• Quick Tips to Spring Clean Your Finances

  • by Kristen Curzytek

If you have finished your spring cleaning around your home, now is time to tackle your finances. Many people often forget to keep their finances in order which can lead to big issues later on down the road. Below are some tips and suggestions to help you spring clean your financial situation.

Shred old documents

The first step to cleaning your finances is to shred old documents you no longer need. For a helpful guide on how long you need to keep certain documents visit usa.gov and search for “Managing Household Records.”  The usa.gov website is a useful website to use for keeping track of what documents you should be keeping and what one you can shred.

Once you have checked out what documents you need to keep, start making piles of what you are keeping and what you need to shred. Remember that all of your financial documents need to be shredded, do not simply through them away. Dishonest people could get a hold of your person information and use the information.

Review your beneficiary forms

If you have beneficiary forms, review them and make sure that they reflect exactly what you want. If you do not have beneficiary documents, consult a lawyer to see how to go about setting up beneficiary forms.

Check your credit

It cannot be said enough, your credit is very important to your financial health. It is extremely important you check your credit at least once a year. You can receive a free credit check once a year. A good source to use to check your credit is quizzle.com. Quizzle provides many financial tools to watch over your credit and help improve your credit.

Review your portfolio

If you have many investments or just a few be sure to check the health of your portfolio at least once a year. You need to insure what investments you have make sense for your financial goals.

Take a finance class

If you are feeling your knowledge on finance is a little lack luster, you can take a finance refresher course. Check with your financial institution, they may offer financial courses for free. You can learn how to make changes to your financial behavior to help be financially savvy. A recent survey by the Financial Industry Regulatory Authority (FINRA) found that respondents with low levels of financial literacy are more likely to engage in costly credit card behavior compared to respondents with higher financial literacy.

Go green

Now is a great time to set up your bills to be delivered electronically to your email rather than through regular snail mail. Receiving your bills electronically through email is much safer than traditional mail and you could receive discounts, gift cards or coupons for switching over to paperless. Plus it is a lot faster, so you can possibly keep better track of your bills and balances. Many companies are trying to eliminate sending out paper bills to help cut down on their costs and there is a good chance in the near future all companies will go to paperless bill pay.

Following this few tips and suggestions should help you obtain your financial goals in the coming year. It is always a good idea to periodically organize your financial paperwork to make certain everything is in order. It will help you and your family in the long run.

Do you have a cleaning tip for your finances? Let us know!


Organizing your financial situation got you worried about your future? A Reverse Mortgage can be the answer to financial security. There are many advantages with a Reverse Mortgage that just make sense for a lot of seniors today. If you have any questions or want to learn more, call One Reverse Mortgage at (800)442-6828.

Kristen Curzytek is a writer for the One Reverse Mortgage blog. One Reverse Mortgage is the largest reverse-only mortgage lender in America.