Life is busy. Life is hectic. We live in the hustle and bustle and the days pass so quickly. From week to week we may have plans of things to do and jobs to take on, however with our careers, child care and finding some essence of family time, we so often keep these things at the bottom of the list. One of the areas you may with to concentrate on is your finances. When we are so busy, we don’t always see the money flying out the door or how much we are actually spending month after month. Giving yourself some time to declutter your finances is a great idea!
Check Your Insurance Policies
One of the areas in life we often pay into every month, or annually, is insurance. We have policies for our home, our belongings, our car, our lives! Sometimes we don’t even know what policies are active. Now is the time to declutter your finances. Life insurance is one of the biggest things we can possibly do for our family, especially when, over the last few years, we’ve seen just how short life can be. By using a service like Protect Your Family you’ll be able to compare the cost of insurance polices.
Rather than just auto renew with your current provider, you can see how much you can save, whilst still have similar coverage. Compare wedding insurance, home emergency cover and much more to get a good deal and save some cash!
Cancel Those Direct Debits
How many times have you signed up for something or taken advantage of a free offer but forgotten to cancel the direct debit? I reckon we’re all guilty of it and it can be so annoying. Sometimes you remember when it’s too late but so often we sign up, forget we’re paying for it and don’t even use the service we’re paying for. With so little time to watch things, why are you signed up for Amazon prime Video, Netflix and Disney+? You can only watch one at once and the amount you’re paying adds up!
It’s time to declutter your finances and look at those direct debits falling out of our bank account month after month. Cancel the ones you don’t use. See if there are free trials you can use over the next couple of months and for heaven’s sake, cancel that gym membership from when you lived at your old house 55 miles away!
Make A Dedicated File You Can All Access
When you declutter your finances, you need to make sure everyone who needs to can access the documents. You all need to know where policies are. If something happens to you and your partner doesn’t know where the life insurance is, how will they know how to claim? You need to sit down and make a joint file on your computer. Input all the information and keep it up to date. Make sure all passwords, usernames and policy numbers are detailed.
It is wise to password protect this so it cannot be accessed by an outside party. That pile of paperwork you avoid every month can quickly vanish when you declutter your finances into a spreadsheet.
Start Spending Smarter
How often do you simply tap your contactless card, maybe even without checking how much you’re spending? A great way to get a handle of your finances is to spend with cash. If you are often tempted in the supermarket or will stop for a takeaway coffee on the way home, leave your contactless card at home. Only take cash with you. Some people even freeze their cards in a plastic tub of water! You are much more likely to question your purchase if you are spending with actual money. If you don’t have enough cash to pay for something, you won’t be able to buy it. This can be a great way to get out of the habit of impulse purchasing. Furthermore, it helps you declutter your finances by seeing what you are actually spending cash on.
By getting the best price you can for everything you spend, you will be sure that you are making the most of your money. Declutter your finances, get them down on paper and it will un-boggle your brain.