Monday, March 13, 2017

Money Making March: 5 Ways To Unclutter Your Expenses

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The temperatures are finally beginning to rise, and spring is right around the corner. As the weather begins to turn in a more pleasant direction, it’s a great time to make decisions to cut out unnecessary expenses. Saving for spring and summer activities may take some reorganization and adjustments to your everyday habits, but it will be worth it when you’re enjoying a day on the lake on your new boat! We’ve gathered our list of top tips and advice on how to declutter your expenses and find extra funds in your budget.

Check your Credit Score

Surprisingly enough, 2/3 of Americans have no clue what their credit score is. Are you part of that statistic? There are plenty of great resources that allow you to keep track of your credit score. If you are aware of the changes that can affect your score, you can be more proactive to avoid damaging it.

Some credit scores have errors that go unchecked unless reviewed by the person they are reporting on. I can be difficult for anyone who does not personally know the individual to even acknowledge the errors. According to one study by Nextavdisor.com, around 19% of credit scores have errors, while just 1% see a meaningful change. This is why it is important to review your credit score annually.



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Cut the Cable

Tis’ the season for walks in the park and bike rides. As the weather warms up, we spend less and less time indoors watching television. Make a decision to cut the cable and start saving. Try Amazon Prime or Netflix for a more personalized and time-friendly alternative. Plus, it’s more than half the cost of regular cable!

Check your Thermostat

Set your thermostat appropriately. If you’re not sure how to effectively work it, check out this general guide for operating thermostats. As the article says, “You can save as much as 10% a year on heating and cooling by simply turning your thermostat back 7°-10°F for 8 hours a day from its normal setting.”

closet-1209917_1920.jpgClean out your Wardrobe

Go through those old stretched out sweaters and clothes that no longer fit. Take everything in good condition to a clothing consignment store and sell your slightly used clothes for cash! It’s a fast way to earn money from something that would otherwise go unused.


Create a Budget

We all know that budgeting is a tedious task, which is why many of us avoid doing it. But if you know it may save you money in the long run, would you be more willing to give it a shot? Check out these budget and debt facts sheets to learn more.


Spring-cleaning can be applied to all aspects of your life. It’s important to declutter your finances too! Find out where you’re spending and how you can save money to enjoy the beautiful season that’s approaching.

Make March a moneymaking month and set yourself up for Spring! Contact Mid-Minnesota Federal Credit Union to get started!



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