Spring is when we all get out to clean our homes and gardens to prepare for a fresh beautiful start, right? So, what is preventing you from applying this same principle to your finances? Spring cleaning your wallet can help you have a better perspective on consumer debt and overall money management.
If you’re trying to pay off debt, ACCC can help.
Spring Cleaning Your Wallet
From Your Wallet to Your Debts
When we say the phrase “spring cleaning your wallet” we mean both your physical wallet as well as your total financial overview. In the literal sense of this topic, just clean up your wallet. Get rid of old receipts, expired discount coupons, and organize your cards the way it’s most used. This is step one of good financial management. While you are in the process of organizing, look at all your credit cards. What kind of annual fees and interest do you pay on each? How much work do you have to put into settling credit card debt? What is your plan for debt management? Can you manage this on your own or would you rather take the professional debt consolidation route?
Keeping Your Record Straight
Another important step in spring cleaning your wallet is to make sure your financial records are working in your favor. Take time to review your credit reports thoroughly. You get one free credit report from each of the three major bureaus every year, which you should use to ensure your credit reports are accurate. Any errors in your reports can potentially be a headache for your overall financial management. So, correct them as you go.
In Summary
Periodic maintenance of your finances is as important as maintenance of your home and even yourself. Therefore, take the time to review, report and restructure your finances when needed.
If you’re struggling to pay off debt, ACCC can help. Schedule a free credit counseling session with us today.
