Released: July 29, 2007

Check net worth, insurance, your will

Source: Eileen Ambrose, Baltimore Sun (Free Registration)

Now that August recess is upon us and many people are about to join Congress on vacation, it’s a good time to tackle those financial chores you have been putting off.

Maybe you’ve been meaning to organize papers stuffed into shoe boxes or finally order a free credit report to see what creditors say about you. Or, maybe you have a little down time with no travel plans and aren’t sure where to start.

Here is a list of financial exercises you can undertake in your time off. You don’t have to do them all. Just doing one or two could put your finances in better shape. As a bonus, once you complete a task, you’ll find it easier to do the next time.

• Rebalance your portfolio. Given the run-up in the stock market, equities likely make up a bigger portion of your portfolio than you intended.

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