Review Your Expenses and Talk with a CPA

After taking the time to get organized, it’s time to actually sit down for an intensive review of your expenses and finances, and to likely talk with a CPA. I like to think of this as the Spring Cleaning of your bank account. You’d be surprised what kind of cobwebs you can find or items you no longer find yourself using. Critically evaluating what you’re spending your hard earned money on can be an eye-opener. Do you realize that the average person is spending over $1,300 per year on their cell phone? That’s a pretty big expense right there! How much are you spending on insurance as well? It could be time to sit down with a new agent just to get some quotes. We did this several years ago, and even though we had been with one provider for so long we thought we must be getting the best rates, it turned out we were able to save a whole bunch of money by switching! That’s many thousands of dollars over the years we had been missing out on. Freeing up that kind of cash is huge. Sometimes it takes an outside perspective on our finances to really begin to see through some of the bad financial habits we may have established over time. That’s why it’s great to go visit with a CPA. It is always good to get an outside educated opinion, and it could end up saving you a great deal of money over time. With it being tax month and Financial Literacy Month, make April the time you start reviewing your finances and making changes to set you on the path of financial freedom.