Spring-Cleaning Your Finances

posted in: Blog, Financial Tips 0

Springtime is here! The flowers are blooming, the weather’s getting warmer and it’s the time of year when many people do a little spring-cleaning. With that in mind, it’s time to evaluate the old and embrace the new when it comes to your finances. With tax season coming to an end, spring is a great time to re-evaluate your current finances and set new goals for a successful financial future. Here are some ways to freshen up your finances this spring!

Sell The Old

You might not think spring-cleaning your home has anything to do with your finances, but it actually has big potential for extra cash! Yard sales are a great way to get rid of things in your house that you aren’t getting any use from and make some profit while doing so! You’d be surprised how much you’ll start to collect. If a yard sale isn’t applicable, take a trip to your local trading store or jump online to Amazon or Ebay and get some money in return for your goods!

Evaluate the Current

As the saying goes, out with the old and in with the new. But we’re missing a step! Spring is also a time to reevaluate your current finances. Take a closer look at the subscriptions you’re paying for, your credit score, and any debt that you may be faced with. This could be a good time to cut back on your cable bill or the pricey gym membership you’ve been tied into. This is also a time to look at your bank accounts and consolidate. If you find yourself with multiple bank accounts that you’re rarely using, consider closing some.

Set the New!

Consider setting up new financial goals this spring to ensure success throughout the year. Whether it’s long-term planning for retirement or a short term goal saving up for your next vacation, take time this spring to set new goals for yourself! Put a time frame on your goals so they can be more easily achieved. By setting up your goals in springtime, it gives you all of summer to relax in the sunshine by the pool with your future already planned out!

At Camino Federal Credit Union, we put our member’s financial wellbeing first. If you would like to learn more about how we can help you with your finances, call us at 800-835-3400.