After a fun summer of road trips, beach days, and maybe a few extra splurges (okay, make that a lot of splurging), fall’s cooler weather and “back to reality” feel can seem like a big shift. But in a good way. Life starts to settle down again. Kids go back to school. Routines return. That makes this a great time to check in on your money, without the stress of doing a full review and reset.

At Coastal Community Credit Union, we like to think of fall as a “second New Year.” Although it can be a hectic time, it’s also a natural time to pause and consider what’s next. We’ll guide you through a few things you can do to feel more in control. .

Why fall feels like a fresh start

There’s something about this time of year that makes people want to get organized. Researchers say it’s because of something called the “fresh start effect.” When the seasons change or routines shift, it gives your brain a chance to take stock and think ahead to new goals. It’s the same reason why January feels like a good time to start something new, or Spring seems like a good time to clean the house.

After the busy summer months, fall can feel like a good time to press pause and consider the next few months. You’re not starting from scratch. You’re just checking in and giving yourself a little boost.

7 simple money moves to make this fall

1. Take 60 minutes to check in

We’re not talking a full budget meeting here. Just take an hour or so to look at your bank account, credit card balance, and savings. Ask yourself things like: 

• Am I spending more than I planned?
• Are there any bills or debts from summer that need attention? 
• Is my savings plan still working for me?

This isn’t about feeling guilty if things aren’t going to plan. It’s about noticing what’s working and what’s not, so you can feel on top of things and make some tweaks if needed. Even a short review can help you feel more confident and prepared.

2. Set up automatic savings and payments

Making smart money moves doesn’t have to be time-consuming and difficult. Setting up automatic savings is a “set it and forget it” approach that can reap big rewards. Even just a few dollars a week can be a powerful way to build up your emergency fund or save up for something you want or need.

You can also schedule automatic payments for credit cards or loans so you never miss a due date. You’ll avoid late fees, and it can help build your credit score, too. And how about your investments? Small, frequent, automated transfers into an investment account can compound your investments, meaning you earn returns on your past returns, faster than transferring into a lower interest savings account.

Already have automatic payments set up? Give yourself a pat on the back then consider using your review time to consider a couple of key questions: 

• Have your goals changed since you set up your payments?
• Are you saving enough for retirement, kids’ education, or something else? 
• Could you increase your payment amounts just a little, for example to more than the minimum credit card payment to reduce the interest you pay?

3. Review your retirement and investment plans

Whether you’re saving for retirement, a big goal, or just trying to grow your money, fall is a great time to check your progress and make sure you’re not leaving money on the table.

• Can you add more within your available contribution room to your RRSP, FHSA, or TFSA? 
• If your employer offers matching contributions to a retirement plan, are you taking full advantage?
• Does your investment portfolio still fit your goals and risk tolerance?

If you’re a DIY investor, as well as checking in on your portfolio it might be time to try out something new, like the Qtrade Direct Investing platform. Not sure where to start? We’re always happy to walk through the options with you.

4. Plan ahead for holiday spending

It might seem a little early to start thinking about the holidays, when we haven’t even had Halloween yet, but a little planning now can make a big difference.

Start by thinking about how much you want to spend. Include things like gifts, travel, food, and decorations. Then break that number down into weekly savings. Even saving $20 or so each week between now and December can give you enough to buy something extra for a loved one.

You can also consider opening a separate savings account just for holiday spending, just as you might have done for an emergency fund. That way, the money stays safe and out of sight until you need it. It’s easy to do through Coastal Community online banking.

5. Sweep away financial clutter

Fall is a great time to clean up your money habits. Look through your bank and credit card statements. Are you still paying for a streaming subscription you don’t use? Maybe a summer fitness app or a kids’ game (or seven) you downloaded on vacation? Cutting out even one or two unused services can save you hundreds of dollars a year. 

You can also review your credit card and loan interest rates. If they’re high, it may be time to explore better options or talk to us about debt consolidation. While you’re in review mode, take a moment to check your home, auto, and other insurance to make sure you’re covered and are not overpaying.

6. Watch for fall sales and rebates

Fall isn’t just about digging out your cozy sweaters and diving back into school routines. It can also be a great time to save a few dollars here and there. Many stores discount summer gear and outdoor items at this time of year, as they look to make space for the busy holiday season. It’s a good way to stock up on things you might need next year.

There are also government incentives available this time of year. For example, you may be able to save money if you install a heat pump or solar panels. As well as cutting your utility bills over time, an upgrade like this can also improve your home’s value.

7. Start getting ready for tax time

Just like prepping for Christmas early, doing a little tax work now can save a lot of stress later. Start collecting receipts and organizing your paperwork. If you run a small business or have a side hustle, track your income and expenses. If you’ve had medical appointments, save your travel records.

Even if you just use a shoebox or jam jar, that’s a start. A little prep now will make tax time faster, easier, and maybe even cheaper.

Start with one small thing

You don’t have to do everything on this list. Just a couple of changes can help you feel more in control of your money. And remember, you’re not doing this alone. At Coastal Community Credit Union, we’re here to support your goals, answer your questions, and help you make the most of every season.

Of course, fall isn’t all about money. It’s also one of the best times to enjoy life on the Island. Cooler air, beautiful trails, local markets, and staycations—not to mention pumpkin spice flavoured everything—make it a season worth slowing down for. If you’re looking for inspiration, check out our Summer Staycation Guide. Keep an eye out throughout the year for seasonal money tips for Islanders.

*Online brokerage services are offered through Qtrade Direct Investing. Mutual funds and other securities are offered through Aviso Wealth. Qtrade Direct Investing, Qtrade Guided Portfolios and Aviso Wealth are divisions of Aviso Financial Inc.