Redstone Federal Credit Union

MID-YEAR FINANCIAL PLANNING Make moves now to solidify your finances. Update your passwords. It's an important step in protecting yourself against fraud. Use strong passwords and change them regularly, especially for online accounts with personal and financial information. Check on tax-deductible expenses. is makes tax time easier. Collect and organize records on medical expenses, interest you're paying on loans, your charitable contributions, and more. ink ahead. e holidays are likely the most expensive time of the year! Start saving now to be prepared and minimize the stress of the season. Learn something. Educate yourself on topics like investing and increasing your credit score to become more financially savvy. Redstone can help! Find ways to improve your financial wellness by visiting our online financial education resources. We also offer personal loans that are perfect for consolidating debt and certified financial counselors to help with those complex situations. 4 | r e d f c u.o r g Do your financial plans from six months ago still make sense? Are you following the plan? Use this checklist to find out. It's an opportunity to review your progress toward your goals and adjust as needed to ensure a solid financial future. Revisit your budget. Look at your spending categories – housing, food, entertainment, etc. – and savings categories like your emergency fund and retirement. How does what you planned compare to what happened? Are you on the right track? If not, develop strategies to get there. You may decide to cut back on spending or use extra savings to pay off debt or to increase your retirement contributions. Your budget should be realistic and reflect your long-term goals. Do something about debt. If your balance due is growing or you want to eliminate it faster, consider a debt consolidation loan or transfer balances from a high-rate credit card to a better option. Review your credit report. Request a copy from the three nationwide credit bureaus, check it over, correct mistakes, and look for fraudulent activity.

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