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4 Ways To Spring Clean Your Finances

Dharshaini Grace

Dharshaini Grace

Last updated 21 December, 2022

Just like how we would spring clean our house to welcome the New Year, we should also do the same for our finances! When was the last time you did a thorough check on your finances, insurance, receipts, and others? Probably the last time you did your tax - or never! 

But spring cleaning your finances will help you gain a better insight into your finances for you to be in control! Let the spring cleaning begin! 

1. Streamline your accounts and payments


If you have multiple savings accounts and credit cards, it’s time for you to relook into them and streamline them accordingly. 

For your savings accounts, dedicate your accounts for specific uses such as bill payments, salary accounts, savings, emergency cash and more. That way, you can even set recurring transfers and payments to save time and energy in the future! 

While for your credit cards, check if you’re taking full advantage of your credit cards. Each credit cards have its own benefits, such as petrol rebates, cashbacks, and more. Be sure you’re not just blindly swiping your cards and not getting anything in return. 

If you aren’t using some credit cards, then it’s probably time to cancel them. Not to mention, you could also be paying unnecessary fees by having multiple cards!

2. Organize and file your records


This is especially helpful especially when it’s time to do your taxes. Keep your receipts and documentation in designated folders so you can access your documents anytime easily! Separate your documents and agreements for houses, bills, cars, insurance, and more. For receipts, make digital copies and store them on your computer as the ink can get washed off as time goes by. 

3. Hit unsubscribe to e-commerce sites and apps. 

For those of you looking to save money, decluttering and trimming your long-list e-commerce subscriptions can help a lot. This is because these promotional sales are designed to entice you to shop! 

With plenty of ‘Last call, 70% Off!’ or ‘Buy 1 FREE 1’ deals, how could you ever resist? So hit that unsubscribe button and remove any apps that you no longer use. 

4. Check your credit score 


A credit score is a number between 300-850 that represents your creditworthiness and how likely you are to repay debt. Factors that go into determining your credit score include your bill payments, loan repayments, and more. It’s widely used by financial institutions to determine an applicant’s creditworthiness. If you credit score is at an unhealthy level, it will affect your chances of qualifying for bank loans and credit cards! 

Now you know what you have to do to spring cleaning your finances. You won’t be able to do clean all up in a day, but take the time you need to sort everything out as it can really help you for the rest of the year. 


Use a personal loan to consolidate your outstanding debt at a lower interest rate!

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