The end of the year is approaching, and that means that now is a great time to prepare for what’s next. Looking ahead, you can find a number of great deals, low prices and seasonal sales. Here are 4 things to do as we move into the last part of the year:
1. Get Ready to Save On Heating Costs
Now is a great time to have your furnace looked at and serviced. A well-maintained furnace can save you money all winter. While you’re at it, check for air leaks in your home. You can also plan to seal off windows, and use weather stripping on doors. You can also beef up your insulation. There are still some energy efficiency tax credits available for 2011, so you could get a tax break for your efforts.
2. Consider Your Tax Efficiency
Not only are there energy efficiency tax credits available, but there are other ways to reduce your tax bill. This last part of the year is a great time to consider your taxes, and what might be of use to you to do. Think about credits you might be eligible, and make plans to take advantage of deductions. Consider selling investments at a loss, charitable tax deductions and other deductions that might come in handy for you as the year draws to a close. Get these tax breaks in now, before the end of year.
3. Start Thinking About the Holidays
From Christmas gifts to holiday travel, now is the time to start thinking about what’s next. You can start your Christmas budget so that you aren’t scrambling for more money later. Now is also a good time to book holiday travel. You can get better deals by booking in advance. Some sites, like Orbitz, will guarantee you the lowest fare on some flights, so even if the price drops later, you will still get the best deal. The closer you get to the holidays, though, the more expensive travel will be. If you know you will be going somewhere for the holidays, make plans now.
4. Seasonal Sales
Now is the time to take advantage of seasonal sales. You can save money on landscaping items like trees, shrubs and even sod. It’s also a good time to get patio furniture, lawnmowers and camping gear. All things summer are likely to be on sale right now from clothing to swim stuff to outdoor games. If you have been waiting, now is the time to buy. Look for the best deals can save a great deal of money as you head into the end of the year.
Bottom Line
Now is a great time to get your finances in order. You have the rest of the year to take advantage of great savings, and even squeeze in some tax breaks. Take a few minutes to analyze what you might need for the rest of the year, and figure out how you can use sales, tax breaks and more to your advantage. Then, make a plan and stick to it.
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