October is scary! Mainly because it means another year is almost done. This is also a good time to reflect on your spending over the past year. With Halloween just around the corner…let’s find some scary financial things to do. BOO!!
Review your credit report
Each credit bureau (TransUnion, Equifax) is required, if requested by you, to provide you a free credit report every 12 months. There is also Credit Karma, which is free and allows you to check your score as many times as you like. Reviewing your report may save you from fraud, but also give you a reminder where your liabilities are for the year.
Review your spending for the last year
It is never fun to see where you spent money over the last year. However, it often brings to light areas from where you maybe aren’t getting the best value.
Other things to consider – did your income change? Have any of your expenses gone up or down? Did you have more or less debt? Have your financial goals changed?
Review your homeowner’s insurance
With natural disasters, such as Hurricane Florence, happening more often and causing billions of dollars’ worth of damage, it wouldn’t hurt to take an inventory of all the items in your home. A home inventory will give you an accurate recording of your assets for insurance purposes and give you a better idea of how much homeowner’s insurance you need to ensure proper coverage.
Just remember, the money must do’s aren’t as scary as you might think. Don’t be ghoulish and just sink those vampire fangs into them and may you RIP…rest in prosperity!