You know that feeling. You’ve been cooped up in your house all winter and there’s nothing left to binge-watch on Netflix. The days are magically longer and sunnier thanks to a quick spring forward on your clocks. You look around and suddenly all those things that you set aside while you curled up under a warm blanket all winter are staring you in the face. You make it your personal mission to clean out every nook and cranny of the winter dust and debris. Spring cleaning is in full effect.
As you open every closet door and sweep under the bed, don’t forget that you need to take a few minutes and spring clean your finances as well. It’s the perfect time to review your bank accounts and get them in order for the new year.
Today, the American Bankers Association published 6 helpful tips for spring cleaning your finances and I couldn’t agree with them more. Their advice includes evaluating your debt and formulating a pay down strategy, reviewing your budget, and checking your credit report – which you can get each year for free – to identify new ways to save money.
To streamline the process of managing your finances, the ABA also suggests downloading your bank’s mobile app, reducing clutter by signing up for e-statements and notifications, and finally, setting up automatic bill payment. Be sure to take advantage of all the great online and mobile features that most banks offer today to cut down on things you’ll just have to shred next year. It really is safer and easier to track your finances through bank online services and many banks provide free budget management tools online as well.
For more information about these and many additional helpful financial tips, check out the the findCRA Newswire to keep on top of what’s going on in the banking industry.