Here are five smart ways to finish the year strong:
Start Planning for Holiday Spending Now
The holidays are often one of the most expensive times of the year. Creating a plan before the season arrives can help you avoid last-minute financial pressure and reduce the temptation to rely on credit cards.Consider the following when you create your holiday plan:
- Make a list of everyone you plan to shop for
- Set a spending limit for each person
- Save a little from each paycheck for holiday expenses
- Watch for sales and special promotions in the coming months
- Create a gift list to help prevent impulse purchases
Give Your Budget a Quick Checkup
Life changes throughout the year, and your budget should change with it. Taking a few minutes to review your spending can help identify opportunities to save and make adjustments before the year ends.Ask yourself:
- Am I spending more than expected in certain categories? Some items such as food, fuel and insurance may have stretched your existing budget and require you to make unplanned adjustments.
- Has my income changed this year?
- Have my regular expenses increased or decreased?
- Am I paying for subscriptions or services I no longer use? Take an honest look at items you haven’t used in recent months. Ask yourself if you truly need these subscriptions or are there other alternatives?
Make the Most of Your Health Savings Account (HSA)
If you're enrolled in a qualifying high-deductible health plan, now is a great time to review your Health Savings Account (HSA) and consider the following:
- Check your current HSA balance
- Review your contribution level
- Plan for upcoming healthcare expenses
- Schedule routine appointments before year-end
- Make sure you're prepared for deductible resets in the new year
Take a Fresh Look at Your Retirement Savings
Year-end is also a natural time to review your progress toward retirement goals.You may want to:
- Increase your retirement plan contributions
- Review your investment allocations
- Check your progress against long-term objectives
- Confirm you're taking full advantage of any employer matching contributions
Stay Alert to Fraud and Scams
Scammers are especially active during the holiday season, often taking advantage of increased online shopping and charitable giving.Protect yourself with these best practices:
- Using strong, unique passwords for each account
- Considering a password manager to securely store credentials
- Verifying charities before making donations
- Being cautious of urgent requests for money or personal information
- Avoiding links in unexpected emails or text messages
Looking Ahead
Financial success isn't always about making dramatic changes. More often, it's the small, intentional steps taken consistently over time that produce the biggest results. As the year winds down, take a few moments to review your finances, make any needed adjustments, and position yourself for a strong start to the new year.What small financial move can you make today that your future self will thank you for?
Consumer Tips General HSA Retirement Saving Money
September 29, 2026 by Iowa State Bank
