During the summer months we usually celebrate weddings, babies, graduation, and moves to new homes. It’s definitely a season of change. So what does that mean for Fall, the season defined by “change”? Fall is the perfect time to take stock of your finances. If you are recently married you’ll need to talk about combining (or not combining) checking accounts, updating beneficiaries, and discussing budgets.
If you have recently moved or started a new job, you’ll want to take an inventory of your everyday spending and cost of living expenses. It’s important to review your spending plan and make adjustments as necessary to achieve your saving goals. Home owners will also want to think about the cost, and savings, of getting your house ready for winter! Think energy savings; weather-stripping the doors and windows, insulating your attic, basement and outside walls. All of those things affect your cost of living.
It’s also easy to think that the holidays are far away when we are just finishing up the summer season, but now is the time to be thinking about saving for the holidays too. Think about how much you are going to need for holiday gifting, parties/entertaining, and travel. Now is the time to think about setting up a separate savings account so you can be ready for the holidays.
If you tackle these financial tasks now, you’ll be able to ease the stresses that come with the holidays, and you’ll stay on track to meet all of your financial goals…but if things don’t go exactly as planned remember, LPI offers Christmas loans!
*Employees of LPI Loans and our affiliates are not attorneys and LPI Loans DOES NOT provide any legal advice and users of this web site should consult with their own attorney for legal advice.