Your Financial Spring-Cleaning Checklist
Spring is coming up quickly this year, and it's never too early to start your spring cleaning. But why should spring cleaning be limited to your house? This spring, clean out your finances too! This way, you can get rid of any unwanted expenses and debt to be ready for a fun summer. Keep reading for more tips on how to "spring clean" your finances.
🎯 Prepare your Taxes
Tax day is officially April 15th, but preparing for taxes takes more than just one day. As an Education First Credit Union member, you can save big on tax prep with your exclusive member discount. Click here for more details.
- Important note for Education First members to have your refund directly deposited into your account: When filing your taxes, ensure you use your 13-digit account number and 9-digit routing number. Your full account number is available in your Account Details in our mobile app. You can also contact servicecenter@educu.org.
🎯 Declutter your Debt
Create and stick to a plan to help pay off your debts. Consider different debt-relief strategies and determine which would fit your lifestyle best. Is it better for you to focus on paying off one loan at a time? If so, which loan should you focus on?
Our loan officers at Education First Credit Union are here to assist you with paying off debts and getting into a comfortable financial position.
🎯 Go Paperless
If you want to clean your house and your finances, going paperless checks off both boxes! Paper statements can create piles of paperwork that you don't know what to do with.
If you're still receiving paper statements from your financial institution, change your preferences to paperless. You'll reduce the amount of clutter in your home, and you can keep all of your e-statements in one place on your computer.
🎯 Reorganize your Budget
Do you know the last time you took a look at your monthly finances? Just like sorting through old clothing, you might find some unnecessary expenses or subscriptions in your budget that you didn't know were there.
With a clearer picture of your budget, you can carefully track how much you're saving for your different goals.
🎯 Stick to a Schedule
Choose a day each month to look at your finances. Check your income, expenses, and any loans or credit card accounts you have. Not only is this a good way to ensure no one has hacked into your accounts, but it also gives you a better idea of what you're saving and spending.
If you keep up on tracking your finances regularly throughout the year, you won't need to worry about it getting too messy again!