We are passed the half-way point of the year, summer is wrapping up and fall weather will be moving in soon. Life will become busier once again as the kids start school, and summer friday’s are no longer. With your schedule shifting back into high gear, the fall is a great time to re-evaluate your financial strategy and solidify your plan for the rest of the year.
Securing your financial future can be overwhelming to say the least. But now is a good time to go over your financial past with a fine-toothed comb. Did you have a plan for the summer? Did you stick to it? How well did those changes work for you and your family? What kind of adjustments do you need to make to stay on track and save what you need to be saving? Speak with your fiduciary advisor in Orlando to make a plan or change your existing strategy to better suit your life for the next half a year.
As summer ends, it’s a smart time to evaluate your policies. Whether those are for health care and medical benefits, your mortgage or the insurance policies you currently use. Do you need to increase or decrease coverage? Could a bundle help you save that extra money you need to get to the new year? Look over all of your plans, from interest rates, to cable bills, to your auto insurance, because you may be able to save some money by changing some of those policies.
It might seem far off at the moment, but the rest of this year will fly by and we will be at holiday time before you know it. Expenses should not creep up on you though, so build a holiday budget and start saving a little extra for that now. Making small changes a few months out will garner a big return once the festivities are here. And without a big financial burden, the holiday time spent with family and friends will be joyous and wonderful, instead of stressful and worrisome because of strained finances.
If your son or daughter is going to have a fall parents weekend, book the hotel for it now. Do they need to come home for Thanksgiving? Will you be flying to see your in-laws in October? What about the winter holidays and New Years? If you’re able to plan for these events now– buying your flights, booking hotels, securing rental cars–you will save you money and anxiety. You may not have plans ironed out, but look over the schedules, and book any definite travel plans. If you’re nervous, purchase trip insurance, because it’s a minimal cost that will give you peace of mind for the future so if holiday plans change, you’re covered.
The year is moving quickly, but there’s still a lot of time to be financially smart. Need guidance or advice? Speak with your financial advisor now, and get set up for success for the remainder of the year.