With the final summer vacations in the rearview mirror, it’s time to put away the beach towels, break out the flannel shirts and get yourself ready for the last few months of 2021. If you’re looking for some ways to improve your finances, we’ve got some tips to help you finish the year strong. Here are five to consider for September.

  1. READ UP ON FINANCIAL PLANNING

    From creating a budget, to paying down to debt, to saving enough for retirement, getting a handle on your money can be a bit daunting. That’s where financial planning comes in — to help you make sense of it all.

    While everyone can benefit from having a plan in place, if you’re in your 30s, a financial plan can help you plan for some of the important money decisions you’ll be making in the coming decade, such as getting married or buying your first home. And if you have a family, a financial plan can help you budget for everyday expenses, as well as help you save for your goals along the way.

  2. REVIEW YOUR INSURANCE COVERAGE

    Another aspect of financial planning is protecting your money from the unexpected. And with September being Life Insurance Awareness Month, now is a great time to make sure both you and your loved ones are covered.

    While the cost of life insurance will depend on personal details like your age and health, the type of policy you choose will also be a factor. The two main options are permanent life insurance, which covers you for life and builds cash value, and term life insurance, which covers you for a set period of time. A financial advisor can help you determine which kind of policy makes the most sense for your situation.

  3. START THINKING ABOUT STUDENT LOANS

    After multiple date changes, the student loan repayment pause has been extended for one final time until January 31. But while 2022 might feel far away, that date will be here before you know it. And after two years of not having to make a monthly payment, your finances might be a little out of practice.

    If you're able to make payments, you may want to take advantage and work to pay down your loan without owing interest. If you aren’t able to make them, now is the time to make some changes to your budget to free up that monthly cashflow, so you're ready come February.

  4. LEVEL UP YOUR CAREER

    September always brings about a feeling of a fresh start, and with 55 percent of Americans planning to look for a new job, you, too, might be feeling ready to make a career transition. That could mean changing jobs, freelancing full time, or going back to school. Even if you’re not ready to start sending out resumes, if you’re feeling stagnant, a career coach can help you think about next steps, whether that’s mapping out a path to your next promotion or starting to plant the seeds for an eventual job search.

  5. FIT IN SOME FALL TRAVEL

    Despite summer being peak travel season, you may have decided to wait for a fall getaway as the world continues to open up. With cooler temperatures just around the corner, consider an outdoor travel spot so you can fit in one last hiking or camping adventure before the weather turns. If you’re more into water activities and are in the market for a boat, take advantage of fall deals, as retailers often offer discounts at the conclusion of the summer season.

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