Three Financial Goals for Fall

With change in the air, fall is the perfect time to reset your finances. Here are a few goals to help you finish 2014 strong financially.

#1 Get organized. Did you know that being disorganized can hurt your budget—and even your credit? Review your monthly bills and budget, and be sure you are keeping track of when payments are due. A missed payment can do some serious damage to your credit score.

#2 Adjust your plan if necessary. Remember the financial goals that you set back in January? Are you still on track to reach them? If not, there is still time! For example, if you are far from hitting your retirement savings goal for the year, adjust your monthly contribution so you will reach it. If your goal seems unattainable, try breaking it down into smaller goals—like increasing your contributions 5% per month.

#3 Check your debt. Make a list of all your debts and add them up, including interest rates. Do you have a plan to attack the debt? To get the most bang for your debt-reduction buck, start by paying off the highest interest rate card first. And make sure your emergency fund has enough to cover three to six months’ expenses.

Are your finances in focus? It’s never too late to reevaluate and make sure you are heading in the right direction.

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