The last few days of summer give way to changing leaves, apples and crisp fall air. Changing seasons are a natural time for cleaning house – so why not look at your finances too? Clearing the financial clutter will help you keep better track of your money and information so it's ready whenever you need it. Plus, getting organized might even uncover some ways to save. Here are some tips to help you rake in some savings along with those leaves.
Just like any cleaning project, it's best to know what you're working with. Take stock of all financial records, personal records and valuables. Knowing exactly where your important documents are is also helpful in case of an emergency like a flood, fire or other home event.
Keep, store, shred
Having a good filing system will ensure you know where your key documents are and can find them at a moment's notice. These can be divided into three categories: keep, store, shred. Keep documents and records you use regularly; store documents that are more than three years old that you still need, but not daily; and shred what you don't need any more.
Review and update
Now that you have a handle on what you have and where to find it – it's a great time to see if there's anywhere you can save money. Look at services like cable, interest rates on loans and credit cards, and review your insurance policies to see if you're getting the best deal. And be sure to review regularly. Now that your information is all in one place it will be easy to review your bills and update your budget.