Sign In
Get Started
Finance for Parents

5 Quick Ways to Stay on Top of Your Money This Summer

By Allison KadeJun 2, 2020

Melty red popsicles, sticky sunscreen, naps on lawn chairs…

Summer is finally arriving and we’re all about it. Especially after months of quarantine staring at nothing but our family members and our living room walls, or protesting and feeling drained about the state of the world, we're eager for summer to give us a chance to recharge.

Summer’s also a great time to catch up on things that we’ve been putting off during the beginning of the year, and it’s a chance to get ahead of the busy months to come.

Today’s quarterly check-in is about taking it easy, while also feeling on top of your game.

1. Reclaim Your Time

If we’ve learned anything from the past few months of juggling kids at home with all our other priorities, it’s that time is more valuable than ever. If we can find a way to help you claw back any spare minutes, count us in.

One way to do this is to automate your transactions. That includes transfers to savings and bill payments. (Still review your bills, though, so you know where you’re spending or if, say, your electricity costs have spiked.)

You can also save time by getting all your financial accounts in one place. Fabric’s free mobile app lets you upload your financial accounts, and even grant access to your spouse to make managing your money that much easier.

2. Get Your Life in Order

Summer’s a great time for going through your closet and old albums. While you’re arms deep in memories, update or write down a list of your important files, accounts and details so your loved ones would know where to find everything if something happened to you.

That could range from a copy of your driver’s license to where to find your will, and info on your life insurance policy. (Full disclosure: If you don’t have life insurance, you can apply for term life insurance through Fabric, online, in about ten minutes.)

3. Regroup on Your Career Priorities

As the weather gets crisp in the fall, people might start going back to work in person, and jobs might become even more demanding than ever.

In the meantime, list out your career objectives. What do you want over the next year? Five years? Ten years?

If you’re thinking about returning to the workforce after taking time away, this is an opportunity to think about your timeline. Same goes if you’ve recently been set back by the pandemic and its economic crash.

Think: Who can you network with? What kinds of jobs are you interested in? How will that affect your family’s finances and your childcare needs?

Life insurance isn't for you...

It's for your family. Fabric makes term life insurance simple, even for busy humans with boisterous kids.

Apply in 10 minutes

4. Check In on Your Credit Score

We like to suggest that you check your credit score once a quarter, to make sure that your finances are trending in the right direction and that there’s no foul play on your account. You can use a free service like Credit Karma to get your score—and they have an app, so you can even do it from under a beach umbrella.

While you're at it, you might take the opportunity to focus on ways to improve your spending and saving habits. For example, you might take a critical eye to whether you're actually using all your monthly subscriptions (do you really need Netflix and Hulu Plus and Disney+?). You might also try some techniques to lower your summer electricity bill, optimize your bank accounts and credit cards through a site like Bankrate, and compare auto and home insurance rates through Insurify.

5. Daydream a Little

Soon enough, that teething baby will be waiting up for the Tooth Fairy; that ranting toddler will be going on their first date. 

Let yourself daydream about your long-term goals: Are you saving up to buy a house? Do you want to go on a big family vacation? And what about things like retirement and saving for college—are you on track? If not, no need to harsh the summer mellow. Just pull out your phone and do some reading on where you are and where you should be, and make a plan for the future.


Fabric exists to help young families master their money. Our articles abide by strict editorial standards.

Are there people who depend on your income? Apply for a term life insurance policy today.

This material is designed to provide general information on the subjects covered. It is not, however, intended to provide specific financial advice or to serve as the basis for any decisions. Fabric Insurance Agency, LLC offers a mobile experience for people on-the-go who want a easy and fast way to purchase life insurance.


Subscribe to our newsletter


Written by

Allison Kade

Related Posts

Finance for Parents

A Pet Trust? Your Will? How to Care for Your Pet After You’re Gone

We may view our pets like family, but legally we can’t leave money directly to them. Here’s how to take care of Fido after you’re gone.

By Wendy Berkowitz
Finance for Parents

What You Should Know About Bequeathing to Charity in Your Will

Whether you call it a bequest, an endowment, a legacy, or simply a gift, leaving something behind to charity can be meaningful.

By Jessica Sillers
Finance for Parents

Do I Need a Lawyer to Make My Will?

Digital access to resources and online tools mean it’s easier than ever to write your own will online. But should you?

By Jacqui Kenyon

Fabric Picks

Finance for Parents

What Should You Do With a Life Insurance Benefit?

What is it like getting a life insurance death benefit? What should you actually do with it? We break it down with expert advice.

By Melanie Lockert
Fabric News

New Survey Shows Parents Are Planning for Their Financial Future

The pandemic has forced a lot of parents to think about protecting their families. Fabric conducted a study via The Harris Poll.

By Allison Kade
Fabric News

Coronavirus, Life Insurance and You

Do you need another company update that begins with, “In these challenging times…”? Really, though, here's what’s going on with coronavirus.

By Fabric

About Fabric

iOS

/

Android

Subscribe to our newsletter

© 2020 Fabric Insurance Agency, LLC

Fabric Instant is an Accidental Death Insurance Policy (Form VL-ADH1 with state variations where applicable) and Fabric Premium is a Term Life Insurance Policy (Form ICC16-VLT, ICC16-VLT19, and CMP 0501 with state variations where applicable). Policies are issued by Vantis Life Insurance Company (Vantis Life), Windsor, CT (all states except NY), and by Vantis Life Insurance Company of New York, Brewster, NY (NY only). Coverage may not be available in all states. Issuance of coverage for Fabric Premium is subject to underwriting review and approval. Please see a copy of the policy for the full terms, conditions and exclusions. Policy obligations are the sole responsibility of Vantis Life.

Fabric Insurance Agency, LLC (FIA) is an insurance agency licensed to sell life, accident, and health insurance products. FIA will receive compensation from Vantis Life for such sales. The NAIC Company Code for Vantis Life is 68632. See the Terms of Use for additional information regarding FIA.

Plan like a parent. is a trademark of Fabric Technologies, Inc.