How to Declutter Your Finances in 7 Simple Steps
Do your finances ever feel like a chaotic junk drawer—stuffed with random expenses, forgotten subscriptions, and unopened bills? You're not alone. As life gets busier, it’s easy to let our money management become cluttered and disorganized. Just like spring cleaning your home, a little financial decluttering can make a huge difference.
Ready to breathe easier and take control of your money? Here are 7 simple steps to help you declutter your finances and create space for what truly matters.
1. Review All Your Accounts
Start by gathering a full picture of your financial life. List out:
Bank accounts
Credit cards
Loans
Investment accounts
Subscriptions
Insurance policies
Knowing where your money lives is the first step to organizing it. You might be surprised by how many accounts you’re managing—or neglecting.
Quick Tip: Use a budgeting app and see everything in one place. I use MyEcon for both personal and business. (https://laurahenry.myecon.net)
2. Cancel What No Longer Serves You
That streaming service you haven’t watched in months? The gym membership you “plan to use next month”? Time to let them go.
Review all automatic payments and subscriptions. Cancel anything that isn’t adding value to your life or financial goals. This not only frees up money, but also clears mental clutter.
3. Simplify Your Banking
If you’re juggling multiple checking and savings accounts with different banks, it may be time to consolidate. Keeping your money in fewer places makes it easier to track spending and avoid missed payments or overdrafts.
Pro Tip: Choose a bank that offers user-friendly mobile tools and zero hidden fees.
4. Automate Your Essentials
Set up automatic payments for recurring bills like rent, utilities, and minimum credit card payments. Automating your essentials:
Reduces the risk of late fees
Builds consistency in your budget
Gives you one less thing to worry about
Just be sure to keep an eye on your account balances so automation doesn’t lead to overdrafts.
5. Create a “Money Calendar”
Designate one day each week or month to check in on your finances. Use this time to:
Review your spending
Pay off credit cards
Adjust your budget
Set new goals
A money calendar helps you stay consistent and proactive, rather than reacting to financial stress after it happens.
6. Organize Your Financial Documents
Go digital wherever possible, and organize important documents into folders (both physical and digital). Group them into categories like:
Taxes
Insurance
Investments
Debts
Receipts for major purchases
You’ll feel more in control knowing exactly where things are when you need them.
7. Set Financial Priorities
Once you’ve cleared out the clutter, decide what you actually want to focus on. Is it paying off debt? Saving for a home? Building an emergency fund?
Decluttering makes space for intention. Instead of trying to do everything at once, choose 1–2 clear goals and channel your energy and money toward them.
Final Thoughts
Decluttering your finances isn’t just about tidying up—it’s about reclaiming your peace of mind. With these 7 steps, you’ll be able to breathe easier, make clearer money decisions, and set yourself up for long-term success.
Need help getting started? My Financial Clarity Coaching sessions are designed to walk you step-by-step through your financial transformation. Learn more here → Financial Clarity Coaching
