February is a great time to show your finances some attention. Simple steps now can help set you up for success all year long. Here are quick, smart money moves to try this month:

Refresh Your Budget

A clear budget helps you see where your money goes and stay focused on your goals.

• Track your spending: Review recent statements and spot patterns.
• Set goals: Define what you want to save for.
• Follow the 50/30/20 rule: Direct income to needs, wants, and savings or debt.

Boost Your Savings

Put saving on autopilot. Set up automatic transfers from your checking to savings account – even small amounts matter. If you have a high-deductible health plan, consider opening a Health Savings Account (HSA) for extra tax benefits.

Manage Debt Wisely

Paying off high-interest debt frees up money for your future goals.

• Avalanche method: Pay off debts with the highest interest first.
• Snowball method: Start with your smallest debts for early wins.

Stick to the method that works for you, and stay consistent.

Plan Ahead

Review your progress on long-term goals like retirement or education. Make sure you’re contributing enough to retirement accounts to get any employer match, and consider a small increase if you can. Write down one or two financial goals for the year to keep yourself motivated.

Taking care of your finances is ongoing, but small steps now make a big difference. If you need help, connect with a financial partner to discuss your plans and set a strong path forward.

 

This is general guidance. Consult legal and tax professionals when applicable.