Financial Wellness Minute: Financial Spring Cleaning

Apr, 25, 2024

Get smarter about your money with this Financial Wellness Minute.

I’m Nicole Pfeffer, Community Outreach Manager from Mid Minnesota Federal Credit Union.

With spring in the air, it’s the perfect time to give your finances a thorough review and clean up.

Start by revisiting your financial resolutions for the year. Take a closer look at your budget, expenses, and savings goals to ensure you’re on track.
Clean out your financial “junk drawer” by organizing important documents and shredding any unnecessary paperwork.
Set up a 2024 tax folder to keep track of receipts and documents for future tax filings. Review your payroll withholding to avoid any surprises come tax season. Consult with your tax preparer if you need advice.
Review your retirement plan. If you are able, maximize contributions to your retirement accounts. Don’t forget about beneficiaries; review and make sure they are up to date. If you have an estate plan review it to ensure it reflects your current wishes and circumstances. If you do not have a plan, consider reaching out to an estate attorney.

By taking these steps, you’ll be setting yourself up for a clearer year ahead.

Want to know more or have a weekly financial wellness tip sent to you? Sign up below or, contact your local Mid Minnesota Federal Credit Union Office.

Mid Minnesota Federal Credit Union is federally insured by the NCUA and we are an equal housing lender.

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