Pay extra on a credit card balance this month. If you have been carrying a balance, make a plan to pay extra each month so that you can pay off the entire card.
Reflect and write down three money memories from your childhood. Write down a few of your very first money experiences and how they impacted your actions with money as an adult. This can help you come to a greater understanding of why you manage money the way you do.
Have you updated your will? Set a time to review/create your will. Include your spouse or partner if applicable. If you don’t already have one, start gathering the necessary financial documents to meet with an attorney so you can get a will in place. If you have a will and you have experienced any life changes in your family such as a birth, death, marriage, or divorce it may be a good time to evaluate your will and see if any updates need to be made.
Review your insurance. Make sure that your insurance covers what you need it to cover, your belongings, out buildings, equipment etc. If you have a disaster, be sure that you have the insurance to cover it. If you are a renter, it is highly encouraged to have renters insurance.
Do a home inventory. Should you have a fire or tornado and lose everything, could you track all the items in your home? Having a home inventory, will make the process less stressful.
By: Brenda Langdon
