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spring cleaning your finances

Three Tips for Spring Cleaning Your Finances

Now that the flowers are in bloom (and allergy season is here), it’s time for a little spring cleaning. As you begin to open the windows, get out your warm-weather attire, and get rid of all the extra “stuff” you accumulated throughout the winter season, it’s also time to think about spring cleaning your finances. That’s right, your finances could always benefit from some time spent making sure you’re diversifying your portfolio and that your investments are in good shape for the year ahead. 

4 Tips for Spring Cleaning Your Finances

Reviewing your finances every quarter can go a long way in helping you stay on track with your goals and dreams. Here are some tips for spring cleaning your finances to help you stay on track:

1. Diversify Your Portfolio 

One of the most powerful tools you can utilize for your future is diversification in finance. Having the right mix of stocks, bonds, mutual funds, and even short-term investments can help you get on track for a financially successful retirement. 

When diversifying your portfolio, it’s important to consider your risk tolerance. How strategic do you want to be with your investments? What level of risk are you comfortable with? Are you open to taking bigger risks for potentially higher returns, or do you prefer a slower, steadier approach? It’s crucial to work with a financial advisor who can help you evaluate your risk tolerance and align it with your long-term and short-term investment goals. 

2. Review your investments. 

When you’re working on spring cleaning your finances, it’s important to revisit your goals and assess your current stage of life. It’s crucial to ensure that the goals you initially set when you started investing still align with your current situation and future plans. 

If you just got married or added a little one to your growing family, your goals will need to change. Maybe that growing family of yours makes you decide to grow more slowly or take fewer risks with your finances for a season—and that’s okay. Whatever season you’re in, your financial advisor can help you create a plan and review your strategy with every new life change. 

3. Cut out the dead weight.

When we purge unnecessary things from our home during spring cleaning, we feel better. Our homes feel more intentional, and even more peaceful. Our finances are similar. When you review your portfolio and financial strategy, you might find that some financial decisions, investments, or even your general direction aren’t serving you anymore. That’s when you know it’s time to cut out the dead weight. 

Consider removing any stocks, bonds, or other assets that aren’t performing as you’d hoped they would. Double down on your financial goals and make sure your financial decisions will help you get there. Doing this regularly will help ensure that your finances will continue working for you in the months ahead. 

If you want to begin spring cleaning your finances but aren’t sure what investments to cut, how to align your life goals with your season of life, or how to build or diversify your portfolio, a financial advisor can help. We can meet you right where you are and help you come up with a financial plan that will help you get to where you want to be. Talk to a SageSpring Wealth Partner today—we’d love to work with you. 

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Jeffrey T. Dobyns

CFP®, CLU, CHFC

President, SageSpring 

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Jeffrey T. Dobyns

President, SageSpring 

Beyond crunching numbers and investment strategies, at SageSpring, we’re about building relationships. When you encounter Founder & President of SageSpring, Jeff Dobyns, it’s easy to understand why this is at the very heart of who we are as a firm. You won’t find stuffy formalities with Jeff; instead, you can expect to find him sharing a warm smile, communicating a compelling vision, or patiently untangling life’s complex challenges with clients. He believes in truly getting to know clients, understanding their aspirations and priorities, and navigating their financial plans with a tailored, comprehensive approach. Our team members have often been caught taking notes on Jeff’s effortless relationship skills from a distance, and we admire them for striving to learn from one of the best. 

Jeff’s financial expertise and wisdom are the perfect match to his innate people skills. Jeff holds the prestigious CERTIFIED FINANCIAL PLANNERTM certification, Chartered Life Underwriter (CLU®), and Chartered Financial Consultant (ChLU®) designations, and has held executive positions with financial planning firms for more than two decades. 

His dedication extends beyond the office to the boardroom and the local community, where Jeff is passionate about giving back. He serves as Chairman of the Board of Men of Valor, a prison ministry and mentoring program. Jeff also serves on the board of Send Musicians to Prison, which shares hope, healing and restoration with the imprisoned through musicians & artists. Jeff actively supports other initiatives in the community by sitting on the board of The Signatry of Middle Tennessee and the Halftime Institute of Nashville. 

Witnessing his four children, Gracyn, Hunter, Tanner, and Logan, excel on the field is almost just as rewarding, if not more, than celebrating the victories of seeing his clients overcome obstacles and build wealth. Spending weekends boating on the lake, hiking mountain trails, and fishing with his family are the moments Jeff cherishes most. It’s this grounded perspective that reveals the true meaning of wealth for Jeff: not just numbers on a page, but the freedom to create experiences that enrich your life and the lives of those you love. When you choose the Dobyns McMillin Wealth Team, you choose more than financial expertise. You choose a partner who champions your dreams, celebrates your victories, and walks besides you on the path to achieving your unique goals.

**Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER TM, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.