Each year, it’s a good idea to review your financial health, and summer can be a great time to check a few things off your list. Here are some ideas of tasks and accounts to check into to get you started:
- Request your credit report. Check your report for errors and get an updated score.
- You can check your credit report for free in a few easy steps. Here’s how:
- Visit the official website
- Go to AnnualCreditReport.com — this site is authorized by federal law to provide free credit reports from all three major credit bureaus:
- Equifax
- Experian
- TransUnion
- Fill out a request. You’ll provide:
- Your full name
- Date of birth
- Social Security number
- Current and previous addresses (if you’ve moved in the last 2 years)
- Choose which reports to view. You can request reports from one, two, or all three credit bureaus.
- You can get a free report from each bureau once a year, but through December 2026, you can get one free report from each bureau every week.
- You can check your credit report for free in a few easy steps. Here’s how:
- This can also be a great time to review your budget and spending habits to adjust for changes in income or expenses that may be coming up.
- Reassess your savings goals, including emergency funds and retirement contributions
- Evaluate your insurance policies (health, auto, home, and life) to ensure adequate coverage
- Review your investment accounts
- Confirm that your will and beneficiary designations are up to date
- Look over your tax contributions to plan for deductions or changes
These tasks don’t have to be done in summer, but plan to complete them once a year. Doing them once a year can help keep you prepared and on track financially.
Written By:
Alisha Barton, Family and Consumer Sciences Educator, Ohio State University Extension, Miami County, barton.345@osu.edu
Reviewed By:
Zoie Clay, Family and Consumer Sciences Educator, Ohio State University Extension, Lawrence County, clay.256@osu.edu
Sources:
Dohn, K. (2019, October 24). Get money smart. 25 tips to improve your financial well-being. Consumer Financial Protection Bureau. http://www.consumerfinance.gov/about-us/blog/get-money-smart-25-tips-improve-your-financial-well-being/
Home Page. Annual Credit Report.com – Home Page. (n.d.). https://www.annualcreditreport.com/index.action