How to spring-clean and declutter your finances (by Dr Frank Magwegwe, Certified Financial Planner)

CapeTalk and 702's Aubrey Masango speaks to Dr Frank Magwegwe, a Certified Financial Planner.

Listen below:

It's the season to spring-clean our homes and finances.

Consider these three Cs to refresh and declutter your budget:

1. Cut clutter: Identify unnecessary expenses.
2. Clear: How will you get rid of unnecessary expenses? For example, if you have a gym contract but don't use it, consider cancelling to save that money.
3. Create: Build new habits to create sustainable wealth. Hold yourself accountable each time you spend.

Some additional finance tips include:

• Review your subscriptions and contracts: cancel what you don't need and keep essentials.
• Hold yourself accountable and be kind to yourself: take time to understand your finances.
• Set a monthly date with your finances: use the time to check your budget, reduce debt, and plan goals toward saving.
• Ask yourself if each expense serves you well or puts you in debt.
• If you have a partner or family, practice open communication about personal finance.

Scroll up to the audio player for more.