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Spring clean your finances

Document Cited in Related
Vincent
Published date23 April 2024
Publication titleHuddersfield Daily Examiner
Decluttering might just mean you find a subscription agreement that you forgot to cancel, or perhaps a bank statement that needs some attention

Maybe you'll also unearth a few items that you no longer use and could make some cash from.

According to new research from Vanquis Bank, 18- to 34-year-olds are around twice as likely as over- 55s to be planning to get their finances in order this spring, with 43% of the younger age group expecting to do this compared with 21% of the older age group.

Two-thirds (67%) of younger adults also plan to have a physical declutter, compared with 58% of over-55s, according to the One- Poll survey carried out in February. Vanquis Bank teamed up with professional home organiser Lucy Mansey aka @organisedbylucy to inspire people to organise their finances at the same time as their homes. Lucy says: "Cleaning your home and sorting your finances can go hand in hand and it's great to see younger people leading the way, based on this research."

While many of us like to put off rummaging through drawers and cupboards, Lucy says that many decluttering jobs only take minutes "and you get a sense of satisfaction once they are complete".

Here, Lucy explains how springcleaning and money management can be the perfect pairing: Tidy your drawer to feel in control "Many of us have a drawer where we put letters from banks and other financial documents," says Lucy. "This can make us feel overwhelmed and taking some time to sort through these and keeping what we still need, while shredding paperwork no longer useful to us, can help us feel more in control." Look through old contracts

Spring time to and consider...

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