We all know how unpredictable Minnesota weather is, we think it’s safe to say that spring is finally here! For most people, this marks that it is time for that daunting but much needed task: spring cleaning. Though it can be very tiresome, spring cleaning gives you an opportunity to throw open the windows, let some fresh air in, and make your home clean, happy and spacious inside and out again. What most people don’t realize, though, is that spring can also be a great time to tidy up your finances. Spring cleaning your finances is a bit like going to the dentist – we don’t particularly like to do it and should probably do it more often. However, the more regularly you do it, the less chance there is of a painful surprise.
One way to do this is to get rid of clutter. Just as you do around the house, spring is a good time to go through your finances and toss out things that no longer fit your life, such as a cable or magazine subscription. Another way to reduce the clutter is to sweep away those winter bills. If those holiday bills are still haunting you, this is a good time to get rid of them. Some great ways to make some extra money is to plan a garage sale, sell stuff online or even volunteer for overtime at work.
Another great way to spring clean those finances is to begin organizing for next year’s taxes. Create a folder, paper or on your computer, to hold all valuable information including all of the charitable deductions you make throughout the year. The same can be done with your spending. By keeping track of every penny, it will give you some perspective on how much money you can or can’t spend at any given time.
Spring time, especially in Minnesota, is a time of renewal and rejuvenation. It is a time to clear out the old and prepare for the year ahead. By spring cleaning your finances, you can weed out finances holding you down, organize your present situation and set yourself up for an easier, more relaxing future. Enjoy your spring everyone!