Decluttering also means streamlining your budget. Even if you have prepared a 2022 budget, you might want to take another look at it. Review your spending, income, and savings over the past 3 months and ask yourself: Is it working? Have I made any mistakes? What can I learn?
1 in 3 American consumers are more inclined to spend more in spring and summer with the longer days and more sunlight, according to a survey by RetailMeNot. What does your financial situation look like over the next few months? Make changes in your budget if needed, as some expenses vary from month to month: holiday or birthday gifts, vehicle registration fees, vehicle maintenance, etc. You may want to check your budget more frequently for expenses that can vary from month to month (gifts, vehicle maintenance, etc.)
Go through your expenses and see what can be cut. For example, you may have a recurring expense for a subscription service that you’re no longer using.
Just like a cluttered house, having disorganized finances can make you feel unproductive. When you declutter your finances, it helps get you on track for financial success. Since some financial documents still come in the mail, start a filing system with labeled categories like: bills, bank statements, receipts, tax statements, etc. Go through each file often and shred what you don’t need, and scan the documents you want to keep and put them onto an encrypted drive.
If you're new to the budgeting process, here are some great options to help get you started:
If you have any questions about budgeting or your financial situation, we are here to help.
Lost or Stolen ATM/Debit Card: 800-500-1044
Telephone Banking: (931) 289-1990
Main Office: (931) 289-5500
Traditions First Bank - Institution NMLS #791806
Download Adobe Reader
Your privacy is very important to us. We would like to advise you that Internet email is not secure. Please do not submit any information that you consider confidential. We recommend you do not include your social security or account number or other specific identifying information.
You are leaving Traditions First Bank's website and linking to a third party site. Please be advised that you will then link to a website hosted by another party, where you will no longer be subject to, or under the protection of, the privacy and security policies of Traditions First Bank. We recommend that you review and evaluate the privacy and security policies of the site that you are entering. Traditions First Bank assumes no liability for the content, information, security, policies or transactions provided by these other sites.