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Spring Cleaning Week
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This week we’ll be celebrating Spring Cleaning Week, a week of posts that focuses on refreshing and rebooting your financial life so that you can take on 2011 with the gusto it deserves. We’ll discuss a variety of issues that will hopefully help you shed some of the financial weight you’ve accumulated over the past year, get your finances in tip top shape for the coming year, and focus on the path forward so you can make the most of the new year.
There are a variety of things in our financial lives that require annual tweaking, just as your car needs a regular tuneup. Since spring is the traditional season for “Spring cleaning,” I thought we could get a jump on that by doing these financial Spring cleaning tasks in the winter while it’s still cold out. Once Spring rolls around, the chances you’ll want to spend your free time sitting in front of the computer rebalancing a portfolio diminishes greatly. 
So, roll up your sleeves and get yourself ready for the week ahead!
Here’s what we have in store for you this week:
On Monday:
- Rebalance Your Portfolio – How to rebalance your investment portfolios
- Consolidate Your Financial Accounts – How to simplify your financial life by reducing the number of accounts
On Tuesday:
- Review Your Insurance Policies – Things change each year, make sure your insurance policies keep up.
- Update Your Home Inventory – Instructions and a reminder to update your home inventory with all your new holiday loot.
On Wednesday:
- Financial Documents: Keep, Scan or Shred? – Here’s a checklist for financial documents and what to do with them.
- Reviewing Your Last Will & Testament – Why and how to review your Last Will & Testament by guest blogger Evan from My Journey to Millions.
On Thursday:
- Set SMART Goals for a Kick Ass 2011 – After three days of reviewing the past, we take a look towards the future.
On Friday:
Sharpen your pencils, roll up your sleeves, and get ready to clean up!
(Photo: bookgrl)
{ 10 comments, please add your thoughts now! }Related Posts
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I know I really really need to do this but I am not looking forward to it…
Exciting! I definitely need to close and consolidate some financial accounts that I’m not using.
This sounds like it will be interesting. I supposed a necessary evil. I can’t wait to see the posts each day.
Can’t wait for the Will part.
Candy,
You should really consider doing a Trust rather than a will. A trust will include a will, but trusts don’t go thru probate which can be a nightmare for your heirs. Yes a trust costs more, but it is a much stronger document. You will also be able to put health care directives in a trust. Unfortunately, it’s easy to die (I know morbid), but the worst scenario is if you are left in a vegetative state, then what? Trusts will set up health care directives that will help your heirs. That is why you form a trust. Remember, you always have a will. When one dies the state takes over and the vultures descend and they determine who gets what by law.
My wife and I have definitely taken action on this for 2011! We have dropped a few unnecessary expenses and are now living on less than half our income. This month, we were able to put $3,000 toward our debt! Only a couple more payments, and we’re debt free!!!
We aren’t as far along as only having a couple more payments until debt free, but we are definitely moving in the right direction. It’s nice to see car payments and loans disappearing each month as we pay it off.
I think I will be doing a lot of learning this week! Thanks for keeping the old mind humming right along.
i am loving this series! a great way to start the new year and get a fresh and clean slate.
Great idea. I went to work on my finances and found I was paying 9.00/month for something I can do myself.
Now I am going to look at my insurance policies. Here in Texas, there are great monetary differences in the cost of home and auto insurance. Last year I swapped auto policies and saved 100.00 for the year….