Financial Spring Cleaning … Anyone?


Spring cleaning is a high priority on our to-do list, right?  Well have you thought about financial spring cleaning?  One of Allen Tate’s blog posts from the Company’s blog, At Home in the Carolina’s – A Blog About Real Estatediscusses this topic with great detail.  It was too good to not share!  Here it is below by Regina Walter:

When we hear the words “spring cleaning”, most of us think about the
junk drawer or the hall closet that desperately needs some TLC.
When we
hear the words “spring cleaning” we think of dust, clutter and mess.
What many of us tend to forget when we hear the words “spring cleaning”
is financial spring cleaning which is something that we need to do at least
yearly.

So, what does financial spring cleaning mean exactly?

It means destroying old documents you no longer need, filing bills
and bank statements away and throwing away the junk mail you did not sort out
initially.

It also means organizing your tax information  and charitable giving receipts for your accountant for next year’s Tax Season.

It means pulling your credit report and going through it
carefully.

In addition, it means making sure you renewed your Home
Warranty.
Here are some interesting facts about why a home warranty is
a smart decision:

  • The average life expectancy of nine critical appliances/home systems is 13
    years.
  • The likelihood of failure of one of these systems in a given year is 68%.
  • Total 4-5 year cost for warranties on systems and appliances is
    approximately $4K.
  • Approximately 50% of those employed live paycheck to paycheck.

It also means making sure you have adequate insurance coverage.
Here are some good reasons to contact your Allen Tate Insurance Agent
about a quote:

  • Your marital status has changed.
  • Your teenager began driving.
  • You purchased a new car.
  • You changed jobs.
  • You have had extensive improvements or additions to your home.
  • You have moved.
  • You moved into a new rental home or apartment.

Making sure your finances are in order, going into the summer, will help make
that vacation (or staycation) much more relaxing!

By Regina Walter

Wasn’t that invaluable information?  I thought it was!  Here’s a link to their blog:  http://athome.allentate.com/

Thanks for letting me share my thoughts.  Your comments, likes, shares, and subscriptions are welcome.  Thanks!

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About Kecia Thurman Bland

Kecia Bland is a professional full-time licensed NC Real Estate Broker (since 2008) focused on providing excellent customer service and expertise for those interested in buying and selling real estate in the Greater Raleighs areas- the Triangle area, and surrounding counties- Wake, Durham, Johnston, Chatham, Franklin, and Granville. Kecia provides her clients with a pleasurable and smart real estate experience. View all posts by Kecia Thurman Bland

8 responses to “Financial Spring Cleaning … Anyone?

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