Falling Into Budget Cleanup
As the days get shorter and cooler, and the holidays approach, fall is the perfect time to give your finances a seasonal refresh.
Take the time now to declutter your spending and refocus on your priorities can set you up for a stress-free winter. Here’s how to get started.
Take Inventory of Your Subscriptions
It’s easy to let recurring charges keep stacking up, especially during busy seasons. From streaming services to fitness apps, subscriptions can quietly eat away at your budget.
With Subscription Manager, available in Service Credit Union’s online banking platform, you can see all your recurring charges in one place and cancel the ones you don’t need in just a few clicks.
When reviewing your subscriptions, ask yourself:
- Do I use this service regularly?
- Is there a lower-cost or free alternative?
- Will I really miss it if I cancel?
By cutting back on subscriptions you don’t use, you’ll free up cash for winter expenses or holiday savings.
Review Everyday Spending Habits
Small habits can make a big difference. Maybe summer had you spending more on takeout, travel or iced coffee runs. Now is a great time to review your transactions and spot patterns that might need adjusting.
Try setting limits in areas where costs add up quickly. For example:
- Dining out: Swap a few restaurant meals for home-cooked dinners.
- Special treats: Whether it was constant ice cream runs or a daily iced coffee over the summer, you can still treat yourself, but try to limit it to once a week.
- Online shopping: Wait 24 hours before buying non-essentials.
Even small changes can add up to extra savings: money you’ll want handy for holiday shopping or paying for winter expenses.
Lower Your Monthly Bills
Before winter bills start to rise, check if you’re paying too much for things such as cable, internet, or insurance. A quick call to your providers could save you money—many offer seasonal deals or loyalty discounts.
Pro tip: Compare competitor pricing before calling. Providers are more likely to offer a better rate when they know you’re considering switching.
Put Your Savings to Work
Any savings you free up should go straight to your goals. That could mean building an emergency fund for unexpected winter expenses, paying down debt, or boosting your holiday budget.
Wrap Up the Season With a Stronger Budget
Just like raking leaves or preparing your home for colder weather, a fall financial clean-up helps you prepare for what’s ahead. By reviewing your subscriptions, trimming everyday spending, and setting aside savings, you’ll head into winter confident and ready.
