Spring is a time for renewal—a renewal of growth and fresh air. It’s also a great time to clean out our closets, clear out the cobwebs and get rid of the old junk cluttering up our lives.
While we’re at it, what about a spring cleaning for our finances?
It’s not just about getting rid of the clutter. This week as we see inflation subsiding and risk of a recession fading, you have an opportunity to take a breath, assess what you have, make sure it’s working efficiently, and decide if anything needs replacing or updating.
Some of the necessary groundwork has already been laid during tax season, so let’s take advantage of the timing by dusting off old plans and reevaluating with fresh eyes. I can also give ideas on how to utilize your refund, including considering the past-present-future 30-40-30 approach discussed in the New York Times article below.
Let’s check out your options. These articles can serve as inspiration and motivation as well. Enjoy!
Ways to Spring Clean Your Finances
What to Do With Your Tax Refund? Save for Emergencies.
Retirees Turn to Dividend ETFs for Income
5 Common Mistakes Made on Tax Forms—and How to Fix Them