It’s that time of year when houses get scrubbed from top to bottom, but why should you limit cleaning just to your house? It’s time for your finances to get a good scrub! Cleaning up financial clutter can save you money, prevent identity theft and get you on your way out of debt. Speedy Cash is here to open a window and help you begin shaking off the dust that’s been lying over your finances.
Consolidate your payment due dates to around the same time each month. It may seem intimidating to pay all bills at the same time, but it’s easier to keep track of payments and know how much you’ll have left after everything’s paid.
Dust Off Accounts
Examine your finance accounts: Checking accounts, savings accounts, credit cards, credit union accounts, etc. Once you have a comprehensive view of your accounts, find ways to make things simpler. Can you get rid of any credit cards? Can you consolidate bank accounts? More accounts mean more fees and a higher risk for identity theft.
Wipe Away Debt
Start small by identifying the accounts you can pay off quickly. Even if they’re lower interest accounts, start by paying them off all the way to simplify your debt. Once you’ve paid off a few accounts completely you’ll keep the motivation to pay off those larger amounts!
Start cleaning your finances every spring and you’ll see the difference in your wallet size!