Broker Check

Let's Party!

April 16, 2019
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“Spring is nature’s way of saying: ‘Let’s Party!’” – Robin Williams

Spring is finally here and with it come days of sunshine, blossoming trees, baseball season, open windows, pastels, and pollen. Along with the flowers, I can sense myself blooming with the sunshine and warm weather of the burgeoning Spring – shaking off the dreariness of Winter and looking ahead to that exhilarating task we complete each year – SPRING CLEANING!!!!

Okay, so you don’t share my enthusiasm for spring cleaning? You’re not alone. In a 2017 study, it was estimated that 54% of U.S. adults find it hard to get motivated for spring cleaning and to figure out where to begin.

Ketchum Global Research & Analytics

If you’re having trouble getting motivated, here are a few easy tips:

  • Divide and Conquer: Divide your house into sections or go room by room to break the job up into smaller chunks. Don’t forget the garden, outdoor furniture and garage!
  • Purge: Declutter and free up much needed space by sorting what you want to keep and what can be donated, sold, or thrown away.
  • Be Realistic and HAVE FUN: Turn up the music and dance as you clean. Ask for help and treat yourself when you’re done!

Spring is also another great time to do some financial spring cleaning. For most people, taxes have been completed and financial documents have been compiled. As you file these away for the year, consider also doing some of the following:

  1. Get rid of supporting tax documentation that is more than 7 years old, bank or credit card statements that are more than 1 year old, and utility bills that are more than 1 month old.
  2. Archive and back up all of your electronic records.
  3. Review your current subscriptions by checking bank statements and ensure you’re not paying for anything you’re not using!
  4. Update your budget or do a check in – are you on track? Are there adjustments that need to be made?
  5. Check your credit report. Be sure to confirm for accuracy and identify any errors.
  6. Review your beneficiaries and estate planning documents.
  7. Confirm that you have updated your IRA or 401k contributions to the new maximum limits.
  8. Properly dispose of all financial documents you no longer need to keep on hand.

Financial Spring Cleaning doesn’t have to be difficult and can provide a wonderful sense of accomplishment or peace of mind. Here at Stonegate, we would like to assist in your Financial Spring Cleaning! On Saturday, May 18th from 9:00-11:00, we will be holding our Second Annual Shredding Event in our parking lot at 204 Towne Village Dr. in Cary. Additional specific details will be provided in the weeks to come, but know that this will be a great opportunity to dispose of your financial clutter and enjoy some yummy treats as well – and please be sure to share this event with your friends! Happy cleaning!

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