Spring Is Sprung

Spring Yardwork

As we skip into springtime, we turn our attention to cleaning up our yards and our houses, getting rid of the dead plants and leaves outside, airing out the house, and tidying up our financial lives. Say what? Tidying up our financial lives? Since when did “spring cleaning” include financial housekeeping? Well, since right now.

You filed your taxes (or are really close to doing so) so it is the perfect time to sort, file, and box up those financial records. Here is my financial spring-cleaning list:

  • Gather all the tax return records and receipts, scan them, load an extra copy to a thumb drive, and put that, along with the paper, into a large envelope or small box along with a copy of the return. Label it and store it with prior years’ records.
  • Sort all your remaining stacks of paper into two stacks:
    • Scan
    • Shred
  • Scan the scan pile and then add it to the shred pile.
  • Shred all the old documents.
  • Reconcile your bank accounts (just in case you have gotten behind during the year).
  • Update your net worth spreadsheet (this is done for you if you are using Quicken, Monarch, or similar apps).
    • If you use software, take a look and make sure you have included everything – add new assets or liabilities; and clear out old ones.
  • Is your net worth moving in the right direction? If you have kept track year after year, are you satisfied with your progress? If not, what is your plan to turn that around this year?
  • Look at your liabilities – do you have a strategy for reducing them? If not, now is a great time to make a plan for reducing your debt.

Getting your financial house in order may not be the first thing you think of in spring but maybe it is time to add that to your “spring cleaning” mindset. We all need some kind of prompt to get our bearings, assess our progress, and renew our commitment to our goals. Tax time may not be a fun time, but it is a great reminder to review the year and chart our course for the coming year. I hope your spring cleaning refreshes you, revives your focus on your financial goals, and brings you satisfaction over a job well done.

To your financial (and spring cleaning) success!

To learn more or get help planning your financial goals, please email me at gildea@homrichberg.com.

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Tana Gildea, CFP®, CPA, CCFS


Tana Gildea is a Principal who began her career as a financial advisor with a phone call out of the blue in 2005. At the time, she didn’t even know what a financial planner was but quickly realized that she had found her “next chapter” in life after staying at home with four young children and serving in various PTA, Girl Scout, and booster club leadership roles.