Spring Cleaning Your Finances

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Spring Cleaning Your Finances

2/28/2017

Regardless if you enjoy cleaning or not, there’s something refreshing about the arrival of spring. The change in weather, the birds coming out of hiding and the blooming flowers help motivate us to get our house in order. Why not take the time to do some spring cleaning on your finances too?

Here are some ways to clean up your finances this spring. 

Keep your Budget in Ship-Shape

One of the main concerns about financial planning is where to start. Formulating a budget plan is a great place to begin your insurance plan.  Making sure you have a budget and it’s working for you are important steps to begin with. If you haven’t made these steps, or you’re in the process, make sure you review your habits and be aware that it might be time to improve your budget for the future.  

Freshen Up your Retirement Plan

All of us can’t wait to be lying on a beach, care free and not worrying about work. Wouldn’t it be nice not to worry about your financial security in retirement? The best way to go about your retirement plan is to make sure you’re reviewing it on a yearly-basis. This will ensure you won’t outlive your money. There’s nothing worse than running out of money when you need it most.

As your career progresses, maximizing your retirement plan is a great goal to strive for. You want to make sure you’re saving enough money for yourself. Consider increasing your contributions to your retirement savings if you are able to. If you have any concerns, meet with a Catholic Financial Life Advisor. They can answer any questions you might have about your retirement plan. Learn more about retirement in our Financial Wellness ebook series- http://join.catholicfinanciallife.org/catholic-financial-life-free-financial-ebooks

Make Sure your Life Insurance Plan is Spick-and-Span

When was the last time you reviewed your life insurance plan? Life insurance isn’t something you think about every day. Things are constantly changing in your life, especially your financial needs. It’s important to be prepared if something were to happen to you. Life insurance provides a safety net to ensure your loved ones are protected. Try one of our life insurance calculators today to help review your coverage.

Finish Up with Your Beneficiaries

Once you’ve decided on an insurance plan with your Advisor, you’re asked to name a beneficiary. When you pass away, the beneficiary is eligible to receive benefits from your policy. 

You don’t have to go through the spring cleaning of your finances alone. Contact a Catholic Financial Life Advisor today and they would be happy to help you get organized.

Tagged: Finances

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