Seven Methods to Freshen Up Your Budget for Spring
As spring arrives, many people embark on an intensive spring cleaning spree: clearing out their garage or going through their cupboards or revamping their health and fitness regimes.
One area often neglected is our finances. It can be easy for finances to slip under our radar if we receive regular paychecks with similar amounts coming in each month – leading to regular spending and inconsistent saving habits that become almost ingrained over time.
One way to gain control over your finances is to give them a spring cleaning, just as you might with your garage or linen cupboard. Here are a few tips to get you going…
1. Review Your Credit Card Bill from Last Month
Each month, review your credit card statement and identify any unnecessary expenses such as gym memberships, music/television subscription services and premium memberships to websites; these recurring payments can quickly add up over time.
Paying $7 for music streaming service, $80 in personal training sessions you keep canceling on yourself and $24 on monthly coffee bean deliveries you don’t even use, could add up quickly to lost money.
Recurring payments can add up quickly.
Be sure to review your credit card statements regularly for payments you no longer require and cancel them promptly in order to save some serious cash.