It’s that time of year that we evaluate many things in our lives:
January is a month that we analyze our bills, We review all bills and if necessary, we take action. It could be as simple as comparison shopping, reviewing overages and more. One thing we have done was to review our homeowners insurance and make some changes. We replaced our home’s roof last fall, that qualified us for a credit on our homeowner’s insurance. We made some other small changes. All that resulted in a $500 premium savings.
As we reviewed finances, we made a decision to close some accounts that were no longer used, cancelled memberships / subscriptions that we didn’t use. We transferred some debt to a zero percentage interest rate credit card. If you do this make sure you payoff the balance before the zero percentage expires. We have taken the balance and divided it by the number of months. We make that payment or more each and every month. We updated our phone and mail preferences so that we receive less unwanted mail and phone calls. For links to these companies visit my resources page.
While we are preparing for our taxes, we are reviewing paperwork. That means filing, scanning and shredding. Be sure to check with your tax preparer about what documents should be saved and for how long.
At this time of year, we update all passwords. You never want to use the same password for your accounts – accounts should have there own unique user id and password. Yes, it can be a pain to remember. But if someone get access to one of your accounts, you don’t want to give them access to everything.
What do you do annually in January?