April Financial To-Do

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April showers bring May flowers, but this month also comes with a number of financial to-dos to keep you on track for financial wellness!

1. Re-Evaluate Your Budget. Deadline: Friday, April 11

How well are you sticking to your budget? Did you have unexpected expenses last year? Start again by these simple steps:
  1. Assessing your Income (worksheet)
  2. Identifying your starting point (worksheet)
  3. Set your priorities (worksheet)
  4. Set your achievable financial goals (worksheet)
  5. Create your spending plan (worksheet)

2. Put the Finishing Touches on Your Taxes. Deadline: Tuesday, April 15

Hopefully, you’ve gotten ahead and turned these in. If you haven’t, you may want to look into filing for a six-month extension on your tax returns. But keep in mind, just because the time to file the return is extended, your responsibility to pay your taxes is not.

3. Give Your Insurance Polices a Once-Over. Deadline: Monday, April 21

Do you know exactly what your insurance policy covers? Did you have any life changes, such as new household drivers or moving to a new residence? This month is a great time to give your policies a once-over and make sure there’s no gaps where you’re not covered.

4. File Your Financial Documents. Deadline: Friday, April 25

Now that your taxes (or an extension) are filed, it’s time to get rid of the financial clutter and organize your documents. Here’s a quick list of what to keep and what to toss. Want more in-depth information? Kim McGrigg wrote an excellent post that you may find helpful.

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