Back to School Checklist for the CEO of the House
For many of us back to school marks a fresh start milestone – similar to the New Year. There’s a flurry of organization in terms of new routines, registrations and shopping. I feel a bit like a squirrel with all the effort going into restocking our cupboards, fridge and freezer after a summer of coming and going. I have yet to do the clothing changeover and winter clothing and boot check but when I do, I imagine there will be some items to source. I think it has as much to do with the change in seasons as preparing for busy weeks and cold weather.
The point is that this is a perfect time of year to review your financial plan and work through your ‘to do’ checklist. With the end of the year comes some important deadlines and a little planning now will put you in great shape for 2015.
Here are some suggested to do’s:
- Review your 2014 year to date actual spending to your budget.
- Review expected income and expenses for the next couple months.
- What’s on your 2014 financial plan? Now is a great time to do RESP and RSP contributions as the RESP contribution deadline is December 31st, you’ll avoid the RSP line ups and probably have better cash flow now compared to the holiday season. Most extra debt repayments have upper limits by calendar year – do what you can now, leaving yourself lots of room for 2015.
- Review your benefits coverage. Have there been any changes?
- Set a holiday budget for the upcoming season and a plan to save for it.
- What 2014 targets are you likely to miss and what would you like to achieve in 2015?
Posted: September 24th, 2014 under CEO of the House, Money & Lifestyle, Money Savvy Tips, Tips & Tricks.
Tags: Budget, Dear Piggy Bank, Financial Planning, Money & Stress, Money Systems