Financial Cleaning Tips

March 04, 2023

Occasionally, it feels good to deep clean your entire house. Cleaning up your finances can feel pretty good, too. Being in control of your financial life is a great feeling, and we wanted to offer you a few tips to help you do just that.

LIST YOUR FINANCIAL GOALS

What’s the “big thing” you want to do this year? Travel? Move? Pay off your debt? Write each goal down, and reference back to them frequently as income comes in to ensure you are working 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 as needed. Life happens and things change, so take some time every once in a while to see where you are in life, analyze what's going on, and modify your budget accordingly.

SHRED, SHRED, SHRED

If you save and file older financial documents, now is the perfect opportunity for you 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 fit anything else in your closet or under your bed? Make a few extra dollars by having a yard sale or donating old 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

Do you eat out for lunch every day? Swing by for a latte each morning? Evaluate where you spend your money that is not necessary 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 clutter with online bill pay. You can check your account information with the convenience of the mobile app and ensure everything is paid on time.

CUT THE SERVICES

Everyone loves to stream their favorite videos and shows. Be sure to evaluate the streaming and monthly services you use often and determine which ones 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. Be sure to take some time to update your passwords.

CHECK YOUR INVESTMENTS

Have a savings or retirement account? Make sure your investments are working 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.