Is your financial house in a shambles? You know that you need to do something about it, but what? If you’re feeling overwhelmed, here are three simple ways to de-clutter your financial life.
First: Eliminate your credit cards!
I know this is difficult, but it’s about time! Besides all the other reasons to eliminate credit cards, do it because it will simply your life! I remember the day that I cut up the few credit cards that I had. It was a freeing experience. It was also scary, but so very freeing!
Think about it. You won’t be able to add to your debt, and once you have them paid off, your life will be easier because each credit card represents one less thing to worry about. It’ll save you time and energy.
Second: Go through your financial files and organize them.
I know this is one I need to work on. We all have files that are overflowing with pay stubs and ancient documents that were chiseled in stone. Okay, maybe not so much that last one. But you get the picture!
Make it simple. You don’t have to have a category for everything. Just slim down your files to necessities.
Another idea is to scan your documents and put them on an external hard drive. This will allow you to save a lot of space! It’s a good idea to use a password-secure hard drive or physically store your drive in a safe.
There are some great articles over at Unclutterer.com on the topic of organization. Go check it out!
Third: Create a long-term financial plan.
Nothing is more important than creating a long-term financial vision. In order to do this, I recommend contrasting your current rate of paying off debt, building savings, and investing for the next 10 years. If you continue on the path you’re on, do you like where you’ll be in the next 10 years?
Now create a long-term plan. What are some of your goals? Where would you LIKE to be in 10 years? Create some steps towards achieving these goals! You can do it!
Are you ready to de-clutter your financial life? Take these steps to heart and you’ll be well on your way to creating a peaceful financial atmosphere.