• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Check Your Budget: 15 Cities and States Are Hiking Minimum Wage in July

July 2, 2025

10 Budgeting Rules That Are Quietly Hurting Middle-Class Families

July 2, 2025

How One Founder Is Rethinking Supplements With David Beckham

July 1, 2025
Facebook Twitter Instagram
Trending
  • Check Your Budget: 15 Cities and States Are Hiking Minimum Wage in July
  • 10 Budgeting Rules That Are Quietly Hurting Middle-Class Families
  • How One Founder Is Rethinking Supplements With David Beckham
  • Why Your Finance Team Needs an AI Strategy, Now
  • AI Startup TML From Ex-OpenAI Exec Mira Murati Pays $500,000
  • He Went From $471K in Debt to Teaching Others How to Succeed
  • Summer Financial Checklist
  • 3 Gently Used Cars You Can Still Buy for Under $20,000
Wednesday, July 2
Facebook Twitter Instagram
FintechoPro
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
FintechoPro
Home » Spring Cleaning in Your Financial House
Savings

Spring Cleaning in Your Financial House

News RoomBy News RoomAugust 8, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

Spring has sprung, and now is a great time to clean up your finances. Even if you recently reviewed your finances as you prepared for tax season, there still may be some items that could use attention. The following list touches on five commonly neglected areas.

1. Credit cards. Review the terms and conditions of your credit cards. Across the board, interest rates have increased and some credit limits have dropped. In addition, some card companies have begun to charge additional transaction fees and implemented new service charges. Remember, card companies must:

  • Disclose the important terms on the initial application and
  • Provide you with notice of any changes to their terms prior to enactment

It’s your responsibility to review the terms to stay informed. If you’re unhappy with new terms, be sure not to close an account hastily; this can lower your credit score. Instead, use the card for small expenses and pay off the balance right away. Also, in some instances, you may be able to negotiate better terms. Check with your bank to find out.

2. Bank fees and services. Banks have new rules limiting what they can charge for certain services (e.g., overdraft protection and fees). As a result, many have instituted new charges or increased others to make up for potential profit loss. Common new fees may include:

  • Monthly maintenance charges
  • Check and deposit return charges
  • ATM/electronic fund transfer fees

Review all of your accounts, even if they reside with the same bank. Terms vary from institution to institution, as well as from account to account within the same institution.

3. Credit report and score. Businesses inspect credit history when evaluating applications for credit, insurance, employment, and even leases. With so much in the balance, it is important to check your credit report at least annually for accuracy and to watch for fraud.

Important: You are entitled to one free annual report from each of the three major credit reporting agencies—Equifax, Transunion, and Experian. You may consider using a website (e.g., annualcreditreport.com) to gather this information, but be sure to choose a site that doesn’t charge you for the report itself.

4. Investments. Take the pulse of your investment accounts regularly. Review insurance policies, annuity contracts, retirement plans, and educational savings funds. Discuss investment allocation, risk tolerance, and objectives with your financial professional to help ensure that you’re on track to achieve your goals.

5. Emergency fund. If you don’t have one, starting an emergency fund should be on your spring cleaning to-do list. Consider setting aside six months of expenses rather than the three months typically recommended. It may take longer to find employment in the current economic environment, so beefing up your fund now can help cover expenses should you or your spouse suffer a job loss.
These financial spring cleaning to-dos will take some time, but having them checked off your list will free you up to enjoy the season. And you’ll feel more relieved, knowing that you’ve taken some important steps in helping to secure your economic future.



Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Check Your Budget: 15 Cities and States Are Hiking Minimum Wage in July

Make Money July 2, 2025

10 Budgeting Rules That Are Quietly Hurting Middle-Class Families

Budgeting July 2, 2025

How One Founder Is Rethinking Supplements With David Beckham

Make Money July 1, 2025

Why Your Finance Team Needs an AI Strategy, Now

Investing July 1, 2025

AI Startup TML From Ex-OpenAI Exec Mira Murati Pays $500,000

Make Money July 1, 2025

He Went From $471K in Debt to Teaching Others How to Succeed

Make Money July 1, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

10 Budgeting Rules That Are Quietly Hurting Middle-Class Families

July 2, 20250 Views

How One Founder Is Rethinking Supplements With David Beckham

July 1, 20250 Views

Why Your Finance Team Needs an AI Strategy, Now

July 1, 20250 Views

AI Startup TML From Ex-OpenAI Exec Mira Murati Pays $500,000

July 1, 20250 Views
Don't Miss

He Went From $471K in Debt to Teaching Others How to Succeed

By News RoomJuly 1, 2025

Entrepreneur Joe Crisara didn’t set out to be a business coach. Like most tradespeople, he…

Summer Financial Checklist

July 1, 2025

3 Gently Used Cars You Can Still Buy for Under $20,000

July 1, 2025

20 Companies With Permanent Remote Jobs

July 1, 2025
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 FintechoPro. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.