July: Personal Finance Calendar

Setting a regular schedule to review your financial situation is vitally important to your financial health and overall well-being. This Personal Finance Calendar suggests the kinds of financial review you should complete monthly and periodically, lays out a month-by-month schedule of significant financial events and documents to evaluate and update ongoing, and discusses reviews to undertake when major life events occur.

July: Periodic Financial Tasks & Timely Monthly Tasks

This section provides reminders of periodic and timely financial tasks. Use this section to take the regular actions on your personal finances the NFEC recommends, or download a generic task calendar and create your own schedule.

Reflect on Progress – July marks the halfway point in the year. Thus it’s an excellent time to reflect on your progress so far this year and update your annual financial goals. You can make any necessary adjustments to this year’s financial plan, as well as to your overall long-term plan.

Semi-annual Check-in of Personal Financial Situation – Review your current situation in-depth and identify areas of strength and challenge.

Semi-annual Check-in to Diagnose Your Current Situation – Think through the root causes of any challenges you are facing so you know which areas of your finances to address.

Semi-annual Check-in Prioritization of Financial Areas – Take some time to think about what’s important to you and how you can improve your financial situation in the coming year. Write down your priorities, identifying which areas are most important and urgent to address.

Semi-annual Check-in Financial Goal-writing – Set, update, check progress, and/or modify long-term goals. Use the SMART method of goal-setting to help you develop reasons and motivations to accomplish your goals.

Regular Monthly Tasks, Birthdays, & Life Events 

To best manage your finances, there are regular monthly tasks required to ensure that you’re working toward your financial goals and protecting your finances. Additionally, there are important life events and birthday events you should be aware of to ensure that you’re prepared.