What Financial Steps Might Tech Professionals Take in August?
Hello, I’m Kevin - a financial planner who helps tech professionals and their families live great lives.
Make yourself at home - we'll get to potential steps for August in a moment.
But first - here are some links you may want to save for later.
Are My Assets in the Right Location?
My Goal? Help People Reach Financial Independence!
Now, let's get on to the blog! 😀
I hope you’re enjoying your summer!
August Financial Steps
Potential steps tech employees might take in August include:
Shop for Back to School
Take summer vacation
Review investments
Submit dependent care reimbursements
Check financial independence plan
1. Shop for Back to School
For families with students, it can help to get a jump on Back to School.
Consider purchasing items on the school supply list as soon as they come out. It’s possible The List has already been posted so be sure to check. Items can sell out quickly.
Buy new school clothes early. No-one wants to find out on the first day of school that a garment’s the wrong size!
Getting them early can prevent tears regardless of whether a family uses:
online shopping,
curbside pickup, or
store visits.
2. Take Summer Vacation
There may still be time to take that last vacation!
If possible, take a break. A few days away or even a staycation can help everyone recharge.
For those of us on the West coast, taking vacation now could avoid fire season.
For more, check out:
Vacation + Disaster = Adventure
3. Review Investments
Some tech employers vest Restricted Stock Units throughout the year.
Now is a good time to plan what to do with those shares.
4. Submit Dependent Care Reimbursements
Camps are expensive!
When our daughter was little, a lot of our dependent care expenses came in the summer.
If you’re enrolled in the Dependent Care Flexible Savings Account (FSA), now might be a good time to submit for reimbursements.
Digital receipts can simplify the process.
5. Check Financial Independence Plan
Hasn’t summer been wonderful?
Has it helped you clarify your vision of the future?
Now might be a good time to revisit your long-term plans and forecasts!
For years, my family used a simple forecast for net worth and spending. Check out the complimentary financial independence course if you’re looking for a place to start.
Hey, thanks for reading my post on potential financial steps a tech professional can take in August.
Just a reminder, I share a lot of resources that can help you.
Disclaimer
In addition to the usual disclaimers, neither this post nor this image includes any financial, tax, or legal advice.
