Core Insights - The article emphasizes the importance of conducting a "money reset" in October and early November to prepare financially for the holiday season and avoid overspending in January [1][3]. Group 1: Concept of Money Reset - A money reset involves taking inventory of financial habits and aligning them with larger financial goals, ensuring that spending and saving decisions are beneficial [3]. - Conducting a money reset helps individuals feel confident and in control of their finances as they enter the holiday season [3]. Group 2: Timing for Financial Audit - Fall is identified as an ideal time for a financial audit due to the transition from summer to winter, allowing individuals to reflect on their financial progress [4]. - By October, individuals have three quarters of the year behind them, providing sufficient data to assess their financial status and make necessary adjustments before year-end [5]. Group 3: Steps for a Fall Finance Audit - Review the last 90 days of spending and create a budget that includes everyday expenses, holiday spending, savings, and investments [5]. - Check the status of emergency funds and debt levels, ensuring three to six months of emergency reserves are maintained and planning to pay down any increased debt [5]. - Reassess investments and retirement contributions to ensure alignment with wealth-building goals and take advantage of tax benefits before year-end [5]. - Organize a family financial meeting to align everyone on financial goals and prepare for spending adjustments [6].