Spring Clean Your Bank Statements 

Spring cleaning isn’t just for your home, it’s also the perfect time to tidy up your finances. One of the easiest places to start is with your bank statements. By giving them a quick “spring clean,” you can uncover habits, spot opportunities to save, and get a clearer picture of your financial health.

Here’s how to do it, and how we can help.

Step 1: Review Your Direct Debits & Subscriptions

Go through your statements and highlight any automatic payments. You might find gym memberships you no longer use, streaming services you forgot about, or insurance premiums that have crept up. Cancelling or negotiating these can free up hundreds of dollars a year (if you make time to do it!).

Step 2: Spot Spending Patterns

Look for areas where your spending consistently creeps higher than you’d like eating out, online shopping, or daily coffee runs. Awareness is the first step to making small adjustments that add up over time. 

Step 3: Track Where Your Salary Goes

Do your statements show your income being put to work in the best way? For example, are you directing funds into an offset account, savings, or straight into expenses? Small tweaks here can help you get ahead faster on your home loan or savings goals.

Step 4: Watch Out for Lifestyle Creep

Lifestyle creep happens when your spending increases as your income does. It often shows up in your bank statements as more dinners out, bigger shopping trips, or frequent upgrades. While there’s nothing wrong with enjoying the benefits of hard work, unchecked lifestyle creep can slow down your financial progress and make it harder to achieve long-term goals like paying off your mortgage sooner.

Step 5: Use What You’ve Learned

Once you’ve cleaned up your statements, it’s time to put the information to use. That’s where we come in.

At G&T Finance, we help clients turn this insight into action. Whether it’s restructuring your home loan to save on interest, setting up an offset account, or finding a lender with fewer fees, we make sure your money is working harder for you.

✨ Final tip: Spring cleaning your bank statements isn’t about cutting out all the fun, it’s about making sure your finances reflect your goals. If you’d like help reviewing your spending and using it to secure a better loan or refinancing deal, reach out to us at G&T Finance.