Did you know October is National Financial Planning Month? Many people either use the beginning of a new year or right after taxes to make financial goals. But you don’t have to wait that long. Fall is a great time to look at your financial goals before the year is over. Between the upcoming holidays and the start of a new year, there are plenty of ways to save money.
So don’t fall behind on your financial goals. With these five goals, you’ll be sure to end 2017 with money in your wallet.
1. Emergency funds
You should always have an emergency fund in case of- well, emergencies. Even a small amount will help you for the unexpected. NerdWallet suggests a high-yield online savings account to park your emergency fund.
You should also set aside a “In Case of Fun” emergency fun. Money that’s set aside for spontaneous adventures or shows. Just as you should be responsible with money, you should also let yourself have some fun. Check out these Groupon coupons, offers and deals to save money on your next outing.
2. Plan ahead
If you can, start thinking about how much money to set aside for future events. Any type of event, such as trips, festivals, sporting events or anything else. For example, ski passes are cheaper before or early on in the season and there are some great deals on gear. These coupons and deals from Skis.com will help save you extra money.
This tip works at any point throughout the year. Which brings us to our next tip…
3. Start a holiday budget
Start setting aside money for gifts and all your other holiday shopping. Apparently spending on occasions like Black Friday makes it easier to stick to a budget. So go ahead and check out that sale.
You should also start planning your flights back home or to your holiday destinations. Hotels and flights are at the cheapest rates now, and start increasing the closer we get to the holiday season. You can also look for discounted hotels and flights using these Expedia coupons, offers and deals.
4. Re-evaluate budget goals
Now is a good time to take another look at the goals you made back in January. Do they still make sense? Can you cut back in any categories, or do you need to reallocate resources? Reviewing your budget now will help to ensure that you stay on track to meet your financial goals.
Or make new goals if you didn’t. You may be thinking there’s no point, with only a few months left in the year. But don’t just throw all your hard work out the window, especially if it seems like you’re not making progress. Every little bit helps.
5. Take a look at your career
It’s easy to get caught up in the daily grind of your job and not think about your overall career picture. So take a step back and making sure that your current gig has you on track to achieve your goals. Now is also a good time to consider increasing your 401(k) contributions.
What financial goals are you working towards? Do you have any other tips to save money? Let us know!