The first day of spring is March 20—the ideal time to spruce up your home with your annual spring cleaning. But when you’re straightening up your physical environment, don’t overlook another vital domain that could use a little tidying up: your money. Getting your accounts in shape now can help you save—and help set you up to succeed all year long. Here are nine actionable tips for “spring cleaning” your finances in 2025.
1. Review Your Credit Report
You could start your financial clean slate by reviewing your credit report. Mistakes such as incorrect balances or identity theft problems can damage your credit scores. It was shocking: 44 percent of those who reviewed their reports found mistakes, a Consumer Reports study found. You can obtain free weekly reports from Equifax, Experian, and TransUnion at AnnualCreditReport.com. If you fix errors early, it can help bump up your score and enhance your financial standing.
2. The answer: Transfer to a high-yield savings account.
Are you losing out on higher savings rates? High-yield savings accounts offer upwards of 4% APY—well more than traditional accounts. Opening one today maximizes your earnings throughout the rest of 2025. Also, think about locking in other CD rates before potential Fed cuts push down returns. Every extra dollar counts!
3. Now comes the time to cancel unnecessary subscriptions.
Subscriptions to streaming services, meal kits, or apps can also add up quietly. Go through your monthly outgoings and drop the ones you don’t use. Apps such as Quicken Simplifi can make it easy to track and eliminate subscriptions, allowing you to redirect that cash toward other goals.
4. Sell Old Items for Extra Cash
Clearing away your attic’s cobwebs this spring may reveal hidden treasure. Vintage toys, video games, or collectibles can sell for hundreds—or thousands—of dollars on eBay. Before you throw out anything old, see what it’s worth with Kiplinger’s guide to cash in on your clutter.
5. Tackle Your Debt
Debt is clutter—particularly when you have multiple loans or high interest rates. Combine debts into a single, manageable loan or apply for a balance transfer card with an introductory 0% APR. Streamlining your debt is what helps you pay it off more quickly and with less stress.
6. Establish or Update an Estate Plan
Caring, for its part, found that just 32% of Americans have a will, according to com’s 2024 study. An estate plan ensures your assets go where you intend, no matter your net worth. If you already have one, review it after starting a family and update beneficiaries on accounts such as 401(k)s or life insurance.
7. Refresh Your Budget
Examine your income and spending closely. Reduce discretionary spending and reallocate that money to savings or debt repayment. Revisit your 2025 financial aspirations and make adaptations; budgeting apps can bring a new lens.
8. Here’s How to Save on Insurance
Spring-clean your insurance policies. Shop around for quotes from several different providers, and also consider bundling your home and auto insurance for discounts (Progressive estimates a 7% savings on auto policies). It takes a little work, but it can save you a lot on your premiums.
9. Optimize Credit Card Rewards
Are your credit cards working for you? Sticking to cards that optimize your spending habits with the best cashback or rewards Seek sign-up bonuses and additional rewards to save even more. For inspiration, check out the best travel and rewards cards from Kiplinger.
Giving your finances a spring cleaning doesn’t just clear the clutter from your accounts—it positions you for a more robust financial future. And it will last you all year round if you start today!
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