With the perfect amount of time left before the end of the year, fall is a great time to really analyze your personal finances. Kimberly Palmer, a NerdWallet representative, posted some financial to-do’s to take care of this fall on tucson.com, here’s what she had to say:
Increase Short-Term Savings: As past years have presented, you never know what the next year will look like. Therefore, building a “cash pile” early can help with unexpected payments or an opportunity to invest.
Be Ready for Tax Season: Especially if you’ve encountered any major financial changes in the past year that could impact your taxes, consider speaking with a tax professional early, instead of during their busiest time of the year.
Reflect On This Past Year: Analyze your workplace benefits and ensure you’re comfortable with the insurances you’re committed to.
Contribute to Your Retirement Fund: Holiday spending season is upon us and any extra money you can contribute to your financial future now will be extremely helpful.
Predict 2022 (The Best You Can): Whether you’re thinking of changing jobs, going on a vacation, or doing a big renovation project, it’s important to anticipate the bigger expenses you’re planning to incur so you’re ready to afford it when the time comes.
To read more, please read Why Fall is a Great Time to Check Finances to Avoid Falling Behind.
To start managing your fall finances with Financially Fit Me, please click here!
Written By: Your Financially Fit Me Team