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Jill Russo Foster

Tips for Successful Personal Finances

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Spring Cleaning Your Finances & More

As I sit here and write this blog post about spring, I am glad it actually begins tonight.  The days are getting longer with the change to daylight saving time.

For us, it has been a mild winter with only one snow storm of a couple of inches back in January.  We have even had some record warmth days with one more coming tomorrow.  If fact, I know it’s spring is here because the daffodils and crocus are blooming.

In this difficult time, I am trying my best to stay present and not react out of fear.  For me, the best way is to accomplish something, such as learning a new skills or tackling a project.

Here are some projects that you might want to tackle:

  1. When was the last time you shredded your out dated paperwork.  Typically, after seven years papers can be tossed with a few exceptions.  Check with your tax preparer for your situation.  This is a good time to do this as many communities have a free paper shredding days coming up in April for you to take advantage of.
  2. Did you learn something from filing your taxes?  Maybe you need to make adjustments to your paycheck withholding or to save more to be able to pay the taxes you owe.  Take a look at your finances and make the changes now with your HR department.
  3. Where do your finances stand in relationship to your beginning of the year goals?  Maybe you set a goal to save a certain amount this year.  Are you one quarter of the way there?  We are about three months into the year, therefore you should be at 25% of your goal.  Are you on the path to achieving this goals? Do you need to make adjustments to your finances to achieve the goal?  Now is the time to take a look and make the changes needed, so you are not disappointed at year end.
  4. When was the last time you changed your passwords?  Update your accounts with strong passwords.
  5. How about organizing your paperwork?  Paper comes in everyday and seem to pile up.  Use this time if your home to create a system that works for you.

Stay healthy and use your time wisely this spring.

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