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  • Santa Ana FCU

Fall Financial Advice


Piggy bank in pile of leaves with sign saying "save"

Fall is amazing for so many reasons. The changing leaves, the apple cider, and all the great Halloween festivities. It is also an appropriate season to review your financial situation and make some smart adjustments to ensure your financial well-being is sound as you head into the year’s end. Here are some fall financial tips to help you stay on track:

Review Your Budget: Take a close look at your budget. Make sure it's up to date and aligns with your current financial goals. Consider any upcoming expenses, like holiday shopping, and adjust your budget accordingly.

Check Your Emergency Fund: Ensure your emergency fund is stocked up to alleviate the stress of any unforeseen events without derailing your finances.

Tax Planning: Start thinking about your year-end taxes. Maximize contributions to retirement accounts, consider any tax-loss harvesting in your investments.

Holiday Savings: Plan for holiday expenses by setting aside money in a dedicated savings account. This can help prevent overspending and the stress of holiday debt.

Debt Reduction: Use any extra income or bonuses to pay down high-interest debt. Reducing debt will free up more money for your financial goals.

Invest Wisely: Review your investment portfolio and consider rebalancing it to align with your risk tolerance and financial goals.

Year-End Goals: Assess your progress on financial goals you set earlier in the year. Adjust them if necessary to stay on track.

Get Professional Advice: If you're unsure about your financial situation or need guidance, consider consulting a financial advisor.

Taking these steps this autumn sets you up for a steady future. Planning and making sound financial decisions now will help you enjoy the season without the stress of money worries.

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