Spring cleaning your finances

Spring is almost here, the birds are chirping in the trees, the daffodils and daisies are appearing and the days are getting lighter and warmer.  I don’t know about you, but one of the things I love about spring is the chance to spring clean and get everything order, so I can go ahead and enjoy the summer with my loved ones.

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 However, as important as spring cleaning a house is, it is even more important to spring clean your finances?  How long has it been?  Are you paying out for memberships you don’t even use anymore?  Let’s get your financial house in order with our 5 tips:-


1.        Organise your financial documents

Spring cleaning is all about decluttering.  Do you have financial documents you could have culled years ago?  As Marie Kondo says “The best way to find out what we really need is to get rid of what we don’t”.


2.       Examine your expenditure

 Do you have memberships or magazine subscriptions you are still paying for that you no longer need?  Time to cancel those memberships or subscriptions and save a little bit of money.  Sit down and really examine where all your money is going – you could be paying for a gym membership you thought you cancelled months ago - there are always smarter ways to pay for the things you want and need.


3.       Review your bills

 Life is busy and sometimes it can be downright hectic. It is easy to become overwhelmed and distracted and allow things to fall through the cracks.  When was the last time you shopped around for insurance or utilities?  You could be paying through the nose for these and missing out on some great deals.  Set some time aside and use a comparison website to get the best deal available.  www.moneysupermarket.com is great for this or look for some recommendations from friends, so you both get a bonus for the referral.  Check out which bills are due a review, these could include:-


·         Household insurance

·         Buildings insurance

·         Life insurance

·         Mortgage

·         Satellite TV

·         Mobile phone

·         Landline phone

·         Broadband

·         Utilities


4.       Target your spending habits

 It is never too early or too late to make changes to your spending habits.  Maybe this spring, you could break out of old routines like shopping every Saturday, eating out every Sunday or that on-the-go coffee purchase during the week.  Identify spending habits you can change and you could land up saving yourself a small fortune. 


5.       Set yourself a savings goal

One of our goals here at TWiCE is to create a savings culture.  A good way to ensure your finances are clutter free is to set some savings goals.  That way, you remain focused and when the temptation arises to spend money on frivolous items, you think of the impact it will have on your ability to reach your savings goal. Be realistic though and don’t set the goal to low or too high.

Here at TWiCE, we believe every penny counts and if you take care of the pennies, the pounds will take care of themselves.  If you would like to find out more, sign up for our Fortnightly Insights and money stories here and find out how you can learn how money works and how you can make it work for you.

  • Natasha W


Disclaimer:  The above information does not replace financial advice.  Please ensure you seek independent financial advice before making any decisions regarding your finances.  We also recommend that you carry out your own research to ensure that this is right for your own unique circumstances.  Please note that we sometimes link to other websites but we cannot be held responsible for their content