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      Spring Cleaning? Donâ??t Forget your Finances

      Spring is officially upon us, and as we thaw out from winter, it is important not only to keep our households in order but also our household finances. David Bethel, from Financial Planners of Missouri, stopped by the set to share some tips recommended by Missouri State Treasurer, Clint Zweifel. WATCH VIDEO ABOVE TO LEARN MORE.

      1. Review and eliminate unnecessary expenses. Make sure to keep track of your subscriptions and automatic payments. If you havenâ??t watched your movie channels in months, consider canceling your subscription to save extra money. Cancel your magazines subscriptions and gym memberships to save some money as well.
      2. Set up an automatic payment to your savings account. Set up an automatic payment into your own savings account and make it easier to pay yourself first. Over time it will become just another part of your monthly budget.

      3. Make sure you have appropriate insurance policies for your needs. Insurance provides a vital safety net in the case of an emergency. Take time to review all of your plans and make sure you have the coverage that best suits your needs.

      4. Consolidate your accounts as much as possible. It is much easier to get an accurate overview of your financial situation when you keep your assets as consolidated as possible making it easier to create a long-term budget for your household. Look for a bank that offers the best interest rate and as few fees as possible.

      5. Utilize automatic payments. More and more frequently, utilities, banks and credit companies allow for automatic payment withdrawals. This is a good way to ensure that you are always up to date on your payments and avoid late fees.

      6. Seek help from a financial professional as needed. There are complicated questions when it comes to finances and taxes. While you may not need to talk to a financial professional every year, if you have questions, seek out help. There are free services available to help you with your taxes and other financial issues.

      Financial Planners of Missouri 110 S. Franklin Street.

      Kirksville, MO. 63501