Balance Cash Inflows & Outflows
It's the First Task in Any Financial Plan
Getting Squared Away might seem daunting. But often there’s just a few key things to do.
Secure Your Income. Are things OK at work – not just now, but from now to retirement? If so, that’s great. If not, or if you’re considering a change, check out:
Control Your Outfows. Too often “outflows” simply happen. Money in your pocket somehow gets spent. To put you in control use:
Make a Plan for What's Coming Next
Most people approaching retirement don’t KNOW they’re approaching retirement. But it’s coming. Retirements these days last a long time and increasingly depend on decisions you make. To make a plan use:
Is Your Housing Right?
Nothing Affects Your Finances as Much
Housing is usually your largest expense, the equity in your home your largest asset, and the mortgage your largest debt. So make sure your housing is right! Our Housing Topic Page has useful tools and information. Most important are
[ ] Figure Out How Moving Changes Your Finances if you’re thinking about moving.
[ ] Figure Out “If You Refinance …” to see if refinancing makes sense for you.
Life's Full of Unpleasant Surprises
Bad things happen, they usually cost money, and you need to be ready. Our Reserves & Insurance Topic Page has lots of useful tools and information on issues like long-term care and life and disability insurance. But generally most important at this stage of life are:
Get it Done
Nothing Happens Unless You Make it Happen
Print out this checklist and make a plan for yourself. Do what’s urgent first. Then what’s big or done quickly. Then what’s not so big or takes more time.
And put reminders in your calendar to help you move from How-To to Done!