Heading into the holiday season, Financial Planning Month reminds us to keep our spending in check and prepare our budgets. While it’s always better to give than receive, it’s smarter stick to a budget all year long. That’s why Finacial Planning Month takes a fresh look at our spending habits in October.

Depending on where we are in life, our approach to budgeting changes. However, if we start out saving and planning for our financial future when we’re young, the target is easier to make.

Make a budget. Review the last few months of expenses and cut expenses where you can. Reduce meals out and luxury items. Memberships and drive-thru coffees add up.

Pay bills on time. Late fees and penalties result in extra costs and harm your credit.

Start saving. A little every month becomes a habit quickly. If your employer offers a 401k with a matching benefit, contribute to the maximum allowed. For every dollar you don’t contribute to the matching limit, you’re throwing away money.

Sell what you don’t use anymore. If you have things collecting dust, taking up space or otherwise not being used, get rid of it. It may be worth something. Whether it’s value is in recycled metal or the eye of the beholder, it doesn’t matter.

Can’t sell it? Donate. Qualified donations are tax deductible. Don’t forget to ask for a receipt and claim it on your tax return.

See a financial planner. They will help you with your goals and set you on the path to success.

From nationaldaycalendar.com