Staying on top of your financial life can be a daunting task, however if you tackle a few smaller tasks every month it becomes more manageable. Here are 3 things you can do in October to help to keep your financial life on track this year:
Open enrollment is the perfect time to review what your employer offers to help you manage your finances.
Did you have a baby this year? If so, you may be interested in the dependent care flexible spending account.
Is your employer offering a high-deductible health insurance plan? If so, you should learn more about the benefits of a health savings account (HSA)
SUBMIT YOUR TAX RETURN
If You’ve Filed for an Extension Submit Your Taxes by October 15th.
October 15 is the last day that you can submit your taxes if you’ve filed for an extension.
ESTATE PLANNING TASKS
Since you may be dealing with open enrollment this month, you can also tack on some estate planning tasks.
First, check the beneficiary designations on your retirement plans and make updates if needed.
Also, while you’re at it take a look at your will and health care directive to see if want to make any changes there.