The first warm sunshine of the year can be a time for renewal, not just in the home with the traditional spring clean, but also for your finances. Most of us, provided we don’t meet with any disasters such as sudden loss of income, don’t pay much attention to our finances from day to day. This can be a mistake and could lead you into trouble, or it may just mean that you’re not getting as much out of your finances as you could. Either way a financial spring clean can turn things around and help get your finances back on track.

Spring clean your finances: Top tips

Manage your debt:

Credit card bills and loans can build up, and it can be all too easy to get into a cycle paying one off with another and letting the interest spiral out of control. A spring review provides the perfect opportunity to review your finances, and with the aid of other steps such as cutting back on any unnecessary expenses, can help pay off your everyday debts and stop you throwing money away on interest payments.


Budgeting is probably not on your list of favorite tasks, but a little time spent looking at your income and comparing it with monthly expenses can help you save better and cut out unnecessary costs.

Insurance policy maintenance:

If your family circumstances or income level has changed since you took out your insurance policies, chances are that they could do with a review. Likewise, you should also check for policies that are nearing their renewal deadline. Arranging the right insurance cover can mean the difference between a whole load of worry, even disaster, and a degree of financial security knowing that should the worst happen the financial costs can be considered taken care of. If a policy is up for renewal make sure that you shop around to get the best deal to suit your circumstances and your pocket.

Save and invest better:

It’s important to keep track of any money that you do have, either in savings or investments. Investment portfolios can quickly stagnate, and savings can be eaten away by inflation. Reviewing your capital deposits regularly can keep them in check, and what better time to start than spring?

Getting advice:

Taking financial advice doesn’t have to be the preserve of the rich and an independent financial advisor can offer professional advice on planning ahead and getting your finances in order, even if you only require a one-off service to help with your spring clean.

You may also want to check your credit report for errors as these could affect your ability to get credit if you need it.

Whatever the time of year, keeping track of your finances can help you get the most out of your money and secure your financial future.

This post was written by John Hughes who is the resident blogger at, a site that provides access to financial advisors as well as to debt advice charities for those struggling with their debts.

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