While you’re spring cleaning your home, why not spring clean your finances? Get your financial broom out and sweep up the money dust with these 3 helpful tips, provided by G. Brian Davis at MoneyCrashers.com:
1. Cancel unused/unnecessary subscriptions. Cut down on monthly subscription expenses by researching alternative options. For instance, if you’re using monthly subscriptions like various apps in the App or Android™ store, these costs can add up quickly. There are many tools that can help you easily cancel unwanted subscriptions or lower bills, such as Truebill or Trim.
2. Automate your savings. Set up automated transfers from your checking to savings account. You’ll adapt to spending less by tricking yourself into saving more! You can set up this feature in your EasternEase Online and Mobile Banking account, and there are other helpful tools such as Acorns that automatically save your spare change by “rounding up” debit card purchases to the next dollar.
3. Adjust tax withholdings. If you owed the IRS any money last year, now is the time to tweak your tax withholdings. Withholding too much or too little can have a significant impact on your tax refund, so be sure to consult with a tax professional before making any changes.
For more financial spring cleaning tips, visit: moneycrashers.com/spring-clean-finances
Davis, G. B. (n.d.). 14 Ways to Spring Clean Your Finances This Year. Moneycrashers.com. Retrieved February 5, 2021, from https://www.moneycrashers.com/spring-clean-finances/