February Marks Tax Season and Financial Reset

Experts share why "Frugal February" is the perfect time for families to get their finances on track.

Published on Feb. 11, 2026

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February marks the start of tax season, but it's also an opportunity for families to hit the reset button on their finances. Carlos Garcia, Founder and CEO of Finhabits, explains why "Frugal February" is the ideal time to take smart steps that can make a big difference throughout the year.

Why it matters

The new year is a natural time for people to evaluate their financial situation and set goals, but February provides an additional chance to make meaningful changes before tax season kicks into high gear. Small adjustments during this month can have a significant impact on a family's overall financial health.

The details

Garcia recommends that families use February to review their budgets, set savings targets, and make any necessary adjustments to spending habits. This could include cutting back on discretionary purchases, negotiating bills, or finding ways to boost income through side hustles or freelance work.

  • February marks the start of tax season in the United States.

The players

Carlos Garcia

Founder and CEO of Finhabits, a financial technology company that helps people build wealth.

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What they’re saying

“February isn't just the start of tax season, it's also a chance for families to hit reset on their finances.”

— Carlos Garcia, Founder and CEO of Finhabits (dayton247now.com)

What’s next

Families can use online budgeting tools or speak with a financial advisor to create a personalized plan for improving their financial situation during Frugal February.

The takeaway

By taking advantage of the natural reset that comes with tax season, families can make small but impactful changes to their spending, saving, and budgeting habits that will pay dividends throughout the rest of the year.