How to Clean Up Your Finances

Looking for something to do this weekend?

Try these five financial cleanup tips to reduce stress, improve your financial life, and get a solid start on your future.

1. Get Organized. Buy whatever organizing tools you need to consolidate your receipts, statements, and finances. Be sure it’s a system you can and will use.
2. Label Everything. If you’re doing everything on a computer, use a clear naming system. If you are using file folders, break out the label maker. By clearly identifying your system, you’re more likely to use it.
3. File Everything. Again, if you’re using a computer, keep things simple and organized. If you’re using paper and file folders, store them away in an actual file cabinet or file drawer. Whatever method you choose, you’re going to want to create a file folder for your insurance information, taxes, warranties, Social Security cards and statements, as well as information on your cars, home, and more.
4. Buy a Shredder. You’re going to need it for old statements, outdated receipts, and anything that could be used to steal your identity and ruin your credit. Be sure to hang onto statements and receipts for up to five years for tax purposes. Better yet, scan everything and store it all on a password-protected hard drive.
5. Use Digital Banking. Once you have a login and password, you’ll have the option of skipping paper statements and choosing E-Statements to reduce clutter and the chance of identity theft.

InRoads Has the Answers

Whether you’re buying a home, financing a car, planning for a huge vacation, or simply want some budgeting advice, InRoads has what you need to make it happen. Connect with us and discover how your InRoads membership can have a big impact on your financial future.