If you were planning an annual spring cleaning, or have found more time on your hands in quarantine, here are some great ways to spruce up your financial life, save some money and declutter your home (and mind!).\r\n\r\nIt\u2019s amazing how much the physical act of decluttering can also help with clearing your mind.. If you\u2019re anything like me, your mind is running about a thousand miles an hour due to the current state of the world.\r\n\r\nTry taking a break from staying up-to-date with the news and get up-to-date with your finances instead. You\u2019ll not only feel more controlled in a very uncertain season, but you can rest easier at night knowing that you\u2019re one step closer to organizing your finances.\r\n1. Make\/Update a Will\r\nHaving a will and keeping it updated is important, and now is as good of a time as ever to put one together. By having a will, you are taking power away from the state\u2019s law so they no longer have a say in who gets what after you are no longer around.\r\n\r\nEssentially, it\u2019s all about securing the best future you can for the people you love the most.\r\n\r\nWills become the most necessary after reaching certain milestones like getting married, having kids or acquiring money or property assets. One of the most essential things a will gives you is the ability to decide who becomes the owner of any property you may possess or who will become the guardian of your children.\r\n\r\nUse this time of \u201cspring cleaning\u201d to either update your will or get started on one.\r\n\r\nYou can also view Personal Capital\u2019s Legacy and Estate Planning guide for insight and tips to consider.\r\n2. Check Your Insurance\r\nDo you regularly review your insurance? If not, now may be a great time to start.\r\n\r\nBegin by taking time to look over all your insurance policies. Here\u2019s a list of some you might be the most familiar with:\r\n\r\n \tLife insurance\r\n\r\nHave you recently had any major life events, like a marriage, divorce, or birth? If so, you may need to make some changes to this policy to make sure you are adequately covered.\r\n\r\n \tCar insurance\r\n\r\nAgain, scan your current season of life and make sure that you are adequately being covered for your situation. Review the policies and make sure you have all the current copies you need stowed in your car before you hit the road.\r\n\r\n \tHome insurance\r\n\r\nA great way to make sure you are up-to-date with your home\/rental insurance is to document your most expensive or prized possessions to make sure you are accurately covered. Also, confirm that you are covered for any natural disasters that may be more common for your location.\r\n\r\nHere are a few additional types of insurances that you may have and again, take time to look them over to make sure everything is up-to-date and you are sufficiently covered.\r\n\r\n \tDental insurance\r\n \tPet insurance\r\n \tDisability insurance\r\n\r\nIt\u2019s not the most exhilarating spring-cleaning project, but grab your favorite coffee drink, jam out to your favorite playlist, and you\u2019ll be movin\u2019 and groovin\u2019 in no time.\r\n3. Negotiate your bills\r\nYou might be reading this one and thinking, \u201cTori, I don\u2019t know the first thing about negotiating,\u201d and that\u2019s okay. Negotiating is like a muscle you learn to build over time, and there is no better way to practice than with asking to lower your recurring bills.\r\n\r\nI do this about two times a year by chatting with a customer service representative (which I secretly LOVE doing\u2014 just call it my mini obsession).\r\n\r\nWhat are some recurring bills you didn\u2019t know you could negotiate?\r\n\r\n \tCellphone\r\n \tCable\r\n \tInternet\r\n \tCredit card interest rate\r\n \tInsurance (especially car, rental, and home insurance!)\r\n \tGetting charged for a subscription you forgot to cancel\r\n \tA payment plan or payment delay for your bills (make sure to mention Coronavirus as an impact on your income)\r\n\r\nNow you may be thinking, \u201cWell that\u2019s great and all Tori, but what the heck do I say?\u201d I got your back. Just hop on over to this post where I explain, in detail, the exact script I use to lower my monthly bills.\r\n\r\n4. FINALLY open that savings account\r\nWhy is opening a savings account or cash account like Personal Capital Cash so important? A few reasons:\r\n\r\n \tOpening a savings account is the gateway to building your emergency fund, which, *wink wink* should be #1 on your financial priority list. It should consist of 3-6 month\u2019s living expenses. Start with an amount you feel comfortable depositing and then grow it from there. And remember\u2014 this money is ONLY for emergencies (and not the pair of shoes that just went on sale).\r\n \tYou\u2019re making your money work for you instead of the other way around. This type of account literally pays you to use it\u2014 so every month, you\u2019ll receive free money. Pretty cool, right?\r\n \tMake sure you open an account that has very few or no fees and withdrawal limits that can impede your ability to tap into your cash savings.\r\n\r\n5. Shred old documents\r\nIf I know anything, it\u2019s that you probably have a file cabinet or some sort of document storage that sits looming in the back of your mind, needing desperately to be addressed.\r\n\r\nTry to factor some good \u2018ol document shredding into your financial spring cleaning routine. Not only is shredding paper super satisfying (tell me I\u2019m not the only one who thinks so), but it will lift a weight off your chest knowing that you\u2019re keeping documents such as records, applications, bills, and other resources organized and at a minimum.\r\n\r\nTrust me, these documents will pile up fast, so it\u2019s great to give them a look-through at least twice a year if not every month.\r\n\r\nDon\u2019t worry, this doesn\u2019t have to be tackled in one day. Pick one thing from the list and focus on it for a week before moving on. Then, in a month, you can look back at all the progress you\u2019ve made. I have a feeling you\u2019ll be astounded.\r\n\r\nStay well, friends, and happy cleaning!\r\n\r\nSuggested Next Steps for You\r\n\r\nSign up for Personal Capital's FREE financial tools to get a look at all of your finances in one place. This is a great first step in starting your financial spring cleaning off right.\r\nMake sure your savings and emergency funds are in a safe, liquid account like Personal Capital Cash.\r\n\r\n\r\nSign Up for Personal Capital's Financial Tools\r\n\r\n*Personal Capital compensates Tori Dunlap (\u201cAuthor\u201d) for providing the content contained in this blog post. Additionally, in a separate referral arrangement between Author and Personal Capital Corporation (\u201cPCC\u201d), Author is paid $70 and $150 for each person who uses Author\u2019s webpage (www.HerFirst100k.com) to register with Personal Capital and links at least $100,000 in investable assets to Personal Capital\u2019s Free Financial Dashboard. As a result of these arrangements, Author may financially benefit from referring potential clients to Personal Capital and\/or be incentivized to present blog content that is favorable to PCC. No fees or other amounts will be charged to investors by Author or Personal Capital as a result of the Referral Arrangement. Investors that are referred to PCC and subsequently subscribe for investment advisory services provided by PCC\u2019s affiliated adviser, Personal Capital Advisors Corporation (\u201cPCAC\u201d) will not pay increased management fees or other similar compensation to Author, PCC or PCAC as a result of this arrangement. Additional information about PCAC is contained in Form ADV Part 2A available here.