As the year winds down, it’s the perfect time to take stock of your finances and set yourself up for success in the new year. Whether you’re looking to maximize savings, reduce stress, or simply get organized, this checklist will help you finish strong.
1. Review Your Budget
Take a look at your spending over the past year. Are there categories where you consistently overspent or underspent? Use this insight to adjust your budget for next year and plan for seasonal expenses like holiday travel or winter heating bills.
2. Check Your Credit Report
Request a free copy of your credit report at AnnualCreditReport.com. Look for errors, unfamiliar accounts, or signs of identity theft. A healthy credit score can help you qualify for better rates on loans and credit cards.
3. Maximize Retirement Contributions
If you have a 401(k), IRA, or other retirement account, consider making additional contributions before the year ends. This not only boosts your future savings but may also reduce your taxable income.
4. Use Your FSA Funds
If you have a Flexible Spending Account (FSA), check your balance and spend any remaining funds before they expire. Eligible expenses include medical appointments, prescriptions, and even some over-the-counter items.
5. Plan for Tax Season
Gather receipts, donation records, and other documents you’ll need for filing taxes. If you made charitable contributions this year, be sure to document them properly. Consider scheduling a meeting with a tax advisor if your financial situation changed significantly.
6. Set Financial Goals for Next Year
Think about what you want to achieve in 2026—whether it’s buying a home, paying off debt, or building an emergency fund. Setting clear goals now gives you a head start and helps you stay focused.
7. Schedule a Financial Review with Us
Fond du Lac Credit Union is here to help! Schedule a free financial checkup with one of our financial counselors to review your accounts, explore savings opportunities, and make sure you’re on track for the new year.
Let’s make 2026 your strongest financial year yet. Stop by our branch or give us a call to schedule your year-end review—we’re here to help every step of the way.