Top 10 Financial Spring Cleaning Tips
Spring is the perfect time to not only clean your closets out, but to clean up your finances. Being in control of your financial life is a great feeling, and we at Renasant wanted to offer a few tips to help you out.
1. List Your Financial Goals
“SMART Goals” (CC BY-SA 2.0) by mrkrndvs
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.
2. Adjust Your Budget
“Budget Time” (CC BY 2.0) by Damian Gadal
Budgets make for an excellent guide to your weekly, monthly, or annual finances, but it’s always good to remember that they aren’t set in stone and can be adjusted. Life will happen and things will change, so take some time every once in a while to see where you are, what’s going on, and adjust accordingly. Click here to read about budgeting tips that can help you year round.
3. Shred, Shred, Shred
“Shredded Paper” (CC BY-SA 2.0) by RLHyde
With tax season in full bloom, it’s the perfect opportunity to go through your older financial documents. Scan the documents you need to back them up, but destroy any older files with personal information that you may not need anymore.
4. 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.
5. 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.
6. 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 weekly and monthly.
7. Online Bill Pay
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.
8. 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.
9. 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 and record them in a safe app.
10. Check Your Investments
“Investing Money” (CC BY 2.0) by cafecredit
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. Learn more here.