Fall is right around the corner and before the busy holiday season kicks into high gear, it’s a good time to check in on your finances. There are several financial moves you can make before the end of the year to make sure you are set up for success come January 2025.
Here are 5 Financial Tips to Consider this Fall:
Open Enrollment
Most company insurance plans have open enrollment in the fall. This is the time to make changes to your benefit plan, including your health savings contributions, medical coverage, and beneficiaries. Set aside some time to think about these changes before you lock yourself into a new plan.
Review Insurance
When was the last time you did a full review of your home/renters, life, and auto insurance policies? Many of us have seen our premiums go up so this is a great time to ask your provider if there are any discounts available and/or compare with other insurance companies to see if you can get a better deal.
Confirm Subscriptions
If you’re like most people, you probably aren’t sure how many monthly subscriptions you are paying for and how much you are paying. Make a list of all monthly subscriptions including gym membership, car wash subscriptions, streaming, and app commitments. Is there something you can cancel to save money?
Check Your Credit Report
If you haven’t already done so, get a free copy of your credit report from Annual Credit Report. You can get a free copy every 12 months from each credit reporting agency and by reviewing your reports annually, you can verify the information is correct and catch signs of identity theft early.
Plan for the Holidays
Don’t let the holidays creep up on you. If you’re like most people, ‘tis the season for spending more money. Start by planning and saving if you haven’t already done so. Make your lists and start shopping early to take advantage of sales so you can get the best deal.
Fall is the perfect time to evaluate your financial life and make the right moves to close out the year strong. Now’s the time to reflect on the steps you’ve taken in your financial life this year and take action on any outstanding items.