Monday, May 21, 2012

Spring Cleaning Chores to Get your Financial House in Order

  1. Mop up your winter bills.  You had a great Christmas.  Now if you need to take on an extra job, get rid of an item of luxury, or dip slightly into savings, it’s important to pay off Christmas debt rather than letting it pile up in the corners.
  2. Now that the taxes are in the bag, it’s time to organize for next year.  Think of it as tax maintenance.  Like painting the Golden Gate Bridge…once you’ve finished, it’s time to start again.
  3. Add on to your savings.  If you can get rid of financial clutter, put the savings into your retirement fund.  Or create a vacation fund.  Or as mother always said, add it to next year’s Christmas fund and you won’t have to stress about gifts when the time comes to make merry.
  4. Schedule a day when you can sit alone or with your partner to view your insurance, retirement contributions, and other savings plans.  Annual analysis of your financial position in the world helps keep things fresh and on track.

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