As the leaves fall and the sweaters come out, autumn is typically the time of year when many are feeling the financial effects of vacation-packed summers. This year there’s likely an additional element impacting you financially…the pandemic.
The cornucopia on your Thanksgiving table will soon be traded out for the last of the 2020 holiday décor and you’ll be on the hunt for the perfect gifts for each of your loved ones. A simple trick to not overspending is to adopt a solid spending plan and stick to it! By devising one now, you can enjoy the season without the burden of financial stress, more debt and regret later on. Investopedia offers these tips to get you started.
November is also the deadline for 2021 open enrollment periods for most employer-sponsored health insurance plans and the Affordable Care Act’s marketplace. Missing the deadline can be an expensive mistake. Make sure to dig deep and see what resources are available to you under which plans, if your current plan has changed and comparing the out-of-pocket costs associated with each option.
As always, if there is anything we can help you with, please don’t ever hesitate to reach out. We wish you safe and happy celebrating for the holidays to come!