Title: "August" on top. Background is a photo of a wheat field. Below that are check boxes for Shop for Back to School, Take summer vacation, Review investments, Submit reimbursements, and Check financial plan.

I hope you’re enjoying your summer!

August Financial Steps

Potential steps tech employees might take in August include:

  1. Shop for Back to School

  2. Take summer vacation

  3. Review investments

  4. Submit reimbursements

  5. Check financial plan

1. Shop for Back to School

For families with students, it can help to get a jump on school shopping.

Consider purchasing items on the school supply list as soon as they come out. It’s possible The List has already been posted so be sure to check. Items can sell out quickly.

Buy new school clothes early. No-one wants to find out on the first day of school that a garment’s the wrong size!

Getting items early can prevent tears with:

  • online shopping,

  • curbside pickup, or

  • store visits.

Title: "BACK TO SCHOOL" in white and yellow in the middle. Below it in yellow says "SHOP EARLY!" The background is a photo of a chalkboard with a bunch of school supplies - including pencils, crayons, compass, ruler, highlighters, push pens, etc.

2. Take Summer Vacation

There may still be time to take that last vacation!

If possible, take a break. A few days away or even a staycation can help everyone recharge.

Title: "SCHEDULE YOUR PAID TIME OFF AS SOON AS POSSIBLE!" on the left in purple and white. The background is a photo of a hand holding a metal alarm clock with a white face. On the bottom is scaledfinance.com, a purple line, and color nautilus logo.

For more, check out:

Schedule Your PTO ASAP

Vacation + Disaster = Adventure

3. Review Investments

Some tech employers vest Restricted Stock Units throughout the year.

Now is a good time to plan what to do with those shares.

Title: "What to do with RSUs?" in yellow on top. It's a graph with a neon blue stock line below it. The background is a faint white grid on a black background.

4. Submit Reimbursements

Camps are expensive! Summer care costs can be high.

If you’re enrolled in the dependent care Flexible Savings Account (FSA), now might be a good time to submit for reimbursement.

Digital receipts can simplify the process.

Title: "Overnight camps generally don't qualify for dependent care FSA" in the middle. It's a photo of a bunch of sleeping bags on a shelf at an overnight camp.

5. Check Financial Plan

Hasn’t summer been wonderful?

Has it helped you clarify your vision of the future?

Now might be a good time to revisit your long-term plans!

Check out the complimentary financial independence course if you’re looking for a place to start.

Play Video: My Goal? Help People Reach Financial Independence!

Hey, thanks for reading my post on potential financial steps a tech professional can take in August.

Just a reminder, I share a lot of resources that may help you.

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