6 ways to spring clean your finances and save money year-round

March 28, 2023

From your home to your wallet – get organized and ready to save for the long run. 

Your spring cleaning to-dos don’t only have to be for your house. Doing a spring refresh to tidy your finances can be just as important. These tasks can help you shave off unnecessary expenses and save you a bit of extra cash each month.

1. Check in on your financial goals

Did you set financial goals at the start of the year? If not, it’s always a good time to start. It’s important to check in on your goals regularly every six months to help you stay on track. Start by reviewing your goals and any timelines you set for achieving them. Consider if they're still relevant or if they still align with your plans. Often, people review and reevaluate their retirement plans, set goals to help pay down debt on credit cards or other loans, or build their savings. Remember, every little bit helps to achieve financial goals and it’s important to celebrate the wins along the way.

2. Switch to online statements and bill pay

If your card statements and paper bills are piling up and causing clutter, switching to online bill pay and paperless statements can help clean things up. The U.S. Bank Mobile App allows you to set up automatic bill pay and review your all your monthly statements online, for a much-needed spring clean.

3. Consolidate debt

If you’re paying off debt across multiple accounts and credit cards, debt consolidation can help lower the monthly interest you pay on each loan. This process can take a while, so set aside some time to review your repayment plans or work with a banker to figure out next steps. Once all of your debts are combined into a few, or just one single place, it may be easier to keep track of repayment progress and monthly charges.

4. Review bills to see where you can save

The charges for all those streaming services can add up. Take a closer look at your monthly spending and check to see if there are any memberships or subscriptions you can live without. Cancelling just one or two of these services can save you hundreds of dollars in the long run.

5. Invest in home improvement projects

Sometimes, spending money up front can save money later. If you’ve just had a winter full of expensive energy bills, investing in things like new windows, roofing or insulation can lower your expenses year-round. Plus, these updates can put equity into your home that will play to your advantage if you decide to sell.

6. Spend gift cards with low balances

It’s rare that spending is a piece of financial advice, but when it comes to those gift cards taking up space in your wallet, it’s a definite to-do. Move the cards with small balances to slots in your wallet where you’ll see them so you can use them and throw them away. If you need to use up pre-paid debit gift cards, use them all on one purchase on something you’re already planning to buy, like groceries. It’ll clear up space in your wallet, and save you some cash on a purchase you’d be making anyway.

Make the most of your cost-cutting measures by investing your savings in a U.S. Bank savings account today.

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Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice. Mortgage, home equity and credit products are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.