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5 Ways to Spring Clean Your Finances

Spring is officially here, which makes this the perfect time to spring clean your finances. Not sure where to start? We’ve got you covered! Below is a list of 5 things you may want to consider.

 

#1: Update your household budget.  

Let’s face it; budgeting allows you to control your finances, instead of your finances controlling you. Whether you’re updating your budget or creating one for the first time, we’ve created a free resource that may help. You can download the excel spreadsheet linked below, and edit it to fit your needs, or you can simply print it out and put pen to paper. 

https://www.alliancebank.com/custom/alliancebank2/documents/Alliiance-Bank-New-Budget-with-formulas.xlsx

 

#2: Run your credit report.    

The information found on your credit report is used to create your credit score. This can impact a variety of things: mortgage rates, credit card approvals, rental requests, or even employment opportunities. Reviewing your credit report will allow you to see your credit history and may help you catch identity theft or any incorrect information that’s been reported.  Federal law allows you to obtain a free credit report every 12 months. Visit annualcreditreport.com to learn more.

 

#3: Declutter your paperwork.

This is the perfect time to shred any paperwork you no longer need and to go paperless where possible. If you’re still receiving paper bank statements, consider signing up for eStatements. Not only will this simplify recordkeeping, but it will eliminate storage hassles. To get started, log into the Alliance Bank app and select “Statements & Notices” from the “Menu” bar. From here, you’ll be able to customize exactly how you want to receive your electronic bank statements.

 

#4: Automate your savings.

If you want to save more money, make it automatic by setting up a recurring transfer with our Alliance Bank app. Here’s how:

- Log into the Alliance Bank app and click the “TRANSFERS” icon near the top.
- Enter the required account and amount information and check the box next to “Make this a recurring transaction”.
- Select the frequency of how often you’d like the transfer to repeat itself.
- Select a start and end date. (You can even set transfers up to repeat forever.)
- Once you have everything the way you want it, click “Transfer Funds”.

*All recurring transactions can be viewed in the Activity Center. Head there if you ever need to change things. 

 

#5: Organize your bills with our online banking bill pay feature, so you never miss a payment.

Paying your bills on time is one way to improve your credit score. The Bill Pay feature in our online banking and mobile app will help you make sure you never miss a payment. Not only will this help you eliminate paper clutter, but it’s more secure than paper billing. Learn more at alliancebank.com/services-tools/account-eservices/digital-banking.html.

 

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