Spring cleaning isn’t just for your home. Don’t forget about the part of your life that often gets the most cluttered—your finances. 

A financial spring cleaning gives you the chance to step back, take control, and ensure that your money is working for you, not against you. And it doesn’t have to be overwhelming. There are a few key areas I always recommend to clients looking to unlock new opportunities and provide clarity for the year ahead:

1. Do a Full Budget Review

Do you know how much you actually spend each month? 

If you do, I’d say you’re probably in the minority. Most people have a rough idea of major expenses, but those small, recurring charges and everyday spending can add up fast, and even high earners aren’t immune to financial waste. The difference? Those who stay on top of it keep more of their money working for them.

Review your monthly expenses and identify any recurring charges that no longer serve you, such as gym memberships you don’t use, multiple streaming services, or auto-renewed subscriptions you’ve forgotten about. Ask yourself whether your lifestyle choices have shifted, and make sure your spending aligns with current priorities, whether it’s family experiences, philanthropy, or personal interests.

The goal here isn’t about cutting lattes—it’s about eliminating waste and ensuring every dollar is used intentionally.

2. Review Your Credit Report

Checking your credit score is basic advice, but a real financial spring cleaning requires going deeper.

• Make sure that all information is accurate and up-to-date.
• Confirm accounts that are open and valid.
• Check for recent credit inquiries.
• If you have any accounts in collections, make a plan to address them.

A spring review should focus on ensuring your borrowing structure is working for you, not against you.

3. Renegotiate and Optimize Bills and Services

Start with your insurance policies. Car insurance, homeowners insurance, and even life insurance rates fluctuate over time, but many people stick with the same provider for years without checking if they’re overpaying.

Next, look at your utilities and service providers. Many offer lower rates to new customers—sometimes, simply asking for a better deal is enough to unlock savings. Also, check lifestyle expenses like private memberships, club dues, or concierge services. Are they providing full value, or is it time to reassess?

4. Rebalance Your Investment Portfolio

Markets evolve, and so should your portfolio. A spring financial review is an opportunity to:

• Reassess asset allocation. Are you overexposed in certain sectors? Does your portfolio reflect your current risk tolerance and long-term objectives?
• Evaluate tax efficiency. Tax-loss harvesting, charitable giving strategies, and asset location (taxable vs. tax-advantaged accounts) should be reviewed annually.
• Review alternative investments. Private equity, real estate, and other non-traditional assets require periodic evaluation to ensure they remain aligned with your financial strategy.

Spring is an ideal time to make strategic adjustments. If you’re unsure where to start, we can work with you to help ensure your portfolio remains optimized for growth while minimizing unnecessary risks.

Improving Your Financial Mindset

Beyond the obvious benefits of spring cleaning your finances, our clients who regularly review their finances experience confidence and greater peace of mind in their decisions.

Ultimately, the more proactive you are, the less financial stress you’ll have in the long run. If you’re ready to fine-tune your financial world for more clarity and confidence, my team can help. Get in touch today to find out more. 

 

This material is distributed for informational purposes only. Investment Advisory services offered through Journey Strategic Wealth, a registered investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). The views expressed are for informational purposes only and do not take into account any individual’s personal, financial, or tax considerations. Opinions expressed are subject to change without notice and are not intended as investment advice. Past performance is no guarantee of future results. Please see Journey Strategic Wealth’s Form ADV Part 2A and Form CRS for additional information.

Securities offered through Purshe Kaplan Sterling Investments, Member FINRA/SIPC, Headquartered at 80 State Street, Albany NY 12207. Purshe Kaplan Sterling Investments and Journey Strategic Wealth are not affiliated companies. Not FDIC Insured. Not Bank Guaranteed. May lose value including loss of principal. Not insured by any state or federal agency.