Each spring brings a new wave of wanting to start cleaning things up as the weather turns for the better. Typically this is cleaning out your garage or garden, but let’s add one more thing to that list. Tidying up your finances.
Keeping it very simple and very easy to do is just a way to start spring off on the right foot.
Take a minute and check things off of this short financial spring cleaning list.
1. Review and cancel unwanted subscriptions
In a world where everything is a subscription, you’re probably paying for one thing that you don’t want or need. Whether it is a streaming service, gym membership, app renewal, whatever it might be. These small changes start to add up fast.
2. Rebalance your investments
Given the heightened volatility in the market, it could be hard to bring yourself to check in on how your investments are doing. But this is an important time to take a look and at the very least just see if they are still right for you and investments that you are comfortable with.
3. Update your beneficiaries and accounts
I get that these slip your mind sometimes. Life changes over the years can cause outdated beneficiaries or just different wants for you and your accounts. Take a minute to check in on your retirement accounts or life insurance and double check that everything is set how you want it.
4. Set one financial goal for the next 3 months
Make this goal as big or as small as you want. This is all about momentum, not perfection. Just starting to take a couple steps in the right direction can get the ball rolling.
Here are some potential ideas:
- Pay off a credit card
- Increase your 401(k) contribution
- Start an emergency fund
Again, momentum, not perfection. If you need help prioritizing those next steps, or have questions around them, I’m here to help. Let’s spring clean your finances together - book some time to check-in here.