Financial Cleaning Tips

March 04, 2023

Every once in a while, it feels good to deep clean your house, to clean your closets out, and to also clean up your finances. Being in control of your financial life is a great feeling, and we wanted to offer a few tips to help you do so.

LIST YOUR FINANCIAL GOALS

What’s the “big thing” you want to do this year? Travel? Move? Pay down debt? Write each goal down, and reference them often as income comes in to ensure you are paying towards your goal.

ADJUST YOUR BUDGET

Budgets make for an excellent guide to your finances, but it’s always good to remember that they aren’t set in stone and can always be adjusted. Life happens and things change, so take some time every once in a while to see where you are, analyze what’s going on, and adjust accordingly.

SHRED, SHRED, SHRED

If you save and file older financial documents, it’s the perfect opportunity to go through those documents and properly destroy them. Scan the documents you need to back them up, but destroy any older files with personal information that you may not need anymore.

GET RID OF THE CLUTTER

Can’t stuff anything else in your closet or under your bed? Make a few extra bucks by having a yard sale or donating those clothing and other items you don’t need anymore. Every dollar adds up.

CLEAN YOUR ACCOUNTS

Is there a bank account at another bank you rarely use anymore? A great place to consolidate all that extra account money is with the Renasant Rewards Extra checking account. Click here to read how this account really does check all the boxes.

ASSESS YOUR SPENDING HABITS

Change what isn’t working for you. Do you eat out for lunch every day? Swing by for a latte each morning? Assess where you spend your money, and find ways to cut back and save a few more dollars.

ONLINE BILL PAY

New mobile app mockup

Do you have a big pile of paper bills and statements, paid or unpaid, at your house? Through online banking at Renasant, you can save time and remove the paper clutter with online bill pay. You can check your account information right from the mobile app and ensure everything is paid on time.

CUT THE SERVICES

We love streaming our favorite videos and shows. It’s always a smart move to evaluate the streaming and monthly services you use often and those you don’t. After a couple of months, you’ll have enough for a nice dinner, on you.

UPDATE IDENTITY PROTECTION

Have you had the same password for your online banking account since you opened your account? We had a suspicion you might. While you are cleaning out your filing cabinet, take some time to update your passwords.

CHECK YOUR INVESTMENTS

Have a savings or retirement account? Make sure your investments are working hard for you, depending on your short- and long-term goals. Renasant can help with your investment and wealth management needs.

PARTNER WITH RENASANT FOR YOUR FINANCIAL CLEANING

If you are in need of a new banking partner who will put you first, contact the experts at Renasant Bank. We help our customers optimize their finances with our advanced services:

These and other Renasant services are managed by knowledgeable and experienced professionals with your wellbeing in mind. We want to see you succeed here at Renasant. Get started today with Renasant and feel the benefits of your financial cleaning for years to come.

No matter your age, setting up a meeting with the wealth management department of your bank can help you plan for the future.