5 Ways To Get Started With Financial Spring Cleaning (and Create More Wealth)

It’s a wonderful time of year for some Financial Spring Cleaning! It’s an amazing way to create more wealth, and you can do it pretty much any time.

But what does “Financial Spring Cleaning” mean? It’s pretty simple. Financial Spring Cleaning just like any kind of cleaning, in that it means letting go of what no longer serves you, and creating space for what does. It’s a pathway not only to getting more organized, but also a way to create space for more wealth in your life.

That is, to receive what you desire, you need to make space for it. So, if you desire to create more wealth, a little Financial “Spring Cleaning” might be your next best step.

If you saw “Financial Spring Cleaning” and a few ideas came to mind right away, that’s great! Grab a pen and paper and write down your personal Spring Cleaning steps, and commit to accomplishing them over the next couple of weeks.

BUT, if you get the idea, but don’t know where to start, I’ve got some cool ideas for you, so you can get the spring cleaning started and start to create more wealth.

Here are some steps for your own Financial Spring Cleaning:

Treasure Hunting. Seek out the financial “treasure” you already have! This is a fun way to tie up any financial loose ends. It could be calling in any money owed to you (from friends, companies, reimbursements, etc.). It could also be collecting money that you already have. This could be things like depositing those loose coins, searching in the couch/old coats for change, cashing in reward points, or using gift cards. Basically seeking “treasure” you already have.

Actual Spring Cleaning. That is, when you do your spring cleaning, make a plan to sell or donate things you don’t use. I’ve been in my current house for only 3 years, but it’s crazy how quickly one can accumulate items. Now, I’ve finally taken the time to do this myself, and it’s been so refreshing! It feels good to declutter and give items to others who can use them. Now, here’s the financial side of this this: for the items you sell, give that money a GOAL. Money loves a purpose, so name that purpose by giving that money a specific job.

Make your money Make Money. If you’ve just started your savings, or you have one and you want it to work for you, Betterment is offering 5% APR on savings accounts (Cash reserve account). There’s no minimum and no monthly fee. I’ve been using this company for over 10 years (back when they were Wealth Simple), and I enjoy and use many of their offerings. If you want to add a little bonus step, you can set up Auto-Savings transfers (even as little as $20/mo). This will help you see the value of consistent compounding.

Eating the (Financial) Frog. Back when I was a new Entrepreneur in 2013, I learned the term “eat the frog.” The “frog” method is basically to do the hardest thing on your to-do list first, so the rest of your day is energetically free. It’s a tool to avoid procrastination. So I recommend “eating the financial frog.” That is, list the undone financial tasks that take up most of your energy, the things you worry about the most, and the things you avoid. It could be paying a bill, calling back a collections call, or looking at your credit card balance.

Be honest with yourself and face those “frogs” (no offense to any frogs out there!). This exercise can free up your energy from shrinking and hiding, and move it into a space of leadership and expansion. It’s a powerful way to invite in more wealth. (Learn more HERE about how avoidance is the number one thing that keeps you broke, and what to do about it.)

So where will you start with your financial “spring cleaning?”

Until next time…

Love, Light & MONEY, Honey…

Kaylee