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5 Step Plan to Spring Clean Your Finances

If you’re wondering how to spring-clean your finances, you’re definitely not alone. There are lots of useful things you can do to rejuvenate your financial situation, and most are super simple as well. We’ve listed a few of the top tips to spring clean your finances below. All of these will go a long way to setting you up for long-term financial success. So, let’s get into it!

How to spring clean your finances

1. Get rid of bad spending habits

The first thing you should do to spring clean your finances is locate and get rid of any bad spending habits. These could be simple things like an extra coffee each day that you could make at home instead. Cutting down on other needless shopping sprees online could be a way to cut down your monthly expenses. Just cut out anything you don’t need, and you’ll free up some extra money to be spent on more important things.

2. Use an app to consolidate your finances

It’s not too hard to find areas of your finances to optimize, but to make things even easier you can use a financial planning app. If you’re wondering “what is the best financial planning app?” then you can check out HoneyFi. Using a good financial planning app is a great way to streamline your budgeting.

3. Perform an audit of your bills

Sometimes it’s good to take a step back and just consolidate everything you’re spending money on. Performing an audit of your bills might sound daunting, but essentially all you need to do is go through all of your outgoings and make sure there’s nothing in there that you don’t use anymore. Check current deals and prices for services you’re paying for and see if there are any areas you could be saving some money.

4. Pay off your debts

Paying off your debts is one of the easiest ways to spring clean your finances. Debts are only holding you back, and if you can afford to pay them off right away it’s worth considering. However, you can always just put together a plan that will allow you to pay your debts off in a given time period with regular payments instead.

5. Take a look at your credit cards

If you have several credit cards, it could be worth checking that there are no better options out there. Check your current interest rates and see if you’re eligible for a more favorable one with another company. Also make sure to close any accounts that you don’t use that could be charging you annual fees. Finally, you could also be eligible to claim various rewards like airline benefits or free meals, so make sure you’re not missing out on anything!

Complete all of these steps and you’ll be well on your way to spring cleaning your finances!



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