The first indications of spring make me so happy. It is always such an interesting event as the dead and brown becomes green and colorful, and life seems to be breathed into the earth. After spending the winter indoors, almost like a hibernating bear, it is so exhilarating to go outside and realize that I do have people that live next door to me. With trees blossoming like giant bouquets, tulips and daffodils poking their beautiful heads through the dirt, it makes it almost impossible not to enjoy the sun, cool breeze, and mild temperatures that spring brings.

    As the Spring season nears, the inevitable spring cleaning comes with it. However, your home is not the only thing that needs cleaning. It might be a good idea to clean your finances in order to make them more solid. Here are 5 tips to consider:

    1. Understand your finances together. Some families split these duties which can lead to confusion and disorganization. Do them together and celebrate your financial successes together.
    2. Take an inventory. Even if you think you might know all of the things in your home, it is always a good idea to take a full inventory. Insurance companies will pay out little if you don’t document things well.
    3. Remove financial clutter. With modern finance, it’s possible to have many bank accounts, credit cards, debts, mortgages, and a wide variety of other things. It is best to simply remove the financial clutter from your life and you’ll save significant time and money.
    4. Get rid of old financial documents – keep your tax records for the past 7 years, a year’s worth of pay stubs and statements, and 45 days’ worth of credit card statements. Otherwise, get shredding!
    5. Review your insurance – see whether or not you are justified in paying such a high monthly premium. If not, create an emergency fund, and reduce your coverage to save money in the long-term.

    Hopefully through this spring cleaning experience you will find money to enjoy some traveling, home improvement projects, and any other things that your heart desires.

    C. Blake Burrell
    CEO/President

    Wasatch Peaks

    Written by Wasatch Peaks