Fall is a season of change. As summer comes to a close, our schedules shift, leaves turn color, and the air finds a new crispness. We dress differently, watch different movies, decorate our homes for a fresh season, and even switch up our beverages (*summons all things pumpkin spice*).
So, in this season of inevitable change, I decided to shake up one very important aspect of life — my finances! These nine steps helped me get my money management back on track for the final months of 2022:
Sift through your monthly subscriptions and cancel the ones you don’t use or aren’t worth your while.
Set aside an hour to restructure your budget. For many of us, important factors in our lives have changed since we last opened that budgeting doc. A fresh budget means a fresh look at your finances.
And start budgeting for the holidays. They are just around the corner!
Take the time to review your debt situation. With the new student loan forgiveness plan passed, it’s the perfect time to get a clearer picture of what you still owe.
Search for more affordable options for recurring bills such as cell phone plans or car insurance.
Check your credit reports! It might sound spooky, but it’s great practice to know your standing. This effects your ability to be approved for loans, apartments, and other important stuff.
Look for hidden perks with your credit card, insurance, etc. You could be getting discounts that you didn’t even know were available!
Put your money into a high-yield savings account if it isn’t already. Interest rates are higher than they’ve been in years, so now is the time to make this change and reap the benefits!
Out with the old and in with the new. Purge things that you don’t need and, if it’s something with value, earn a little extra cash by selling it.
Is there anything else you’re doing to get financially ready for the rest of the year? Share your tips in the comments!