How to organize your finances for the coming year

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PHOENIX -- While budgeting might not be at the top of your list this holiday season, now is actually the best time to make sure your finances are in order for the coming year.

Financial expert M.J. Nodilo from Pathlight Investments sat down with Scott Pasmore to share some tips and ideas.

1. Establish a realistic budget for 2012.

2. Update your financial plan.

3. Think ahead to retirement.

4. Organize will and estate planning information; take life changes into account.

5. Be home smart.

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