It’s summertime, and the livin’ is easy!
But in between firing up the grill and packing your bags for the beach house, it's also important to make sure your finances are set for the season.
So, we decided share five timely money tasks that will help you soak up some crucial financial wisdom—before you go soak up the sun.
1. Pay Your Tax Bill If You’re Self-Employed, Own a Small Business or Freelance. Deadline: Friday, June 5
Freelancers, small-biz owners and those who work side-gigs are responsible for paying their taxes every quarter—and with the second-quarter payment due June 15th, you'll want to make sure you're on top of your records. Get started now with our comprehensive guide to paying taxes as a freelancer.
2. Refuel Your Motivation. Deadline: Wednesday, June 10
Feeling burnt out? Summer can be the perfect time to give yourself a much-needed motivational boost.
After all, June is the “Sixth-Month Money Mark"—meaning, it's been about half a year since you made your New Year’s financial resolution. And after months of hard work, it's only natural if you're starting to feel a little fatigued.
But whether you're aiming to shore up enough for a down payment this year or finally pay off that last piece of credit card debt, there’s nothing like a warm sunny day to get your inspiration going. Up your motivation by reviewing your progress so far, creating your own money goal mantra and checking out what one behavior expert has to say about staying driven.
3. Schedule a (Smart!) Splurge. Deadline: Thursday, June 18
Treat yo' self! June 18 is National Splurge Day—so celebrate by planning a (budget-friendly) summer indulgence. Perhaps you want to take the family on a weekend staycation. Or maybe it's as simple as beating the heat with a sweet gourmet treat. Contrary to what you might think, a heart-happy treat doesn’t have to break the bank: Read up on how to have a smart splurge for an economical $20 or less.
4. Home In On Your Health. Deadline: Wednesday, June 24
When it comes to being well, your physical health and financial health usually go hand-in-hand. So take advantage of your more relaxed summer work hours, and schedule an appointment with your physician now. While you're at it, be sure to check with your employer or insurance provider to see if you can score any discounts or reimbursements on fitness classes. Even better? Save money by putting your gym membership on pause—and download these free workout apps instead.
5. Revisit Your Budget. Deadline: Sunday, June 28
As you come up on the mid-year mark, check in on the budget you created in January. Have you received a raise in the last six months? Then account for how you’ll use that new cash. Find yourself consistently overspending? Whip yourself back into shape by starting with a $0 day. And remember: Even if you've stumbled along the way, you probably still have plenty of time to get back on track.
LearnVest Planning Services is a registered investment adviser and subsidiary of LearnVest, Inc., that provides financial plans for its clients. Information shown is for illustrative purposes only and is not intended as investment, legal or tax planning advice. Please consult a financial adviser, attorney or tax specialist for advice specific to your financial situation. Unless specifically identified as such, the individuals interviewed or quoted in this piece are neither clients, employees nor affiliates of LearnVest Planning Services, and the views expressed are their own. LearnVest Planning Services and any third parties listed, linked to or otherwise appearing in this message are separate and unaffiliated and are not responsible for each other’s products, services or policies.