Financial Planning Tips
May is National Fitness Month, and while that may mean spending a little more time at the gym, it also means that it is time to get your finances in order. To help get your finances in the best shape possible this month, and for the rest of the year, keep these tips in mind.
- Order a free credit report – you are able to get a free copy of your credit report once a year. As a detailed record of your financial life, your credit history is used by lenders, credit card companies, and even insurance agents. When you get a copy of your report, look over the entire report and look for any discrepancies. Fix any issues as soon as possible to ensure that your credit does not suffer.
- Have a garage sale – while finishing with your spring cleaning, make a pile of items that you no longer want or need, and set up for a garage sale. Not only will a garage sale help to clean out your house, but it will also help to pad your pockets with a little extra cash.
- Look for scholarships – if you have children who will be headed off to college in the next few years, start looking for scholarships now. Think of scholarships as free money that will help to pay for their education. While you have to pay back loan money, you never have to pay back the money that you get from scholarships.
- Plan a financial retreat – the warm summer weather is the perfect time to head out with the whole family for a vacation. While you are in a relaxing setting, it is a great time to have a conversation about your finances to ensure that everyone is on the same page.
For all of your financial planning needs, and to get your finances in order, contact Phocus Companies in Phoenix, Arizona.
