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Early greening inspires spring cleaning fever for many

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With what appears to be an early spring, many people may have already started spring cleaning.  As you prepare your house by dusting and cleaning, remember that spring cleaning should not be limited to only the physical space of your house.  

Take time to “Clean” up financial records.  Sort through financial paperwork, identify old statements which can be shredded or thrown away.  It is always a good idea to shred any paperwork that contains personal information, especially bank account, credit card, or other financial information.  Are old utility and credit card bills cluttering your house?  In general, you can shred utility statements, ATM receipts, and cancelled checks after one year.  Before shredding, be certain you have verified payment or posting to the account and there are no billing issues.

Typically, you can shred pay stubs and bank statements after one year.  However, if you apply for a loan in the near future remember that lenders now ask for more financial documentation to verify income.  You may want to maintain two years’ worth of documentation.  

Tax returns and all supporting documentation should be maintained for a minimum of three years, but no more than six years.

Once, you have cleaned up all the paperwork, take time to get organized.  Create a filing system.  This is also a good time to review other important documents.  Have you experienced any life changes in the last year? If so, you may need to update life insurance policies, will, or estate plan.

Finally, as you spring clean, consider updating your insurance records.  Proper documentation of household goods is always helpful in the event that you need to process a claim.  Make a list of valuable items; be certain to note manufacturer, model, and serial numbers.  Carry a camera with you and take pictures.  

Written by Jennifer Hunter, PhD, Assistance Extension Professor, Family Financial Management

Go Green as You Clean

As warmer temperatures move into the forecast, spring cleaning may make its way to the top of your to-do list.  This year why not go green as you clean?  Here are a few simple tips to incorporate into your cleaning routine.

Save money by making your own “green” cleaning products using common household items, such as vinegar, baking soda, and lemon juice.  For example, to clean and shine glass, mix 1/4 cup of ammonia, 2 tablespoons of vinegar, and 1 cup of water.

As you reorganize and declutter areas such as closets and drawers, collect items such as clothes, toys, and books that you no longer want.  Donate these to a local charity such as Goodwill and receive a tax deduction.  

Host a swap party with family, friends, and neighbors.  Ask guests to bring gently used items they no longer want, such as accessories, purses, books, toys, or even clothing if guests wear the same size.  At the event, trade items you brought with items your friends brought.  Walk away with a like new purse, necklace, or pair of jeans.

Source: Ashley Osborne, Extension Associate

Jane Proctor is Trimble County’s Cooperative Extension agent for family and consumer services.