Time for spring cleaning your finances
Time for spring cleaning your finances
Time For Spring Cleaning Your Finances
Published: Tuesday, 22 Mar 2011 | 6:01 PM ET Text Size By: Cindy PermanCNBC.com Staff Writer Spring is a time for renewal, a time for out with the old, in with the new. So, while you're cleaning out the closet and the garage, it's a good time to give your finances a good spring cleaning, too.Think about it: The government is already forcing you to do an audit of what you made and what you spent last year with your taxes; what better way to kick procrastination than to take that momentum and check off everything on your financial to-do listfrom rebalancing your 401(k) to reviewing your life-insurance policy, checking your credit score and planning out your spending for the year?"You get involved in your day-to-day life. You're busy trying to get ahead, taking care of the kids, earning a living and enjoying yourself a little bit. Organizing your finances isn't something people typically enjoy doing," said Marie Hoffman, who runsa web site designed to help Boomers with money management. "But if your goals are to keep your financial house in order and make headway on accumulating assets, then this is just a chore that needs to be done like cleaning the bathroom so do it!"Chantay Bridges, a real-estate agent in Los Angeles, and her spouse have always been diligent about their finances but a recent death in the family, and subsequent conversations about was there a will, what would happen to the kids, etc., made them expand their spring checklist this year. They suggest:Check your credit scores. Get your legal business in order (A will, living trust, etc.) Make emergency plans. (Buying gold and silver, stocking up on emergency supplies and establishing emergency contacts) Check all of your policies to make sure they're up-to-date (insurance policies, bank accounts, investments, wills, etc.) Make sure your beneficiaries are correct. Do a debt check Is everything paid off or is there anything outstanding? Check interest rates on your credit cards and any outstanding loans. Check their 401(k)s and get financial advice on your distributions. Take stock of stocks check in to see what's performing, what you should sell and if there's anything you canwrite-off due to low or limited dividends These tips will help you to jump start spring cleaning your financial portfolio.Visit us at: http://losangelesrealestatenow.comhttp://www.articlesbase.com/personal-finance-articles/time-for-spring-cleaning-your-finances-4477193.html French classic tables, and also think me and Italian classic tables India Wildlife Tours- Best Wildlife Parks to Visit in India Golden Triangle Tours Leaves Everyone Captivated With Its Charm Choosing a Retire Community: Long Island Area Helpful information for Adult Expert Advice On The Details Of Planning A Trip to India French Culinary Institute – Offering Courses For Culinary Arts Career And Passion Heritage and History Rolled Together: Indian Architecture And Museum Tour The Need For Travel Bags TaylorMade Tour Burner Driver Left Handed Review How to Find and Date Orthodox Jewish Singles Washington DC Paradise - Magical Marvelous Mauritius Kerala an Ultimate Destination for Holiday in Bliss of Heaven 70% American have not made their will !