Fall Financial Fixes

Four Things You Can Do Right Now

tree and hills in Autumn

Summer is gone and those cool fall days are back again. This is also the time when we start seeing those chilly expenses that put a drain in your wallet: higher energy bills and the dreaded holiday expenses. To help keep your finances in check this fall, here are five things you can start doing right now:

  1. Give yourself a financial tune-up. Fall is the perfect time to go through your finances with a fine-toothed comb, because you’ve still got some time before the end of the year to make changes. Take a look at where your money’s been going and what you can cut back on. How much money could you tuck away per month if you nixed that morning coffee? Using a tool like My Finance Tool in Online Banking is a great resource – it will tag your transactions and categorize them, so it’ll show you what areas you need to cut back on.

  2. Start planning for the holidays. The holidays will be here before you know it, and while it’s great fun to spend time with family and friends, it can also put a huge strain on your budget. Craft your holiday budget now and start planning for it. That way when the holiday craziness starts, you won’t be taken by surprise and there won’t be a big hole in your budget.

  3. Make your holiday travel plans now. If you’re planning on traveling over the holidays, don’t put it off until the last minute – start planning now. Air fare and hotel prices tend to skyrocket the closer it gets to the holidays, so the further out you can book the better.

  4. Enroll in text alerts. Scammers tend to amp up their game around the holidays, so if you haven’t already, check and see if your financial institution has text alerts and enroll now. At BMI Federal Credit Union, we will text you whenever we suspect a transaction may be fraudulent, keeping you one step ahead of the bad guys.

Fall may have taken you by surprise, but your finances don’t have to. Start planning and making the right changes now, and you’ll be in great shape for the year ahead!