Spring is the perfect time of year to tidy up your finances and make sure you’re in good shape for the year ahead. Below are three ideas to help you spring clean the way you manage your money today, so that you and your family can be wealthier tomorrow.

Review Your Spending Habits

Do you find that when it comes to the end of the month, you either have zero funds remaining or are close to that? You could be spending too much on bills each month, in which case you should look into this further, or you could be spending on impulse.

According to our ongoing Tackling the Savings Gap research , the average Brit spends £56.20 a month on impulse buys. If you’re between the ages of 25-34, this number rises to £76 per month. That’s a huge £674 or £912 every year.

One way you can put this cash to better use is by investing it through our award-winning technology, impulseSave®. Rather than spending your hard-earned cash on trivial things that you don’t necessarily need, you can use impulseSave® to invest that money into your Pension, ISA or GIA from as little as £1 per top up. This way you can be safe in the knowledge that you’re improving your finances for your future and not spending money on something you don’t need.

Take Stock of Your Retirement Plans

Do you know how much is in your pension pot? Don’t worry, you’re not alone, 64% of people in the UK are also unaware of how much money they have saved for retirement.

This figure is worrying considering the State Pension is just £155.65 per week and few will be able to live on that alone come retirement age. In order to avoid a future on a low income, we believe you should start to save as early as possible.

With True Potential, you can easily get a valuation of your pension 24/7 through your client site or our mobile apps. That way, you always know how much you have and what your retirement looks like, today.

Analyse Your Cash ISA

When was the last time you checked the interest rates on your ISA? Could you be getting a higher rate elsewhere? If you’re saving in a Cash ISA, the answer could be yes.

Spring is a great time to dig out your statement or log on to your online banking to see exactly what rate of interest you’re getting on your savings. Like many, you may have been on an introductory booster rate which has since ended.

The good news is you can easily transfer your Cash ISA to one paying a better rate of interest, or into a Stocks & Shares ISA which has the potential to grow your money even further.

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Your capital is at risk. Investments can fluctuate in value and you may not get back the amount you invest. Past performance is not a guide to future performance. Tax rules can change at any time.

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