Getting Financially Organized Before Year-End
Getting organized is about taking small steps that make tomorrow a little easier.
Fall is a good time for that. The air turns cooler, the days are shorter, and let’s be honest – everyone has a few financial to-dos that keep getting pushed to “next week.” It’s the perfect time to stop the cycle and put things back on track.
Here are a few ways to get started before the year wraps up.
1. Review your recurring bills and subscriptions
Take a fresh look at what’s being paid automatically. Are there subscriptions you no longer use? Services that increased in price without notice?
Cancel what you no longer use and, if there’s more than one person in your household, make sure you’re not paying twice for the same service or app. It happens more often than you’d think.
2. Tidy up your paper and digital records
You don’t need an elaborate filing system, just one that works for you. Choose a spot for incoming mail so bills, insurance statements, and tax documents have a home instead of getting lost in your inbox or landing in a random pile. The goal isn’t perfection, it’s knowing where to find what you need when you need it.
If you don’t need it, get rid of it — securely. Delete, shred, or recycle it once any personal information is removed.
3. Review your insurance and benefits
Fall open enrollment is the time to review health, dental, and vision plans, but also consider life insurance and long-term care coverage. Confirm that beneficiaries are up to date and that coverage levels still fit your needs. While you’re at it, confirm the beneficiaries on retirement accounts too.
4. Prepare for tax season
Gather donation receipts, investment statements, and other documents in one place. Note any estimated tax payments due in January. If you work with a tax professional, this is a good time to ask about potential deductions or contributions before the year closes. Future you will be glad you did this!
5. Review account access and authorizations
Ensure you can log in to all key financial accounts and that recovery options such as backup email or phone number are current. For couples or families, confirm who has access in case of emergency and document that information securely.
6. Set yourself up for next year
Mark your calendar for recurring tasks like checking credit reports, reviewing spending, and updating passwords. Building these into your annual rhythm makes financial upkeep feel more routine and less daunting.
Getting organized doesn’t have to be complicated. The key is to start small and stay consistent.