Spring Clean Your Finances

Spring is fast approaching, and that means one thing: it’s time to spruce up the house, and maybe, even your finances. Make sure you’re moving forward by revisiting your goals, reviewing your budget, and automating your investments.

Your spring cleaning guide:

1. Start with your goals

Think about what you want from your money. There are probably multiple things you’re working towards. Buy a house… Retire at a reasonable age... Go on a vacation once a year... The list can be endless.

Timing matters just as much as the goal! You may not be able to buy a house and retire at the same time. But you can potentially buy a house in 10 years and retire in 30 if you have a good plan in place.

2. Review your budget

Ask yourself: Am I making good progress toward my goals?

If not, the first place to look is your budget.

Declutter your expenses: Make a list of all your expenses over the past month or two, and give each expense a general category, such as: rent/mortgage, saving & investing, groceries, bills, and extras. Make sure your spending aligns with your financial goals and consider if you need to cut back in any category.

Straighten up your savings: Look at the timeline you’ve set on each goal. Make sure your savings and investments are structured to include when you want to achieve your goals and how you can earn the most in the meantime.

Spruce up your investments: Look for opportunities to invest and earn more on your money. The market has historically offered the best chance for growth when you give it a lot of time. Our financial advisors can help determine the best investment strategy for each goal you have set.

3. Automate your investments

You can put your plan into motion with automatic investments. Our financial advisors are here to help create or review your investment portfolio based on your goals.

Not only does it take the guesswork out of how much to invest or the emotion of finding the right time to invest — it also helps you make sure investing for your future isn’t an afterthought in your budget.

Every deposit you make in your investment account will automatically go into a diversified portfolio tailored to your goals. Your financial advisor will keep that portfolio on track and make adjustments as needed.

Schedule a conversation with our financial advisors. There is no commitment required to have a conversation, and no account minimum to get started.

Schedule a conversation with our financial advisors

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