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Spring Cleaning Your Finances

Everyone loves or loathes Spring cleaning their house but how many of you Spring clean your finances? This is something that will help keep you on track toward your financial goals whether its saving for your family vacation or saving for your first house.

So what goes into Spring cleaning your finances? It’s taking a deep look into your budget, spending, income and where you can clean some stuff up with your finances. It’s looking at whether you need that donut when you buy your coffee (I am guilty of this) or do you need to eat out once a week or can every other week work into your lifestyle?

For most people, your income is a set amount every week or every other week because that’s when they receive their paycheck. For my family, the hubby gets a paycheck every other week for his night job. Then, our income fluctuates because we own businesses that rely on other people either hiring Doug for a service or for myself someone purchasing my products. We have adjusted our budget to accommodate the way our income is paid to us but for most people you know how much you will be getting and when which makes budgeting and analyzing your spending so easy.

Do you fit into the 50/20/30 rule? One of the hardest part of the rule to stay in is the 30% for your lifestyle because it’s easy to add those extras into your spending. I am so guilty of this especially eating out. When I am to tired to cook because I was up all night with the baby or we were out with the dance or something else going on, eating out is the easiest physical solution. Afterwards, I kick myself because financially I shouldn’t have spent that money because it could have gone towards the family Disney trip we are savings towards.

As a new series, I want to break down ways to cut down on the lifestyle spending through the Spring season. Each Sunday, I will focus on a different way to Spring clean your lifestyle spending in a fun way. Let’s Spring clean our finances while having fun!

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5 thoughts on “Spring Cleaning Your Finances

  1. It’s so easy to order in instead of cooking something at home. Especially when you have a little one. Another thing I am quilty of is picking up a few extra items at the grocery that were not on my original list.

  2. Our monthly income may change (husbands in sales) next month – and if it does I will have to peel back the spending so much

  3. I so agree with spring cleaning your finances! I plan on doing this for the 2nd quarter! Thanks so much for sharing!

  4. Great idea, I am planning to do this . I need to work on lifestyle choices, specially eating out.

  5. Great Idea

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