Step #1: Get a grip on your goals. Most everyone made goals back in January, and maybe even put them down on paper. Break out that piece of paper and see how you’re doing. This isn’t a time to beat up on yourself. Realize you’ve got the rest of the year and set new goals to get things done.
Step #2: Tally your taxes. Only want to think about taxes once a year? It may cost you. Last year we got married and we had to make some big changes. We still ended up owing a bit, but not as much if we hadn’t taken that second look and adjusted.
Step #3: Battle your budget. See how you are doing and make revisions if necessary.
Step #4: Revisit your retirement savings plan. My company will let me change my % at any time. I’m currently at 15%. We may increase that after we buy the town home, but nothing to change now.
Step #5: Examine your emergency fund. Our emergency fund is currently at ING with our down payment savings. We haven’t had to dip into it yet, but we may slightly at the close of our town home loan.
Step #6: Investigate your investment plan.
Step #7: Fine tune your fringe benefits.
Step #8: Hone in on the holidays. It’s good to establish a budget now. This year we plan on spending considerably less. We’re going to try and convince our families to only buy for the kids.
Step #9: See a CPA. Visit http://www.cpadirectory.com/ to find your nearest professional.
Related Posts:
- Our Financial Goals: Savings and Debt Reduction
- Are You Saving Enough? – Your Mid-Year Financial Check-Up #2
- PocketSmith: A Calendar-Based Financial Planner
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