Monthly Financial To-Dos

Monthly Financial To-Dos

Resolutions are notoriously short-lived. So the key to actually making meaningful progress is to plan your course over the next 12 months.

We’ve put together a list of quick things you can do to keep your finances healthy. In each month of the new year, give yourself one specific task needed to make progress on your strategic goal. Start checking off these monthly to-dos:

JANUARY
Review last year’s spending
Create a debt payment plan
Revisit retirement plan contributions

FEBRUARY
Review investment strategy
Gather tax documents
Compare savings interest rates

MARCH
Create a personal possessions inventory
Contribute to IRAs by April 15
Fund HSAs by April 15

APRIL
Make a Master Directory
Go paperless with your personal finances
Have a shredding party

MAY
Consider college funding plans
Review your credit report
Evaluate your emergency fund

JUNE
Create or update an Investment Policy Statement
Review retirement withdrawals
Update your net worth statement
Evaluate refinancing debt

JULY
Review whether a portfolio rebalance is needed
Conduct a cost audit
Evaluate your spending plan

AUGUST
Review and update your estate plan
Confirm beneficiaries on accounts and insurance policies
Create a “digital asset” plan

SEPTEMBER
Review home/auto policies
Life insurance
Password management
Credit freeze

OCTOBER
Run a tax projection
Make a year-end spending plan
Fill out your FAFSA

NOVEMBER
Review your health insurance plan
Start planning next summer’s vacations
Check your contentment level

DECEMBER
Reflect on the year
Prioritize giving generously and strategically
Make an appointment with your Wealth Advisor for next year

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