Spring Clean Your Finances in 20 Mins
Living in the Midwest, Spring is that magical time of year when my kitchen floor becomes a canvas for muddy paw prints, and I'm running the furnace at breakfast and the A/C by lunch. Truly, it’s a season of transitions which makes it the best time of year to take small, intentional steps to clean up your proverbial financial house.
Think about it: Winter is for hibernating, so it’s no surprise that 80% of New Year’s resolutions kick the bucket by February. But Spring is energizing, what with the longer days and better weather. 'Spring Cleaning' and garage sales are so popular this time of year because we crave change - in our environments and in our wallets (see what I did there?).
Ways to 'Spring Clean' your finances that take <20 minutes:
- Build up an emergency fund by setting up automatic transfers (start small). 59% of Americans are unable to cover a $1k emergency without debt.
- Review your credit report for inaccuracies that may negatively impact your score and ability to make that next big purchase. Check your report free 1x/yr here.
- Negotiate service provider bills (e.g., internet, cable) or switch providers altogether. We saved 60% on cell service by switching from T-Mobile to Mint.
- Are you one of the 48% of Americans unable to pay off credit cards each month? Find an accountability partner who can educate and empower you during the dig-out process.
- Chat with insurance provider(s) to understand whether your coverage exceeds your current needs or if you're eligible for discounts.
- Adjust tax withholdings as needed, depending on your 2024 return.
'Spring Cleaning' requires a vision and action; sometimes it's easier with help. If you could use assistance getting your financial house in order, I'd be honored to meet you where you're at - judgment free - if you ever wish to chat.
