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Hello, November! The holiday season is about to kick off, and that usually means reunions with family and friends. But it can also mean a deluge of year-end spending, whether you’re hosting a big Thanksgiving dinner, traveling or getting a jump on gift buying.
Don’t worry: We’ve put together five tasks to help you stay on track with your finances while enjoying everything the season has to offer. Talk about a win-win!
1. Make Your Open Enrollment Selections
November 1 kicks off open enrollment season, or the time to choose your health insurance plan for 2019 if you’re shopping on the marketplace. There are some changes to this year’s offerings, so this guide can help you prepare. If you receive health insurance through your employer, you’ll likely also be choosing your plan around this time. Finding the right health insurance plan can make a big difference in your budget, so make sure you understand all the costs associated with each one.
2. Assess Your Money Goals
It's hard to believe the year is almost over, and if you made money goals in January that you aren’t quite on track to reach, you may be panicking. The good news? There’s still time to make real progress. This guide can help you make the most of the time you have left, while also setting yourself up for an even better 2019.
3. Lower Your Utility Bills
As the temperature drops, you can expect your utility bills to rise. If you’re still haunted by last year’s bills, now is the time to get proactive so you don’t experience the same pinch to your wallet this year. Check out these easy ways to cut winter energy bills. And don’t worry, renters, there are options for you too.
4. Prep for Awkward Family Questions
November kicks off the season of family time — lots of family time. And while we love our relatives, sometimes they can be a little too interested in our personal — and financial — lives. To prep for the dinner table interrogation conversation, here’s how to handle some awkward money questions your family might throw at you.
5. Practice Gratitude
It’s easy to rattle off what you’re grateful for at the Thanksgiving table, but how much time do you otherwise take to acknowledge your good fortune? Research shows that practicing gratitude can actually help keep your spending in check (that can come in handy this Black Friday). And if you’re looking for some inspiration for how to express thanks, read about one woman’s year-long baking project.