She reminds us that we are essentially deciding what to keep, not what to throw. She adds that this method should also be applied to loungewear and pyjamas too. If it doesn’t spark joy, bin it: Marie claims that you should ask yourself if each item you intend to hold on to brings you joy.Tackle ‘categories’ not location: According to the KonMari method, the most efficient way to declutter is to bring every single item of the same type into one room in order to truly see how much stuff you have.This is especially important when state or federal tax laws change.Here are the best tips and hacks on keeping your home in top condition: What about your estate plan? Do you have the right documents in place, including a will, trust, durable power of attorney, and medical powers of attorney? When did you last review these documents with your financial advisor or estate planning attorney? Reviewing your estate plan regularly helps to ensure your legacy is passed on to your beneficiaries as you intend. Are you taking on the appropriate amount of risk? Are you taking on too much? Does your time horizontally align with your investment allocations? Are the beneficiaries listed on your accounts current? Just like decluttering your home and knowing where things belong in your house, your investments deserve a plan. Document your goals, refer to them often, and track progress toward them. Each financial decision, from spending to saving and investing must support what’s most important to your family and what brings the most joy to your life. Take the time to identify what is truly important to you and your family. File anything else that’s worth keeping so you can easily locate it later. Put any bills that need to be paid in a location where they’re easily accessible when you’re ready to sit down and pay them. Recycle junk mail but be sure to shred any credit card offers or mail you don’t intend to keep that contains personal information. Not only do you start the next day with a clean slate by spending a few moments now uploading expense receipts, filing any important paperwork and discarding unneeded papers, but you remove the burden of things piling up or becoming lost or forgotten. Making a habit of emptying your bag or briefcase every day can be cathartic. Determine whether or not your money is being spent on the things that matter most to you and your family. Are there opportunities to cut back on spending to save more or pay down debt? View past bank statements and/or credit card statements, and organize your expenses into categories. There are a number of online apps that will track spending by category if your bank or credit union does not offer budgeting software. It makes it easy to collect tax forms in a folder as they come in next tax season, so you’re not scrambling to meet the tax-filing deadline. This is a great first step in keeping tax-related documents organized throughout the year. Mark a folder now for 2019 tax forms and receipts. Maybe you were frustrated in recent weeks searching for tax-related documents. Trying to tackle everything at once can be overwhelming. This enables you to replace something that brings no joy to your life-debt-with a new habit-saving, which supports the things that do bring you joy. Instead, upon elimination of the debt, invest the money and earn interest. It’s even worth the time and effort of calling the credit card company in an attempt to negotiate a lower interest rate. The worst they can tell you is no. Once you’ve eliminated your credit card debt, you’ll no longer be paying the interest charges for the debt. If you have credit card debt and a goal of yours is to eliminate it, develop a plan to pay off debt. Tackle the high interest debt first. Electing paperless delivery of account statements, prospectuses, trade confirmations, and more is not only good for your environment but the environment at large.ĭiscarding doesn’t stop with paper.
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