Fall Financial Checklist: 5 Things to Do Before Year-End

Fall isn’t just about cooler weather, football games, and pumpkin spice - it’s also the perfect time to review your finances before the year wraps up.

By taking a few smart steps now, you can set yourself up for a smoother holiday season and a stronger start to the new year. Here are five things to check off your financial to do list this fall.

#1 Review Your Budget and Spending

Take a fresh look at your budget before the holiday season ramps up. Review your income and expenses to see if you’re on track with your goals. If you notice overspending in certain areas, make adjustments now so you’re not surprised later.

#2 Check Your Retirement Contributions

If you contribute to a 401(k), IRA, or other retirement account, fall is a good time to check your progress. You still have time to increase contributions before year-end, helping you save for the future and potentially reduce your taxable income.

#3 Use Up Flexible Spending Funds

If you have an FSA through your employer, check your balance. Many plans have a “use it or lose it” rule, meaning unused funds may expire at the end of the year. Schedule appointments or stock up on eligible health expenses so you don’t leave money behind.

#4 Plan for Holiday Spending

The holidays can sneak up fast, and so can the costs. Set a realistic holiday budget for gifts, travel, and celebrations. Start saving now or spread out purchases to avoid relying on high-interest credit cards in December.

#5 Check Your Credit

Pull a copy of your credit report and review your accounts. Look for errors, make extra debt payments if possible, and check your progress toward paying down balances. A little attention now can boost your financial health heading into the new year.

Let Us Help

Cornerstone is in your corner with financial advice to help you finish the year strong. Reach out to us through the Member Contact Center or via Conversations for free, expert advice.