May: 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.

May: 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.

Tax Meeting – Schedule a meeting with your tax planner after tax season to discuss how you can reduce your taxes in the future. After reviewing any changes to your income and finances that have occurred over the past year, your tax professional will be in a better position to advise you about possible tax reduction strategies you can implement for the current year.

Income – Evaluate your income situation, goals, and overall plan. This step is particularly important if your work situation has changed – e.g. raise, layoff, or new job.

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.