Now that the summer season is coming to a close, it may be time for some investors to assess and rebalance their budgets.

HerFinancial IQ Founder Jessica Perrone joins Wealth! to break down the top tips for those who may have spent a bit too much over the summer and are now looking to get their financials back in order.

Perrone believes one of the first steps to paying down debt is discerning between good forms of debt and bad debt.

"And bad debt is typically your high-interest credit card debt," Perrone explains. "One of the number one ways that I like to recommend to my clients is to really sort your credit cards by interest rates and tackle those ones with the highest interest rate first."

Perrone offers some encouragement with starting a budget: "You can budget for savings. You can budget for credit card debt. And you can also budget for investing. And that's all part of your budgeting worksheet, really where you're going to be putting your money."

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Nicholas Jacobino