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9 Personal Finance Tips for Third Quarter 2021

July 12, 2021
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9 Personal Finance Tips for Third Quarter 2021

We’re halfway through 2021, which means it’s the perfect time to check in on your financial goals and objectives for the year.

Review our top 9 personal finance tips for third quarter and see what you can do now to end the year strong. Contact your certified financial planner, Paul Kalra, at Signature America Wealth Management, Lake Forest, California, to discuss your third quarter goals.

#1: Know Where You Are and Adjust Accordingly

Assess what you’ve financially accomplished year-to-date and where you are in achieving your objectives for the year.

Review your retirement and savings goals, your debt objectives, and your cash flow without judgment.

#2: Organize Your Finances

Much like the previous personal finance tip for third quarter, this one does not require you to spend a dime. It will, however, require your time.

If you have a habit of tossing financial paperwork in a drawer (or in a shoebox in your closet - you know who you are!), gather it up, and organize it.

Not only will this exercise help declutter, but it will also lessen stress when tax time rolls around next year.

#3: Plan Now for the Holidays

While most of us don’t want to think about Christmas in July, it’s not a bad idea to take some time now to plan our holiday spending. Thanksgiving and Christmas travel, holiday gifts, and New Years – it adds up quickly if we don’t plan accordingly.

Take an afternoon to plan. Create a budget for your holiday spending.

#4: Check on Your Investments

Knowing where you are in relation to your retirement and investment goals helps keep you on track and committed. If you aren’t contributing as much as you planned, you still have time to course correct. If you are on track, see if you can contribute more.

If you received your IRA or 401(k) statements, but have yet to look at them, dig them out of that file cabinet or junk drawer, and take a good hard look.

#5: Contribute More to Savings and Retirement

Stretch yourself and see if you can contribute more to both your emergency fund and your retirement accounts.

Even if you can only afford to squirrel away a few extra hundred dollars a month, it will add up over time ‒ especially if you’re contributing more each pay period to your 401(k) or IRA ‒ because of the magic of compounding.

Heck, even an extra $50 a month is better than nothing.

#6: Rebalance Your 401(k)


This personal finance tip for third quarter does not require you to contribute more of your paycheck or cut back on debt in order to stay on track with retirement goals.

Rebalancing your 401(k) account allocations may help you earn and keep more of your retirement savings.

We recommend rebalancing your account allocations every quarter, or four times a year.

#7: Review Your Credit Reports

With the rise of cybercrimes this year, it’s advisable to review your credit report to ensure nothing shows up that’s not yours.

Reviewing your credit report and bank statements regularly may not prevent theft, but catching issues early may prevent more headaches in the long run.

#8: Educate Yourself

We’re lucky to live in a world where access to free information comes with the touch of a button. Why not take advantage of this and become financially literate?

Take some time and school yourself. Every week, 401(k) Maneuver publishes articles and videos on YouTube to help you take control of your financial future.

#9: Seek Professional Help

This final personal finance tip for third quarter may make a significant impact on your overall financial health and your retirement savings.

It doesn’t matter how much money you have saved, how much debt you have, or how far away from or close to retirement you are.

Speaking to a third-party expert, such as your certified financial planner, Paul Kalra, at Signature America Wealth Management, Lake Forest, California, can help you get on track with your financial goals.

For more information CLICK HERE to schedule a FREE 15 Minute CONSULTATION!

Or, ENROLL NOW in our 401(k) Management Plan.