Spring is a time to start anew – and while spring cleaning, home repairs, and numerous other tasks may be on your to-do list at winter's end, taking a moment to evaluate and clean up your finances will prepare you to check off those items with ease when spring does arrive.
Before the Snow Crocuses and Daffodils peak above the last bit of remaining snow, take a moment and spruce up your finances to prepare for spring. Here are four tips to get you started.
- Review – Before making any commitments to spring rejuvenations – in the home, to your wardrobe, or elsewhere – review your finances to see where you are currently and what you can do to better them in the future. If you're prone to go over budget or miss payments, consider signing up for online bill payments, banking, and even text message alerts to keep you on track.
- De-Clutter – Today, we rely on electronic devices more than ever. The clutter formerly created from paper statements and bills is now replaced by the 'eMess' that accumulates in your inbox, online banking accounts, and elsewhere. De-clutter these online spaces for the sake of your finances – delete files and emails, organize, and save important financial information for future reference.
- Save – Saving money doesn't mean you have to sacrifice those creature comforts in life. Whether you decide to put away a portion of your paycheck each month or cancel that fancy gym membership for some free outdoor recreation, there are numerous ways you can save money as part of your financial spring cleaning.
- Refinance – Do you have debt with high interest rates? Consider what refinancing could do for your current financial state. With numerous options available with competitive rates, refinancing can serve as a 'refresh' to your finances that will leave you room to take care of those spring cleaning to-dos. Do your research, talk to your bank, and see what options may be available to you.
Get a head start on your spring cleaning and clean up your finances today.