There is something refreshing about the advent of spring; it’s officially time for reviewing and renewing! This week, we take a look at spring cleaning your finances.
Ask, “WHY,” before spring cleaning your finances
Why do you budget, save, spend, insure, invest and plan the way that you do? Are you happy with how your finances are working for you? Write down some clear and definitive ideas to sweep away old habits and create a more satisfying result.
Review your budget
Balance all your bank accounts and take a second look your past six months of credit card charges to see if all adds up correctly and that there are no billing errors.
What??? You don’t have a budget. Today is a good day to write down your income and your expenses. With that knowledge, you can now plan and direct your dollars into more focused streams!
Set a few primary, short-term goals
For example, you could set a goal for paying off the credit card with the lowest balance. Set yourself up to hit your new objectives. As you achieve success with your smaller financial projects, you gain confidence to complete larger intentions! And that is a win-win for you and your wallet!
Clear Out the Clutter
Take a serious look at everything you own. Give deep thought to want you want to be most important in your life. Set up actions steps to turn that visual intention into reality. Too much stuff? Distill it down. It’s easier to take care of less. And you keep what is most valuable to you. Too many accounts to manage? Pare down to three accounts, now you have more money at each institution and have created more “klout” for yourself. Utilize direct deposit and automate a small percentage to savings each week.
Streamlining your efforts help to clear your mind, and allow you to focus on creating a proactive life. You will find that spring cleaning your finances, and stating goals result in intentional living.