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Finance for Parents

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

By Allison KadeJun 3, 2019

Melty red popsicles, sticky sunscreen, naps on lawn chairs… Summer is finally arriving and we’re all about it. For many of us, it’s a long-awaited chance to spend quality time with our families. Maybe even get out of town.

Summer’s also a great time to catch up on things that we’ve been putting off during the more frenetic months at 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 Time With Your Family

That’s really what it’s all about in the end, isn’t it? Take a few minutes now so when things get busy again, you can spend your time with a picture book and a kid in your lap—not your financial records.

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 iPhone app lets you upload your financial accounts, and even grant access to your spouse to make managing your money that much easier.

2. Do Some Organizing

Summer’s a great time for going through your closet and old albums. While you’re arms deep in memories, take the extra time to 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

Lots of people are away on vacation at this time of year, but things tend to get more serious when the weather starts to get crisp again. Use the lull to 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. 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?

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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.

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.


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Written by

Allison Kade

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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.

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