Spring cleaning is a great way to start fresh in your life.  Take a day to evaluate all of your finances.  This can help you save money and time.

Here are 5 steps you should take to clean up your finances:

1. The Tax Clean-Up

At this point, you have already submitted your taxes and were even lucky enough to get a refund.
Be sure to double-check your withholding allowance on your paychecks. Double-check your dependents that you may or may not have to claim, check exactly what you are claiming when it comes to your lifestyle, and update your W-4 form.

2. The Auto-Pay Clean-Up

Do you still receive paper billing or do you get e-bills? Maybe now is the time to get all of your payments on auto pay. This will ensure that your bills are payed on time every month. If you do opt for auto pay, check your bank statements to ensure that the right amount is taken out every month.

3. The All-the-Extras Clean-Up

Validate that you need everything you are paying for monthly. Do you really need cable? Are you really going to go the gym every month? If you really do need these, then keep them. You can save yourself money if you cut out some of the unnecessary junk.

4. The Banking Clean-Up

Take a look at all your credit card, checking, savings, and investment accounts. It’s time-consuming, but switch banks if your current one is not matching your needs. Maybe a credit union is a better option for you? Take a look at this informative article from MoneyCrashers.com that compares banks and credit unions.

Also, move your banking life online to reduce risk of identity theft and save a tree. Do you really need to be mailed a paper statement every month? However, if you do prefer it, be sure to destroy the documents when you’re through with them versus just throwing them in the trash. Better safe than sorry!

5. The Life Goals Clean-Up

Evaluate what means most to you in your life. Cut off the negativity in your life. Start fresh, do things that make you happy.

Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance.

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