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Last updated Jun. 27, 2024 by Peter Jakes

Do Yourself a Favor and Get These Five Financial Chores Done Before Spring

As winter passes and the days grow longer, it’s an excellent time to turn your attention to your financial health. Just as you might prep your garden for the coming blooms, preparing your finances can set the stage for a prosperous future. Spring brings new beginnings and a breath of fresh air, making it an ideal time to review and refresh your financial strategies. Here are five critical financial chores you should tackle before spring arrives.

1. Review and Adjust Your Budget

Creating a budget is step one, ensuring that your budget aligns with your financial goals is step two. Post-holiday spending and seasonal expenses can often throw off our financial planning. It’s crucial to revisit your budget:

  • Examine Past Spending: Look back at the last year to identify any patterns or areas where you frequently overspend.
  • Set Realistic Goals: Maybe you want to save for a summer holiday or pay off a debt. Adjust your budget to reflect these goals.
  • Flexibility is Key: A budget shouldn’t feel restrictive. Include some flexibility to account for unexpected expenses or changes in income.

Updating your budget ensures you start the spring on a financially healthy note, ready to tackle any surprises or opportunities that come your way.

✓ Short Answer

To ensure financial health before spring, review and adjust your budget, file taxes early, evaluate investments, revisit insurance policies, and plan for upcoming expenses. These steps can prepare you for a prosperous future.

2. File Your Taxes Early

Filing your taxes might not be the most enjoyable task, but it’s an important one. Here’s why filing early is beneficial:

  • Quicker Refunds: If you’re owed a refund, filing sooner can mean getting your money back faster.
  • Avoiding Fraud: Filing early can help protect against tax fraud since a fraudulent claim using your information can’t be processed if you’ve already filed.
  • Missing Documents: If you’re missing any required documents, you’ll have more time to retrieve them without the pressure of the deadline.

Getting this chore off your plate early leaves room to focus on other financial strategies and opportunities.

3. Evaluate Your Investments

Spring is the time of renewal, and that includes refreshing your investment portfolio. Whether you’re a seasoned investor or just dabbling, these steps can help you stay on track:

  • Review Performance: Analyze the performance of your current investments and compare them with your financial goals.
  • Research New Opportunities: The market is always changing. Look for new investment opportunities that might align better with your risk tolerance and goals.
  • Rebalance Your Portfolio: Stocks, bonds, and other assets can shift in value, throwing off your desired allocation. Ensure your investments are balanced according to your plan.

4. Revisit Your Insurance Policies

Insurance is your safety net, so make sure it’s properly set up to cover your needs. Whether it’s health, life, or property insurance, now is the time to:

  • Update Your Information: Ensure all your information is current, including beneficiaries and coverage amounts.
  • Shop Around: Insurance premiums can vary greatly between providers. Shopping around may lead to saving money or getting better coverage.
  • Check for Gaps: Make sure there are no gaps in your coverage that might leave you exposed to financial risk.

5. Plan for Upcoming Expenses

Spring and summer often bring additional expenses such as vacations, weddings, or home improvement projects. Planning ahead can save you from financial stress:

  • Create a Savings Plan: Allocate funds monthly for upcoming big-ticket items to avoid last-minute scrambles.
  • Review Credit Options: If you anticipate needing to borrow, look for the best credit options now, rather than in a rush later.
  • Emergency Fund Check: Make sure your emergency fund is robust enough to cover any unexpected costs that come with the territory.


Q: Why is it important to review my budget before spring?

A: Reviewing your budget ensures that your financial strategies align with your goals and prepares you for additional or unexpected expenses that may arise in spring and summer.

Q: What are the benefits of filing taxes early?

A: Filing early can result in quicker refunds and reduces the risk of tax fraud. It also provides ample time to gather missing documents without the pressure of the deadline.

Q: How often should I evaluate my investments?

A: It’s a good practice to review your investments at least once a year. However, significant life changes or market shifts might necessitate more frequent reviews.

Q: How can I make sure my insurance policies are up-to-date?

A: Regularly review your policies to confirm details like beneficiaries and coverage amounts are accurate. Shopping around for better deals is also advisable.

Q: What should I do if I don’t have an emergency fund?

A: Start building one as soon as possible. Aim to save at least three to six months’ worth of expenses to cover unexpected costs comfortably.

By taking care of these financial chores before spring, you’re not only tidying up your finances but also setting a solid foundation for the year ahead. These proactive steps will help you manage your money efficiently and may even unlock new financial opportunities, making 2023 a year of growth and security.

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