Financial Spring Clean

17 items · Lifestyle · Medium difficulty · 1 hour

One-hour annual financial review to cut fees, boost savings, and update your documents.

• Gather key financial documents

  Collect recent bank statements, pay stubs, investment statements, insurance policies, and last tax return.

• Audit bank and credit card accounts

  Scan for fees, low interest, unauthorized charges, and overlapping accounts.

• Close unused or duplicate accounts

  Transfer balances and update automatic payments before closing.

• Review recurring subscriptions and memberships

  List monthly and annual charges on cards and bank statements for the last 3 months.

• Cancel unwanted subscriptions and set reminders

  Use provider portals or contact support; note renewal dates and cancellation policies.

• Check insurance coverage and compare quotes

  Review home, auto, health, and life for coverage gaps and premium savings.

• Update beneficiaries on policies and accounts

  Confirm beneficiaries for retirement, life insurance, and transfer-on-death accounts.

• Record beneficiary confirmations and save copies

  Download confirmations and add to your secure file or estate folder.

• Review investments and rebalance portfolio

  Compare current allocation to targets and rebalance across taxable and tax-advantaged accounts.

• Adjust retirement and investment contributions

  Increase deferrals, change asset mix, or automate transfers to meet goals.

• Check emergency fund and savings rate

  Confirm 3–6 months of expenses saved and set/adjust automatic transfers.

• Obtain and review free credit reports

  Get reports from AnnualCreditReport.com and scan for errors or fraud.

• Dispute inaccuracies on credit reports

  File disputes with bureaus and lenders for any errors you find.

• Prepare tax documents and organize receipts

  Gather W-2s, 1099s, deductible receipts, and a folder for next-year records.

• Update or draft a simple will and estate notes

  Confirm executor, guardians, and leave clear notes for digital access.

• Set financial goals and next-step actions

  Define priorities (debt, savings, investing) and calendar monthly actions.

• Schedule an annual follow-up financial review

  Add a recurring calendar reminder to repeat this clean-up next year.

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