Have You Had A Financial Check-Up Recently?

by jcramer75 on February 17, 2013

iStock 000006070384 ExtraSmall 300x199 Have You Had A Financial Check Up Recently?Have You Had A Financial Check-Up Recently?

We all know we should have an annual physical, get our teeth checked and cleaned twice a year, and have our vision checked on a regular basis as well.  But did you know you should do a financial check-up on a regular basis?

The beginning of the year is the perfect time to take a look at all of your financial records in preparation for income tax time. Go through your checkbooks and make sure they balance with the bank. While you are looking at those, take the time to write down any deductible expenses you may have such as medical and property taxes.

Next, inspect your credit card statements.  Do you have any charges that you don’t recognize?  If so, call the credit card company and start investigating.

Another area you will want to take a look at is your retirement accounts (pensions, 401-Ks, IRAs, Roth IRAs, etc.).  Are you saving enough toward retirement?  If your company matches any portion of your contribution be sure that you are contributing at least as much as they will match.

How about insurance?  Do you have adequate insurance on your home, car and any other property you might own?  Do you have life insurance?  Have you talked with your agent since you purchased it?

Have you ever taken a look at your credit report?  Did you know that once a year you can download your credit report for free from each of the three major credit reporting agencies? The website to download these is https://www.annualcreditreport.com/cra/index.jsp  If you are asked for a credit card, then you have gone to the wrong site.  This is totally free.

From this point forward, make a habit of checking at least your bank statements and credit card statements monthly for any unexplained or unexpected charges. Following these financial check-up tips will help you to avoid future problems.

Have a blessed day.

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