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Here are tips on spring cleaning your finances courtesy of Madamenoire.com.

Revisit Your New Year’s Resolutions: Raise your hand if you are still on track with keeping up with your New Year’s resolutions. Anyone? By now most New Year’s resolutions are no more. Everyone starts the year off with every intention of following through. But life happens. Our schedules get hectic and our days fly by. Spring is the perfect time to revisit those promises you made to yourself. Don’t give up. Just pick up where you left off. Attacking your financial goals should be an ongoing task that we always strive to accomplish. Continue to kick debt to the curb!

Clean Out Your Closet: How many times do we buy an item that looks very similar to one we already have? Most times we purchase clothing because our closets are overflowing with items that we cannot find when we need it. Take the time out to go through every piece of clothing you own. If you have not worn the item in at least a year, then it is time to donate it or sell it to make some extra cash. Once you go through all of your clothing, organize the rest of your closet by color and clothing type. Now, you will be able to open your closet doors and immediately see what you have, saving you money before you buy it again. The rest can be donated. And most places where you donate, will give you a charitable donation letter that you can use to claim on next year’s tax return. If you are strapped for cash and want to make a little side money, eBay and Craigslist are great places to sell items. Or have a garage sale! We absolutely, love garage sales. One man’s garbage is truly another man’s treasure.

Request a Free Copy of Your Credit Report: Every 12 months you are allowed to request a free copy of your credit report from all three credit bureaus: Transunion, Experian, and Equifax. We personally use www.annualcreditreport.com, which the FTC recommends to avoid scams and other companies taking advantage of consumers. This is a good practice for finding items on your credit report that are incorrect or fraudulent. Your credit report is vital to your financial health because this is an indicator to lenders of your credit worthiness. Check out the Federal Trade Commission’s website for more information.

Review All of Your Insurance Policies: Your insurance needs can change from year to year, so sit down with an agent to go over the policies for things like auto, home, life, and health insurance. You don’t want to be under-insured or over-insured.

Reassess Your Budget: Creating a budget should be something that you accomplish every month. However, Spring is a great time to reassess your budget and make sure what you have been doing since January is still working out for you. During the warmer months we all have a tendency to spend more. The kids are in Spring/Summer activities such as camps and swimming. And, let’s not forget about the vacations that cost money too!

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