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Spring Clean Your Finances

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spring clean your finances

Spring time is the ideal tine to declutter and clear away all the dust and dampness of winter from your home. But did you know it might just help you to become debt free and on your way to building growth strategies and savings? Here’s how: 

Money affords you freedom: the freedom to do things you want, live on the terms you desire, design your lifestyle to your liking and more. If you have a mountain of debt sitting there on your credit card in your back pocket, your home loan or your personal loans then you are not experiencing this freedom. So how to free yourself?


  • De-clutter your house, garage and car. Embark on a mission to find things you no longer need. Set yourself a goal to sell anything that falls into this category and if you can’t make money off it, then donate it or throw it away.
  • You may just find many of the items strewn across your home have contributed to your debt in the first place. Furniture bought on impulse, electrical gadgets your friends had so you bought one too, that second TV you never use and expensive clothes and shoes you purchased to make you feel better about yourself.
  • Gather up anything you no longer use, like or need and which you think might sell for a few dollars or more. Take photos and list them for sale on eBay, Gumtree and Facebook. You’ll be surprised what sells and you will end up with a pile of cash that would have otherwise been left untapped trapped in the form of clutter.
  • Use this money to make a lump sum repayment on paying off debt, ideally the one with the highest interest rate or loans with the lowest balance.
  • Now look for ways to change your attitude towards spending and saving. Seek ways to actively and consciously save money. Shave your daily spending habits and keep the savings to funnel into paying off more of your debt.
  • Turn saving into a motivational game which will make you feel good as you witness your debt slowly dissolve and your financial freedom become gradually within reach. Collect change from your pockets and wallet at the end of the day and fill a piggy bank. Each month deposit this into your account and use to further reduce your debt.
  • Find a second part time job moving lawns, selling icecreams, or serving coffee. Keep these extra earnings exclusively for reducing debt or building your savings. Set yourself a savings goal with a specific time frame (say $5000 in 1 year or whatever figure seems realistic for you). You might only need to commit to a few extra hours a week for 6 or 12 months and could just make all the difference to getting ahead financially once and for all.
  • Once your debt is gone seek ways to invest your savings to fuel further growth. Speak to a financial adviser or planner to find out the best solution for your individual situation.

By taking action and committing to your goal of paying off your debts and building your savings you might just make the realisation that you have previously lived beyond your means. You will be more empowered to make long term lifestyle changes which support you and your newly found financial freedom and that feeling is...well, priceless!

Alison Gallagher is a freelance writer, resourcefulness expert and entrepreneur. She has been featured in various publications including Stellar Magazine, Australian Health and Fitness Magazine, and Cleo Magazine. Alison is particularly passionate about sharing practical tips on how to live simply, sustainably and seasonally.