Your 6-Month Financial Check-Up

Blog Post07/13/2015
Credit Advice

It’s July, which means it’s time for your six-month financial check-up. Just like your semi-annual trip to the dentist and your twice-yearly oil change, regular monitoring is a critical component of financial health, keeping you on track to meet your annual financial goals. Plus, summer is the perfect time to do it.

Here are four steps you should take to make sure you’re practicing good financial habits:

  • Check Your Credit Report: Your credit report isn’t just a report card of your credit history—it can also be a tool you can use to detect unfamiliar accounts, unknown address changes and other signs of identity theft.
  • Assess Credit Card Debt:  Always make it a priority to pay your debt obligations on time.
  • Make a Budget: Understanding spending habits and setting a monthly budget can help you pay off debt and save for your future.
  • Guard Against Fraud: To help minimize your risk, sign up for a credit monitoring service that will quickly alert you to credit report changes.

Responsible financial management requires vigilance. If you’ve kept your budgeting promises in the first half of the year, take this opportunity to review your financial information for surprises or mistakes. If you’ve broken some financial promises, this is your chance to gain greater control over your financial standing and reboot your approach.

The best part? This six-month financial check-up is the kind of check-up you won’t mind doing—it can be quick, easy, and judgment-free.

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