Coming down with a case of spring-cleaning fever?
Embrace it! Now is also a perfect time to tidy up your finances.
As you start to declutter and reorganize, don’t forget to dust off these three corners of your financial home:
There are documents for everything – from billing statements to banking statements, and everything in between. And it can all accumulate at an amazing rate.
As you find documents you no longer need, use a cross-cut shredder to securely dispose of them.
This is also a good time to create, or review, a list of your vital documents, which should be stored in a secure place, such as a safe deposit box.
Then, if you haven’t done so already, make it easy on yourself and put a stop to some of this paper madness by paying your bills electronically. Dupaco Community Credit Union offers several ways to automate your payments. You also can sign up for free eStatements, a secure, paperless format of your Dupaco accounts.
“We recommend eStatements not only because it’s less clutter, but it’s much safer,” says Tonya McGlaughlin, branch manager of Dupaco’s Mullan Avenue branch in Waterloo, Iowa.
Once you go electronic, it’s important to continue monitoring all of your accounts, McGlaughlin adds.
Make sure your credit is shipshape by reviewing your report at AnnualCreditReport.com.
You can get a free copy of your credit report every 12 months from each of the three credit bureaus, TransUnion, Equifax and Experian. Space out your reviews by pulling your credit report from a different bureau every four months.
“It’s important to pull your report to be aware of what’s on there and to make sure there’s nothing on your report that shouldn’t be there,” McGlaughlin says.
To learn more about your credit, schedule a free Dupaco Credit History Lesson.
Revisit your spending plan to make sure it still fits your lifestyle and needs.
Dupaco offers several budget calculators that can help you keep tabs on what’s coming in and what’s going out.
For a more in-depth look at your financial picture, Dupaco offers free Money Makeovers, which can help you declutter your finances by cutting costs and building savings.
By Emily Kittle