It’s now past Labor Day, sadness I know, and that means that kids are headed back to school and the summer is officially over. As we head into the last part of the year, it’s important to make sure that your money is headed in a good direction as well. In this podcast, we will cover 6 items to tackle for your Fall Money Guide.
- Health Insurance open enrollment Open enrollment stars on November 1, 2015 and only runs until January 31, 2016. This means that you’ve got to pay attention and be ready when the time coms.
- End of the year IRA contributions – Don’t forget that you can make your contributions for 2015 all the way up to April 15, 2016 when you file your taxes.
- It’s bonus time– The end of the year means that bonuses are right around the corner. Do you have a plan for your bonus? Remember that a healthy chunk is taken away in taxes, so plan wisely for these funds.
- Create a money filing system– Before the end of the year, it’s a good idea to get a money filing system in order to keep track of all your important documents, tax information and all those loose papers that need a home. Whether it’s online with a password secured vendor, or an old school accordion file at home, make sure it’s someplace you can find it easy, and that it’s secure.
- Entrepreneur taxes– The end of the year is a good time to make an inventory list of all the stuff you need to buy for your business in 2015 to take advantage of a tax deduction. Things like computers, phones, software and new marketing systems are always good choices. Make sure you save the receipt, and buy them before December 31, 2015.
- Donate- Donations make you always feel really warm and fuzzy inside. Giving to other people is part of the Millennial Money anthem. There are a few rules you need to follow though if you are going to donate, like saving your receipt and making sure the charity is legit.