Redstone Federal Credit Union

5 Tips for Organized Finances Now is the perfect time to get organized, and one of the best places to start is with your finances. No matter your financial situation, taking control of your money can help you live a happier and more stress-free life. So, if you're looking to start off the new year on the right foot, here are five tips for organizing your finances. 1. Review last year's finances. Look at bank statements to find out how much money you have spent on various expenses. If you tracked your expenses last year, this step is even easier. From eating out to clothing, take an honest look at where your money went and what changes you plan to make for the new year. Also, review all bills, insurance policies, and subscriptions to make sure you are getting the best deal, and evaluate if they are truly of value to you. 2. Organize your budget for the year. ink about major expenses you may have this year, such as graduation or a major home and/ or vehicle repair. Use your financial institution's app or find a budgeting app to keep you on track and organized with your spending. Also, remember to include those annual, semi-annual, and seasonal expenses, such as lawn care, vacation, or back-to-school expenses. 3. Create savings goals. If you look at your expenses for the previous year, you'll likely find that you had some surprise expenses; they happen. Use this as a guide to create your emergency savings if you do not have any already. is is also the time to declutter your home, but don't store things; sell them! Selling unwanted items can provide you with the money to jump-start your savings. Also, try doing a savings challenge with family and friends to create more fun. 4. Review your credit report. You can obtain a free copy from AnnualCreditReport.com. Dispute any discrepancies and ensure that accounts are reported correctly. Also, look at ways you can improve your report or maintain your good rating. 5. Review important documents and shred what you don't need. Keep digital items organized in folders. Keep track of receipts and other important documents on apps or create an email folder just for digital receipts. is will help you track your expenses and plan for next year. Here's the bottom line: Organizing your finances may seem overwhelming, but by taking small steps, you can get your money in order and put finances last on your worry list. So, take time this year to get organized and plan for your financial future. 8 | r e d f c u.o r g

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