![]() ![]() If you’ve been attempting to tackle your debt to no avail, perhaps it’s time to take a new approach. You have to find a solution that works for you there’s no one-size-fits-all approach. If you do have a budget but you’re finding it difficult to stick with, then maybe it's time for a review. If you don’t have a budget and you struggle to keep your finances in order, now might be the time. If you have any old passwords written down, you should probably destroy them. In addition, it’s a good idea to reset passwords regularly. Keeping this in mind, you may be able to get rid of some of your clutter. Many firms will archive them for you electronically. You probably don’t need to keep every paper statement. Whether it’s a daily habit or a monthly one, evaluate how it affects your savings and whether it’s time to give it up. Take the time to review your monthly cash flow and expenses to identify your biggest financial challenges. Before you get too busy, take a little time out of your day to assess your spending, saving, and whether you're on track to reach your financial goals for the year, and the future. There’s never been a better time than now to freshen up your finances.Now is the perfect time to evaluate your finances spring is on its way, and that means you'll be busy with the house, kids, and any extracurricular activities of your own. Service providers and insurers are competitive and often will cut you a break if you bundle various accounts, such as phone, cable and Internet with one company, or life, auto and homeowner policies with one insurer. If you have multiple accounts, some from previous jobs, consider combining them all into a single IRA. This approach to decluttering also works with retirement savings plans. Some can be steep, but if you have a good credit score, many companies offer attractive balance transfer options. Be wary of transfer fees when you move balances, however. You’ll have a lot less to keep track of if you consolidate into one, or even two cards - ideally the accounts with the lowest interest rates. The goal here is to make your life easier! Ask yourself if you really need five credit cards. It may be possible to arrange with your employer to divert some of your pay to a savings account or your 401(k) plan before you even see your paycheck. You can also automate contributions to savings and retirement plans. Just make sure to stop the remittances if you discontinue a service. Even better, use Quicken’s Bill Pay feature. You won’t even have to deal with bills as they arrive because you’ve already scheduled payments on the same day each month. To streamline your financial life and take one less thing off your plate, consider automated bill payments. Paying upon receipt helps avoid past-due notices and late fees if you get busy and forget - or can’t find the paper bill. It’s just as easy to overlook a due date on a bill stored electronically as it is to forget a paper bill stuffed into a desk drawer. Take out some of the drama and don’t wait until the last minute! Make it a habit to pay bills when they come in. Using financial management software, like Quicken, also gives you that extra layer of organization to stay on top of all of your finances including taxes, credit cards, and banking. Having statements and invoices delivered electronically is one of the easiest and quickest ways to pay your bills compared to keeping track in a dusty filing cabinet. In today’s world, a tablet, laptop, or smartphone are never too far from us, and they are the perfect starting point to cleaning up and organizing your finances. If you’ve ever been there, then check out our four simple tips to help you declutter your finances and get your funds back in tip top shape! Spring has sprung and now is the perfect time to spring clean your finances! The Consumer Reports National Resource Center found that one in four Americans admit to having misplaced or lost some information critical to their finances.
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