Monday, March 3, 2014

Eight Easy Things To Do For Good Financial Health

Ideally, your check list would have actual stuff on it to check off. 
Read this if: 

1) You want to know when you should do what for your money. 

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I’ve realized that there are lots of things that I should do regularly that I sometimes forget to do. Here’s a checklist for you (and me). 

Annual Things

Here are things that should be done once a year. If you want more information about any of them, click on the links to read related posts! 
  • Financial aid forms: College students should fill out the FAFSA to get financial aid (colleges have their own due date, so make sure you double check yours!) 
  • Get your free credit reports: If you have a credit card, it’s a good idea to make sure that you are in good standing. 
  • Max out your Roth IRA: If you have the money, I really suggest trying to get as much in your Roth IRA as possible.
  • Scholarships: Do you need to renew any scholarships that you’ve already gotten? How about apply for more
  • Tax return: If you made money and had taxes withheld, fill out a return! Read my guide on where to start if you're lost. 
  • Tuition Fees: You may have to pay for each semester, so pay on time to avoid late fees. 
Monthly Things
  • Credit card bill: Pay these off on time and in full. Remember that if you pay late, you'll lower your credit score. (If that happens, read up on how to raise it again). 
  • Checking account: Do you have an account that you regularly withdraw from or spend money with? Make sure there’s actually money in there before you spend to avoid fees! 
  • Contribute to your investment accounts regularly. Read my post on an easy investment strategy that anyone can use!
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Did I miss anything? Let me know in the comments. 

As always, contact me with questions or suggestions! You can either comment directly on the post or send me an email to moneymattersjoan@gmail.com. 

Photo Credit: Daniel Kulinski via photopin cc

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