That's why now's a really good time to pump extra money into your emergency fund.

At a minimum, you should have enough money in your savings account to cover three months of essential bills. But that's really the minimum.