{"id":1913,"date":"2021-03-01T22:01:55","date_gmt":"2021-03-01T22:01:55","guid":{"rendered":"http:\/\/ec2-3-209-223-66.compute-1.amazonaws.com\/?p=1913"},"modified":"2023-12-20T17:24:31","modified_gmt":"2023-12-20T23:24:31","slug":"8-things-not-to-do-when-spring-cleaning-your-finances","status":"publish","type":"post","link":"https:\/\/www.accrediteddebtrelief.com\/blog\/8-things-not-to-do-when-spring-cleaning-your-finances\/","title":{"rendered":"Spring Cleaning Your Finances – 9 Mistakes to Avoid"},"content":{"rendered":"\n

Updated May 10, 2023<\/em><\/p>\n\n\n\n

As spring approaches, it\u2019s normal to think about refreshing your wardrobe, cleaning out your home, and getting ready for the summer season. Why not set aside some time for spring cleaning your finances?<\/p>\n\n\n\n\n\n\n\n

4 Steps to Spring Cleaning Your Finances:<\/h3>\n\n\n\n
    \n
  1. Reviewing your financial goals<\/li>\n\n\n\n
  2. Looking at past spending<\/li>\n\n\n\n
  3. Reviewing your credit history<\/li>\n\n\n\n
  4. Consolidating and simplifying your spending<\/li>\n<\/ol>\n\n\n\n

    It seems easy enough, but to get the most out of spring cleaning your finances, make sure to avoid these blunders that could hinder your efforts to refresh your finances. <\/p>\n\n\n\n

    9 Mistakes to Avoid When Spring Cleaning Your Finances<\/h2>\n\n\n\n

    1. Re-using Last Year\u2019s Budget<\/h3>\n\n\n\n

    It can be tempting to recycle last year\u2019s budget, but you should go through every line item to see how your spending has changed and review your budget strategy to know if it is a good fit for your financial situation. Your financial needs change from year to year, and so should your budget. <\/p>\n\n\n\n

    For example, you may have been using the 50\/20\/30<\/a> method, but over the past year, your debt has increased, so you need to dedicate more of your budget to tackle it using the snowball method<\/a>.  <\/p>\n\n\n\n

    \n
    Four Common Budget Types<\/a><\/blockquote>