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Ten Annual Home Financial Tasks

Ten Annual Home Financial Tasks

It’s the third quarter and if you are like me, you have set goals and are trying to stick to them! I have monthly action items and then I schedule monthly and quarterly times for follow-up. I  schedule these annual home finance tasks and duties on the calendar with an actual appointment time so I have focused time to work on DA financial duties and get them done without distractions. DA financial duties encompass not just paying bills but also keeping an eye on the financial ball.

Paying bills online has its advantages but not receiving a snail mail bill that you open and examine in your hand has its disadvantages. Email boxes get full and I know some of my important documents have scrolled into oblivion – especially electronic receipts. It’s easy to do but you know the saying – out of sight out of mind!  I really like using a separate email account for household bills and financial statements that I can move bills to and review, pay, enter into our budget or dispute on my schedule DA appointment time.

My TopTen Annual Home Financial Tasks are:

  1. Check your Credit Report at Click here for more info. How to Check your Credit Report.
  2. Review your utility and technology contracts. Mark the contract end dates on your calendar and research new rates 30 days out. I have friends that change electric service providers every three to four months to capture new customer promotional rates. The rates are generally about 20% off the regular rates. These savings can add up if you are willing and able to manage the frequent provider changes. If flipping plans, have a structured process to review and transfer to a new plan by the end of the promotional period of the current rate.
  3. Review your bank statements for new charges or new services that may cost or save you money. Yes, they send you notification, but do you always read them?
  4. If you have not done so, create and/or review your annual household budget. Be sure and add line items that are unique to your household and your own career professional development. 
  5. Review your year to date monthly expenses and make changes if necessary.
  6. Create or update your annual net worth work sheet.
  7. Review your annual online Social Security statement(s) at
  8. Register for weekly utility usage email or electronic updates through your electric or gas service provider. These weekly updates have been powerful tools to remind us to turn off lights, close doors, monitor clothes washing and unplug any unnecessary electronic devices to reduce utility drain.  Quick tip!  Create separate email folders for your calendar year medical, financial statements (401K, etc), bills, online purchases, eBay, Craigslist, or whatever important documents need to be moved to a “follow-up” or disputing charges.
  9. Check the location of all of your important documents and files for home management including your process for paying bills, location of legal documents and medical record and history information.
  10. Tell your spouse, partner, significant other or appointee where your information is located!
  11. Getting ready to retire?
  12. Helping a loved one?
  13. Need help managing your personal, financial and medical documents? 
    Click here to download your own portfolio and get started today!
    Hard copy, downloadable pdf and Excel Workbook versions available!



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