Reboot Your Personal Finances with These Easy Steps

News & Events

MAXXCAT_START

Latest News

Reboot Your Personal Finances with These Easy Steps

Jul 12, 2018

Keeping up with your finances in the summer months is crucial, but there are quick and simple ways to stay on track without cutting into your vacation time, says Senior CFP Board Ambassador Jill Schlesinger, CFP®

While summer is a time to be carefree and laid back, your finances should not suffer as a result of this mentality. Since we are already half-way through the year, Senior CFP Board Ambassador Jill Schlesinger, CFP®, says it’s the perfect time to assess your finances and take a good, hard look at where you could be saving more.

While it seems daunting, this doesn’t have to be a difficult, time-consuming process - it’s possible to keep up with your finances without losing valuable time on the beach or hiking in the mountains. Schlesinger shares easy tips to follow that will jump-start your mid-year personal finance reboot: 

  • Track your Money: Are you keeping track of money that’s coming in and going out? In today’s digital age, enlist the help of apps to make this process easier!
  • Check/Repair Credit: As we approach the one-year anniversary of the Equifax data breach, make sure your credit is in good standing. If you notice any suspicious changes, be persistent when correcting your report.
  • Evaluate Insurance Policies: Don’t wait for disaster to strike. Be proactive and evaluate if the policy in place is the best for your current situation. 
  • Consolidate Accounts: By combining your accounts, the resulting higher balance may avoid fees and even help you get a better deal. Not to mention, it will help streamline your finances.
  • Review Retirement: Have you calculated your retirement number? If not, it can’t hurt to boost your retirement contributions in order to boost your savings when you do decide to retire. 
  • Manage Investments: As market volatility increases and the second quarter ends, it is the perfect time for long-term investors to rebalance their accounts. 

Read Schlesinger’s full blog post here with more details. 

For more guidance on working through these steps and other ways to get your finances in order, talk to a CERTIFIED FINANCIAL PLANNER™ professional today or visit www.letsmakeaplan.org

ABOUT CFP BOARD

The mission of Certified Financial Planner Board of Standards, Inc. is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for competent and ethical personal financial planning. The Board of Directors, in furthering CFP Board's mission, acts on behalf of the public, CFP® professionals and other stakeholders. CFP Board owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals
Speaker's Bureau
CFP Board’s leadership and representatives are available for interviews and speaking engagements on personal finance, the financial planning profession, CFP Board and the CFP® designation.

Upcoming Events

Did You Know?

Among clients who work with an advisor, 87% of those working with a CFP® professional are satisfied or very satisfied, compared with 72% of those who work with an advisor without certification.
Anyone can call themselves a “financial planner.” Only professionals who meet CFP Board’s rigorous standards can call themselves CERTIFIED FINANCIAL PLANNER™ professionals.
The 2013 Household Financial Planning Survey shows that those with a financial plan feel more confident and report more success managing money, savings and investments than those without a plan.
Let's Make A Plan
Don't address your finances individually. Pull your finances together with the help of a CFP® professional.