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Things to Include in Your Financial Checkup

Family looking at finances

Giving yourself a regular financial checkup is an important way to keep track of your financial health and make small and large changes efficiently to make sure everything is at a state you’re comfortable with. Today the Mansions of Wylie Blog has ideas for things to include in your checkup to stay on top of things this month.



Your budget is the key to financial security. Whether you’re a budgeting pro or not, it’s never too late to reevaluate where your money is going before you spend to keep control of your funds. Put a name to every dollar and decide how much is going to paying rent and utilities, food and groceries, general spending, and more so you can prioritize smartly.


Emergency Fund

Creating and upkeeping a hefty emergency fund can take a while, but every cent counts and will count when that unexpected expense threatens to cripple you. Experts suggest you build up a fund with three months’ worth of expenses (rent, gas, and food, for example). Build a separate account and avoid touching it until an emergency really comes.



Taxes may not be due until April, but you don’t want to miss out on months of possible savings. Meet with a financial advisor if you want help figuring out how to save and how to make sure everything’s in order for tax season. Also remember to stay organized with the documents you’ll need for doing your taxes, including the information of your daily work expenses if you own a business.



You may be living off of the fruits of years’ worth of labor now. Making smart investing decisions can give you the resources to do what you’ve always wanted to do now that you finally have the time for it. If you want to start investing, meet with a fiduciary and discuss what’s available based on your needs and means.



Now is the time to chase your dreams! Set short- and long-term goals for things you want to do so you can save up for them and enjoy the fulfillment of a job well done.


What do you include in your monthly, bi-monthly, semi-annual, or annual checkup? Share your wisdom related or unrelated to any of the points above so the rest of the apartment community here in Wylie, TX can benefit. Thanks for reading! Good luck!