RISMEDIA, April 4, 2011—In the tradition of annual spring cleaning, this is a great time to check your finances and see what areas could use a little sprucing up! Informa Research Services, a subsidiary of Informa plc (LSE: INF), suggests some resources and tactics for tackling your financial clutter.
Slim down that bulky mortgage
Is your mortgage carrying a hefty interest rate that was considered competitive ten years ago? Like shoulder pads in the eighties, what may have been the trend back then may not be quite so stylish today. Check online rate tables to see if you can find a low rate to update your mortgage and consequently, adopt new smaller monthly mortgage payments.
Dust off those savings accounts
If saving money and earning interest is a part of your financial practices that has fallen to the wayside, there’s no better time than now to get them started again! Savings rates are at some of their lowest levels, but financial institutions are still offering promotional rates that are significantly higher than their regular earning rates. Furthermore, remind yourself that earning even a small amount of interest is better than earning no interest at all.
Just like tidying up a room, take on your finances one step at a time. Each change you make may seem small at first, but in the long run, these changes can make big difference.
For more information visit www.informars.com.
