rewrite this title 4 Steps to Take Toward Financial Spring Cleaning – NerdWallet

The first three months of 2025 have been a lot. Tariff threats, cuts to federal jobs, and still-high prices for food, gas and housing have shaken consumer confidence.

If you started the year hopeful but now feel anxious, channel those negative emotions into action. Spring is the perfect time to open some windows, plant some flowers and freshen up the money goals you set at the start of the year.

Here are some things to focus on.

Your spending habits may have fluctuated wildly over the past few years. According to the Federal Reserve Bank of St. Louis, travel, hotel, restaurant and bar spending fell during the pandemic, while grocery and beverage store spending went up. Then, post-COVID revenge spending kicked in as people went out and traveled once again.

Now, you may be tightening your belt once more. Consumer spending went down in January 2025, according to data from the Bureau of Economic Analysis. “I think people are slowing down on spending right now to see how things shake out with the new administration,” Shea Newton, a certified financial planner and president of Financial Journey in Pensacola, Florida, said in an email.

Recurring expenses silently cost you money in the background, so they’re all potential budget items to review. If you haven’t watched shows on a particular streaming service in a while, cancel your subscription and see whether you actually miss it. If another cell phone company provides similar coverage at a lower price, look into switching.

Even credit cards, especially those that charge annual fees, warrant a periodic look. As your spending patterns change, consider a new credit card that better maximizes your current lifestyle. Curtis Bailey, certified financial planner and founder of Quiet Wealth Management in Cincinnati, suggests first logging into your credit card accounts and pulling up a summary of last year’s spending, as well as the rewards that you earned.

Did you maximize your reward-earning potential and redeem those rewards in valuable ways? If not, it might be time to apply for a new card, he says.

Your priorities can significantly shift, even from one month to the next. “Finances is one of those things where there’s always 12 decisions to be made at one given time,” says Andrew Mitchell, a financial advisor at Fiduciary Financial Advisors in Grand Rapids, Michigan.

For big financial goals, Mitchell recommends moving beyond the here and now and thinking about what you might need or want in a few years. “If you’re thinking far enough into the future and preparing, even in a scenario where there’s these big things going on, you have cash on hand to be able to deal with those situations,” he says.

Natural disasters affected residents of multiple states in the past year, many of whom are still dealing with the resulting costs. Noah Damsky, founder and wealth advisor at Marina Wealth Advisors in Los Angeles, suggests you review your homeowners insurance policy at least every few years. The increased cost of labor and building materials can make it significantly more expensive to repair or rebuild your home.

Damsky, who bought his home in 2020, recently revisited his insurance policy. “I’m just a few miles away from where the wildfires were in L.A.,” he says.

Shop around to see whether other insurance providers can offer you similar or better coverage for a lower cost. And if you’ve acquired any luxury items in the past few years, such as jewelry or art, make sure you have policies in place that would cover those things, too.