tigersoli.blogg.se - Financial spring cleaning

Financial spring cleaning update#
Financial spring cleaning full#
Financial spring cleaning password#

Keep your car insurance card in your car (two copies is useful).

Keep your health/dental/vision card with you at all times.

Once you’ve gotten a polished list/spreadsheet of your accounts, set up autopay, enrolled in e-delivery, and optimized your documentation and investments, it’s time to look at your insurance.

Small savings here can mean tens of thousands of dollars saved over time.Ħ.

This can be tedious, so lean on your Pattern advisor to help!

Then look at your 401k and investment accounts to make sure you’re not paying unnecessary fees or in high-expense funds.

Is it time to consolidate all those old 401ks? Use tools like Missing Money to see if you have any accounts floating around.

Also, start to automate a monthly amount to your savings, depending on how much surplus income you have per month.ĥ.

This way, you never have to worry about remembering to pay a bill on time or transferring funds on time.

Financial spring cleaning full#

If possible, set up automatic bill pay for all bills, and full balance auto payments for your credit cards. For credit cards, find one with no annual fee and a rewards program that works for you.Ĥ. Bank accounts with no fees, high interest, and easy transfer set up are key. This is a great time to shop around for new bank accounts, savings accounts and credit cards.Any fees pop up that don’t look familiar? Did your credit card charge a bogus fee? Are you paying any account maintenance fees?.While you’re at it, make sure you have a current beneficiary designation for each account. You don’t want tax forms or checks going to the wrong address. Next, go through your accounts and ensure your personal information is correct. This is important so that you don’t get locked out of your accounts and have to jump through hoops to get back in.Ģ.

Financial spring cleaning password#

Then, consider using an online password manager like Google to make sure your accounts have strong passwords, as well as the correct recovery email/phone number.

Ask yourself, does each account serve a clear and distinct purpose? If you have 3 checking accounts and 5 savings accounts, it’s probably best to consolidate unless there is a reason not to.

It’s helpful if you already use an app like or similar to keep track of things. Bank, investment, 401k, credit cards, etc. First, make a list or spreadsheet of all of your financial accounts. ‍ Ok so I need to get financially organized. So, now that we’ve covered a few reasons why it’s important to spring clean your finances…

Financial spring cleaning update#

If your beneficiary designations are incorrect, who ends up with your money? Forgot to update your personal information on your disability insurance? Now they can deny your claim. You also could subject yourself or your family to hardship in case something happens. If you’re not organized financially, you’re subjecting yourself to late fees, accrued interest charges, high expense investments, overpriced insurance policies with inadequate coverage, the list goes on. The reason you want to spring clean your finances is, well, because money touches everything. Plus, some companies have gone so far as to charge a monthly fee if you stay on paper documents. You’re likely done filing your taxes, or close to it, and also probably still have your year-end statements and documents on file.Īnd if you still receive paper statements from the bank or your insurance company, it’s time to enroll in e-delivery! Not only is it better for the environment, but that’s less clutter you have to deal with, and it’s easier to organize your files online.

If you think about it, Spring is also a pretty ideal time to clean your finances as well. But how or why would I spring clean my finances? Or you might take the sunnier days to spruce up your garden, organize your pantry, and finally move the couches outside so you can clean under them without fear of a dark cloud soaking them before you’re done. Some might say the rain and snow season is over, so time to clean those gutters, wash those windows, and filter out your closet for winter clothes you just won’t wear anymore. Why is the term “Spring Cleaning” so popular? What makes Spring particularly beneficial for cleaning?