Spring is the time of year when we tidy our homes. This season, you can also take simple steps to manage your finances, streamline your spending and polish your budget for a year of success. 

Clean up your budget

If it's been over a year since you made a budget, your financial plan could be outdated. Make sure your budget is up to date for the new year.

• List your income, expenses, debt and savings. 
• Find areas where you can cut back on unnecessary spending.
• Start a plan to turn your savings goals into reality.

Declutter your subscriptions

From streaming services to gym memberships, subscriptions can pile up fast, making it harder to save money.

• Check your bank statements and make a list of all your subscription services.
• Cancel the services you no longer want or need.
• Consider downgrading plans or combining similar services.

Reorganize your debt

There are many ways you can tackle debt. Start by listing all your debt, including the amount, interest rates and other important details.

• Use the snowball method to pay off debt: start from the smallest balance to the largest.
• Use the avalanche method to pay off debt: start from the highest interest rate to the lowest.
• Look into lower-interest or no-interest balance transfers or debt consolidation.

Refresh your remittances 

Sending money transfers is an important part of many people's lives. Make sure you are getting the best experience for your goals.

• Check exchange rates daily to take advantage of the best rates.
• Use price estimator tools to know how much money you can get home.
• Sign up or look out for promotional offers and extra savings in your inbox.

Shine your savings

Start a new financial plan today to get the most out of your savings this spring.

• Discover short-term and long-term investments to grow your money.
• Research high-yield savings accounts for better interest.
• Set up recurring, automatic transfers to build lasting wealth.

Cleaning up your finances can make a big impact. With a little time, a great plan and the right tools, you can take control of your money this spring. To help you get your money where you need it, start a fast, easy and reliable money transfer with MoneyGram today.

MoneyGram Finances Budget