Spring Clean Your Budget

While it is important to spring clean your home, make sure to also spring clean your budget.

April showers bring May flowers, and once that happens, it is time to do some spring cleaning. While it is important to spring clean your home, make sure to also spring clean your budget. Dust away old habits and plans, to make way for a better approach to your finances. Much like spring cleaning your home, it is encouraged to get help spring cleaning your budget. You can contact a Mary Rigg Financial Coach to get it done.

Here are some ways you can make sure to clear out the winter blues from your budget and grow some financial spring flowers.

Sweep away bad spending habits

Springtime is a great time to examine your spending habits to make way for habits that better serve you. You can do that by looking at where you are spending the most money versus your needs and goals.  Taking time this spring to look at your spending and how that serves you is a great way to refresh your budget during the season of new beginnings and growth.

Dust off your budget

Clear away the cobwebs off your budget and find ways to make it work better for you. As one of your best tools for reaching your financial goals, your budget can be the framework of how you use and save your money. When you use a budget regularly, it helps you know exactly how much money you have and where it is going when you spend or save it. There are several different types of budgets including online software or physical versions like the envelope system. Find the one that works best for you.

Throw out your debt

Taking a loan out can be helpful in getting what you need but managing debt can be a stressful process. Throwing out what debt you can by paying down what you can be helpful in refreshing your budget this spring. Making a payment plan that you can stick to will help you make the lasting changes you need to reach your goals.

Catch up on your overdue payments

Springtime is a great time to catch up on any late or overdue bills and payments. As the season of new growth and life, this is the ideal time to get all bills up to date. If you need to make some room in your budget to cover those bills, there are several different ways you can manage that. That can include a yard sale, using your tax return check for bills, or even changing your spending habits to shift money to other payments.

Make plans for the future

The springtime is when you plan and plant your garden, in the same way you can plan and start your financial goals and future. Keeping the future in mind will help you make the adjustments you need to reach financial goals. Combining a plan with your budget can set your up for a successful financial year.

The springtime is a great time to clean off your budget and start making goals for your financial future. Making some little changes can create big changes and help you reach those goals. If you need help making a plan or managing your money, contact a Mary Rigg Financial coach to get started.