Mother's Day, Memorial Day ... and whipping your money into shape?
That's right—besides the usual celebrations this season, May is also National Fitness Month.
And here at LearnVest, we're focused on getting financially fit.
So, we've compiled five money to-dos for you to tackle this month. From reviewing your credit report to scouting out scholarships for your college-bound kid, these timely tasks will help you flex your financial muscle.
1. Pull Your Free Credit Report. Deadline: Wednesday, May 6
Your credit report is the biography of your financial life. And this detailed record of your money's activity can impact everything from interest rates to your ability to snag a new apartment. In other words: making sure it's correct is crucial. Pull your report for free from one of the three major bureaus (Equifax, Experian and TransUnion)—and we'll walk you through how to sleuth for errors, in 10 minutes or less.
2. Host a Clutter-Clearing Garage Sale. Deadline: Saturday, May 9
Did your spring cleaning produce piles of clothing you're ready to part with? Turn that clutter into cash by organizing a garage sale. If you don't have enough items to host an event on your own, team up with neighbors or look into local centers or churches that run community-wide rummage sales. Or, go digital with these apps and websites that pay cash for your discards.
3. Scout Out Scholarships for Your College-Bound Student. Deadline: Wednesday, May 13
As the stress of finals winds down and the academic year comes to a close, it's time to ramp up research on how you'll cover future college costs. So, sit down with your teen and search for scholarship opportunities—using resources like the College Board's Scholarship Search, which provides details on more than 2,200 programs totaling nearly $6 billion. And don't forget to brush up on the ins and outs of financial aid, as well as consult the college planning office at your teen's school.
4. Plan a Family Financial Retreat. Deadline: Monday, May 18
Take advantage of the upcoming long holiday weekend by planning a fun, family financial retreat. It's exactly what it sounds like: a relaxing getaway that also helps your clan conduct an open conversation about money—and discuss how to reach your financial goals together. Not sure where to start? Read up on these expert tips to get the conversation rolling.
5. Slim Down Your Fitness Spending. Deadline: Friday, May 29
Wrap up the month by taking measure of your fitness outlay. If you're like the many New Year's Resolution-makers who vowed to get fit in 2015, you probably signed up for a fancy, three-figure gym membership ... that you rarely put to good use. But trimming your workout budget this season doesn't have to mean forgoing fitness forever. Find out how to devise a more cost-effective workout regimen, devise a home gym or even cut down on gym fees.
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.