With flowers blooming and sunlight lasting longer, spring is the perfect time to refresh not just your home, but also your finances. Just like your closet or garage, your finances can accumulate clutter—outdated strategies, neglected accounts, and missed opportunities. A financial spring cleaning can help you regain clarity on your goals, optimize your wealth, and set the stage for the rest of the year.
Here are some suggestions on how you can tidy up your finances:
- Declutter Old Accounts
Do you have un-used bank accounts, forgotten credit cards, or overlapping investment accounts? Consolidating can reduce fees, simplify management, and improve performance tracking. - Review Your Budget and Spending Habits
Inflation and lifestyle changes can quietly dig into your savings. A seasonal review of your budget helps you identify areas where costs have increased, or even decreased, and redirect funds toward your priorities. Budgeting apps or spreadsheets are great tools to help with a monthly budget. - Refresh Your Emergency Fund
With economic uncertainty still lingering, a well-stocked emergency fund is more important than ever. Determine how much you would need in your account to get you through 3-6 months. This should be in an accessible account where you can have easy access to cash. If you dipped into your emergency fund recently, create a plan to replenish it. - Shred Financial Clutter
Go paperless where possible and securely dispose of outdated documents. Organize digital records for easy access during tax season or estate planning. Keep only essential documents and shred the rest. - Connect with your Rothenberg advisor
We’re always here to support you! Questions about investments? Want to discuss your portfolio? We are always available to answer any questions, review your investments and discuss your goals.
Spring cleaning your finances isn’t just about tidying up – it’s about creating space for growth, clarity, and confidence.
