A Seasonal Reset
As summer winds down and families return to the rhythm of the school year, it’s a natural time to bring focus back to your financial goals. From adjusting spending habits to planning for education costs, a seasonal reset can help set you up for success through the rest of the year.
This month, we’re highlighting three key areas to review as you shift from summer mode to fall structure: budgeting, education planning, and tax strategies.
Build Momentum with Practical Planning
Reset Spending Habits
Summer often brings added expenses—travel, camps, and activities—that can stretch your budget. Fall is the perfect time to review your cash flow and realign with your financial goals.
For families with college students, consider secure credit cards as a way for young adults to begin building responsible credit habits while keeping spending guardrails in place. Even small adjustments now can free up resources for the priorities that matter most in the months ahead.
Build a Strong Foundation of Learning
Whether your children are just starting school or already in college, education planning is a cornerstone of long-term financial health.
- 529 plans and custodial accounts offer tax-advantaged ways to prepare for expenses.
- Qualified uses for 529 funds include tuition, fees, books, supplies, and even room and board.
Reviewing or setting up an account now ensures you’re positioned to take full advantage of these benefits while investing in your family’s future.
Offset Education Costs with Tax Credits
Education costs don’t just impact your budget—they can also affect your tax outlook.
Two valuable tools include:
- American Opportunity Credit
- Lifetime Learning Credit
Each has specific eligibility requirements, but both can reduce your overall tax liability and increase available resources for other goals. Proactive planning ensures you’re not leaving money on the table.
AdvisorHub Highlights Michael Lipkins
We’re proud to share that Michael Lipkins has been recognized by AdvisorHub in their 2025 Advisors to Watch Under $1B list.
This award honors advisors across the country who demonstrate excellence in client service, growth, and leadership within the industry. We’re honored by this recognition and remain committed to providing the personalized guidance and long-term strategies our clients deserve.
Conclusion
At Phases, we believe every season is an opportunity to bring fresh intention to your financial life. Whether you’re recalibrating your budget, planning for education, or exploring tax strategies, we’re here to help you make confident, informed decisions.
If you’d like to review your current plan—or create one tailored to your family’s evolving needs—we invite you to connect with us.
Disclosures
The financial advisors at Phases Financial Group operate as independent financial advisors for Addison Avenue Investment Services. Securities are offered through Raymond James Financial Services, Inc. Member FINRA/SIPC, and are not insured by the NCUA or any government agency. They are not deposits or obligations of the credit union, are not guaranteed by the credit union, and are subject to risk, including loss of principal.
Phases Financial Group, Addison Avenue Investment Services, and First Technology Federal Credit Union are independent of Raymond James Financial Services.
Investment advisory services are offered through Raymond James Financial Services Advisors, Inc.
The information has been obtained from sources considered reliable, but we do not guarantee accuracy or completeness. Opinions are those of Phases Financial Group, not necessarily Raymond James.
Investors should consider whether their state offers tax or other benefits available only through its own 529 plan. Fees, risks, and performance vary.
2025 AdvisorHub 250 Advisors to Watch Under $1B: Based on the period 12/31/2023 – 12/31/2024, released 6/20/2025. 1,972 nominations were received, and 250 advisors selected. No fees were paid for inclusion. More: bit.ly/45wjlKC