Q: Are there any practices that big businesses use that could significantly help me with my finances?

A: Yes – quarterly check-ins!

Big companies review their finances every three months to stay on track. You can do the same with your personal finances or small business!

A quarterly check-in means taking time to review where you stand financially – not just tracking numbers, but spotting opportunities and catching problems early.

Here’s what to focus on:

• Review income and expenses for trends, problem areas, and opportunities
• Check savings goals – emergency fund, major purchases, retirement
• Manage debt – pay down high-interest debt (like credit cards) and optimize good debt (like a HELOC, when used wisely)
• Shift spending from low-value items (like unused subscriptions) to financial priorities (like insurance or emergency savings)
• Review your credit report once a year to protect your financial standing

Quarterly check-ins aren’t just for CEOs – they’re a simple habit that can help anyone manage money with less stress and more success.

Any questions? I’d be happy to help.

I’m Vincent Hicks, CPA, based in Somerville with over 20 years of experience. Reach out at vhicksconnect@gmail.com or (859) 553-0788.

Disclaimer: This column provides general financial information and should not be considered legal, investment, or tax advice. Individual situations vary. Always consult a qualified professional for personalized guidance.