1/17/2024 0 Comments Financial spring cleaning![]() ![]() Carrying any kind of debt can have an impact on your overall number, which can then lead to higher interest rates and higher monthly fees. It’s very important to keep tabs on your credit score as a higher score will help maximize your chances of getting a mortgage or loan. CIT Bank is offering a 4.05% APY right now. Start Another Savings Account - Do you want to save for an expensive home improvement project? Save for retirement? Maybe even take a vacation this year? You have to start saving! Create a separate savings account so you won’t be tempted to touch it.Here’s how Joseph and I pulled one together in just 90 days, despite completely draining it the month before. Start or Increase Your Emergency Fund - Emergency Funds are absolutely necessary for all those….you guessed it….You can use either the Snowball Method or the Avalanche Method. Create a Debt Payoff Plan – Make a list of all debts and amounts you owe, then commit to a monthly amount to slowly chip away at that balance.You know those financial goals you promised yourself at the beginning of the year? When you spring clean your fianances, it’s time to revisit them again, be honest about how you’re doing, and make adjustments if necessary. You can visit my post titled How to Start a Weekly Finance Routine (And Why You Need One!) for more details! Close out my current budget and start a new one (I budget by paycheck rather than monthly, so I do this twice per month.).Pay upcoming bills for the next two weeks.Confirm all my purchases through You Need a Budget app (and assign spending categories if needed).I’ve adopted a Friday Finance routine (isn’t alliteration fun?!) and this is what I do every Friday afternoon without fail: Out of sight, out of mind… usually means over budget! This is a great way to check your finances on a regular basis to make sure you’re on track. 3. Start a Weekly Finance Routineĭon’t underestimate the power of a routine, especially a financial checkup routine. 31 Days to Radically Reduce Your Expenses is available via both Kindle and Paperback! Grab your copy HERE. I also wrote a book that will help you tackle ALL areas of your budget and lower every expense. Here’s How to Know if Christian Healthcare Ministries is Right for You I Was Sick of Paying $137 a Month for Verizon…So I Switched To This Instead Your cable bill, especially with these 9 Awesome Alternatives to Cable.Here are some places where you will see the most impact: Highly recommend as the easy first step of your financial checkup! I was a little nervous about doing this at first (I was afraid of getting scammed), but I had nothing to worry about. However, if you find a gift card you won’t ever use, you can always trade it in through. ![]() You do not want to forget to use these gifts-they’re FREE money! This is also the perfect time to dig out all those gift cards from Christmas and neatly organize them in my favorite gift card organizer. Take 5 minutes to dump everything out, clear the clutter, and throw away papers you don’t need any more. I don’t know about you, but mine is always stuffed with receipts, ticket stubs, business cards, and (gulp) empty gum wrappers. Declutter Your Wallet…and Purse (An Easy Spring Clean Your Finances First Step!)įirst, let’s start with something fairly easy-cleaning out your purse and/or wallet. And these 7 steps will help you clear out the cobwebs. Spring is the perfect time for a financial checkup so you can simplify, organize, and set yourself up for financial success for the rest of the year. No inch of my home is left untouched as long as I follow the plan.īut there’s always a few checkboxes missing from these printables: They completely ignore how to spring clean your finances!įrom spending check-ups to savings goals, we could all use a fresh start every now and again, don’t you think? Like wiping down fan blades or sweeping crumbs from behind the stove. They remind me of tasks I might otherwise forget (or ignore!). Whenever I search for “spring cleaning checklists” on Pinterest, dozens of colorful printables fill my screen, promising to be the only house cleaning checklist I’ll ever need. ![]()
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