EP078 Spring Clean Your Finances

Spring is an excellent time of year when nature and new life spring into action. This makes spring the perfect time to review your finances and to make sure you reach your goals, reduce your debt, save money, and protect yourself against the unknown and unexpected things that life can throw your way. It’s time to get your finances organized.    

 

Today, I share how to spring clean your finances with a series of tips and clear, practical advice. I review how you can clear your debt and start to save more. I share why you need an emergency fund and explain the importance of spring cleaning your paperwork and financial documents. I also explain why it’s important to review your insurance needs and explain how checking your credit score annually can help you find errors and quickly address them.

“Pay off small debts first and get that personal satisfaction of clearing a debt.” – Tracey Bissett

 

This Week on Young Money:

 

• How to adjust your goals if you are meeting them.
• How to adjust your goals if you are NOT meeting them.
• Making changes to pay down debt and save more.
• Setting up an emergency fund.
• How to clear up and deal with your financial documents and paperwork.
• Deciding what new insurance you need and what old insurance you don’t.
• How to understand, build, and protect your credit score.

 

The 5 Steps to Spring Clean Your Finances:

 

1. Review & reset your goals.
2. Start new habits.
3. Deal with your paperwork.
4. Revisit your insurance.
5. Check your credit score.

 

Resources Mentioned:

 

• EP007 How’s your financial reputation aka your credit score?
• EP041 Striving to be Financially Fit with Monica Da Ponte
• EP059 What is insurance and why do I need it with Deborah Williams
• EP063 Money Mindfulness with Jessica Moorhouse
• EP064 The Magic of Sercy with Emmy Roberts
• EP066 Living Debt-Free with Shannon Lee Simmons
• EP069 How to be financially resilient with Jackie Porter
• EP076 Happy Go Money with Melissa Leong

Get Your Young Money Questions ANSWERED!

 

Want to learn more about how you can get your finances organized and how you can stay financially fit? Leave a voice message to get all of your Young Money questions answered.

 

Remember – there is no silly question when it comes to your financial fitness.

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