Reboot Your Personal Finances with These Easy Steps

As summer kicks into full swing and you prepare to take vacations to the beach or mountains, it’s easy for personal finances to fall under the radar.With half the year complete, now is the perfect time to check in on how you measure up against the financial goals you set for yourself in the beginning of the year.

Below are quick and simple ways to jumpstart a mid-year reboot and keep you on top of your finances:

  1. Track your Money: Are you keeping track of money that’s coming in and going out? In today’s digital age, enlist the help of apps to make this process easier.

  2. Check/Repair Credit: As we approach the one-year anniversary of the Equifax data breach, make sure your credit is in good standing. If you notice any suspicious changes, be persistent when correcting your report.

  3. Evaluate Insurance Policies: Don’t wait for disaster to strike. Be proactive and evaluate if the policy in place is the best for your current situation.

  4. Consolidate Accounts: By combining your accounts, the resulting higher balance may avoid fees and even help you get a better deal. Not to mention, it will help streamline your finances.

  5. Review Retirement: Have you calculated your retirement number? If not, it can’t hurt to boost your retirement contributions in order to boost your savings when you do decide to retire.

  6. Manage Investments: As market volatility increase and the second quarter ends, long-term investors may want to consider rebalancing accounts.

Better yet, schedule a mid-year check in with your wealth manager.Give us a call at (303) 690-5070 to schedule an appointment.We are here to help!

A Special Thanks

Thank you for the generous outpouring of support and sympathy for the passing of Art Rewinkel.On behalf of the A & I Financial Services community of clients and friends, we contributed $1,600 to the hospice program at Northwest Colorado Health and Haven in memory of Art.

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