The #SWYP Clean Challenge

How to Spring Clean your Money in 30 Minutes

stack-of-cards

Spring is finally here! Although enjoying the well-deserved sunshine can and should be on top of everyone’s to-do list, it’s also the perfect time to hit the refresh button on how you organize your money. 

Since getting your money in order doesn’t have to be a struggle or even time consuming, we’re introducing the #SWYPclean challenge, a 30 minute way to clear literal and figurative financial clutter. 

Here are a few easy ideas on how to #SWYPclean and get your money under control: 

Find what you need

Estimated time: 15 minutes

We hear you – today’s wallet can’t hold all of the credit, debit, gift and loyalty cards accumulated over the years. Some of your wallets may even resemble the infamous Costanza wallet. No matter the state, now’s the time to hunt through your kitchen drawers, sift through all of your pants’ pockets and empty out every bag until you get each and every card. 

Purge the exess

Estimated time: 5 minutes

Once you have every single card, grab a pair of scissors and a trash bag, and start going through them. Be ruthless – if you haven’t used it within the last calendar year, you likely won’t need to use it again. A few tips to keep in mind: 

Loyalty cards – if you can either remember the last time you used it or how much money it saves you, it’s a keeper. If neither of those scenarios apply, cut it up.

Debit cards – is it expired? Toss, because your wallet could use the extra space.  

Credit cards – similar to debit cards, if the card is expired, it’s time to snip. A word of caution – although no one’s feelings are hurt if you cut up a credit card, your credit could get dinged if you cancel the entire account, so proceed with caution. 

Gift cards – aka free money. Unfortunately, about $2 billion worth of gift cards go unused in a year. If you actually don’t know how you would spend $50 at Home Depot, there’s definitely someone in your life who could. The beauty of re-gifting ☺

Consolodate

Estimated time: 10 minutes

Hopefully the pile got smaller (score!), but now’s the time to build an organization system that can work for you year round. All-in-one smart wallets are one of the best ways to pay and organize your money because they carry all of your credit, debit, gift and loyalty cards. Your money is convenient and you can sleep easy knowing you never have to say, “I left my gift card at home.” If an all-in-one smart wallet is your choice, simply set-up your account and swipe all of your cards in. 

If a smart wallet isn’t your jam, there are other options out there as well. Mobile-only wallets – such as Apple Pay – still have the benefits of an all-in-one card, but most stores may not be able to support them just yet.  

Show us how you cleared the clutter on Facebook and Twitter with the hashtag #SWYPclean. Ready, set, clean!

 

 Photo credit: Aslan Alphan/iStock / Getty Image

The SWYP Team

Sunnyvale