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February Checklist – 4 Things To Do This Month

Coordinate Your Tax Forms
We’re not talking about last year’s taxes that you’ll be filing in a couple of months. Now is the time to create a safe place to keep the necessary paperwork for next year. Start a 2016 Taxes folder to organize all your records this year. Make a list of any charitable donations, save receipts of itemized deductions, and stash any tax forms that get mailed immediately into your new folder. Keep the folder current, and you’ll be the master of taxes come April 2017!
Cut Back on Winter Utilities
We’ve been lucky so far this winter, but February is looking to ramp up the weather and drive temperatures down. According to the Alliance to Save Energy, the average American household spends about $1,400 each year on energy bills. By taking small steps around your house, you’ll conserve your energy AND cash during some of the most costly utility months of the year. >> Read 10 Winter Energy Savers
Save for the Future
Take a look at how much you’re currently saving against your budget and see if you can increase your contribution. If you have a 401k, increase your contribution by 1%. If you haven’t maxed out your IRA, see about directly depositing more every month. Check out our current CD special and earn more for your dollar.
Plan Valentine’s Day Strategy
Before the 14th roles around, make sure you glance at your budget before setting any plans. Maybe you have a significant other, kids (and their classmates), grandkids, or teachers to think about. If you’re going to spend a little more in the “gifts” category of your budget, make sure that you’re cutting back appropriately in other areas of spending. Be sure to check out our Valentine’s Pinterest board for wallet friendly ideas and fun DIYs.

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See, that wasn’t so bad. If you’re new to the blog, get caught up on January’s financial to-do’s and let us know how you’re doing in the comments. Good luck keeping that wallet fit!