Of course, the title of this post is about cleaning up your budget, so it is assuming you have already have one, but if you don't have one and want to use your money intentionally, you definitely need a budget (post on that coming)! It's never too late to make one and never the wrong time of year to clean it up a little bit.
Evaluate your spending and make a list of your expenses.
Ideally you've been tracking all of your spending already, so take a look at your numbers. Make a list of your necessary expenses - the nonnegotiable ones that you can't change such as rent/mortgage and other bills. Assess your spending.
Clean Out Your Un-Needed Expenses and reorganize:
Maybe you can cut back on your gas and electricity consumption, or perhaps you decide that your monthly manicure isn't completely necessary. Maybe your life situation has changed since you last created your budget and you can cut back in different ways. Here are a few other ideas:
Make Your Own Lunch: Leftovers work great for this - make a little extra the night before and put it in a container for the next day right away. Not into leftovers? Make a fresh salad or a sandwich - or something completely complicated, but fresh!
Skip the Daily Coffee Shop Visit: While your daily visits for coffee won't make you broke, you can save hundreds of dollars a year by making your own! Buy a reusable coffee mug that keeps your beverage of choice hot (or cold) for a long period of time. I make myself some herbal tea every morning before heading off to work, and my mug is a permanent fixture on my desk. If it’s not there, I have very concerned students who ask if I had a rough morning…
Quit a Subscription: Whether it’s Netflix, a gym membership, or a magazine, you may want to reevaluate the value of some of your subscriptions.
Start to Meal Plan: Save on your grocery bill by meal planning and shopping what you already have in your fridge and pantry. Save money AND keep food from spoiling!
Now that you have cleaned up your expenses and hopefully have some left over, go ahead and start thinking about what your goals are! Maybe you can set aside that extra cash to save up for something you really want or need, or pay off a large chunk of debt you have.
Did you add your budget to your Spring Cleaning list? It's never too late!