Subscribe
  • News
    • Local
    • Regional
    • Business
    • Real Estate
    • Outlaw Partners
  • Arts & Entertainment
  • Opinion
  • Sports
  • Yellowstone
  • Events
Menu
  • News
    • Local
    • Regional
    • Business
    • Real Estate
    • Outlaw Partners
  • Arts & Entertainment
  • Opinion
  • Sports
  • Yellowstone
  • Events

Enjoying the Ride: A Spring Refresher!

in Opinion
Enjoying the Ride: A Spring Refresher!

PHOTO COURTESY OF CAMPAIGN CREATORS/UNSPLASH

PHOTO COURTESY OF CAMPAIGN CREATORS/UNSPLASH
EBS Staffby EBS Staff
March 31, 2022

By Benjamin Spiker

SPONSORED CONTENT

As spring begins and we look to the activities of summer, it’s a good time to take a deep breath, pause and reaffirm the path we are on in many facets of our lives.  Spring cleaning is the common term for this time of introspection and refreshment that prepares us for renewed growth.  So, what does spring cleaning mean for our personal finances to allow us to focus on enjoying the ride for the year to come?  Here are some ideas:

Article Inline Ad Article Inline Ad Article Inline Ad
ADVERTISEMENT
  1. Take a look at your financial goals and make sure you are making progress toward achieving them. It doesn’t matter if your goal is to pay off debt like student loans or credit cards, or to amass a certain dollar amount in your retirement plan. Just make sure that you’re not regressing or stagnating. Whether you work with a professional to do this or not, it’s good to see it on paper.  Some will use a software application or many simply use a spreadsheet to track this progress.
  2. Spring is a great time to look at your household spending for the previous year. Where did you splurge? Where did you skimp? Could you spend more efficiently and still have the same life satisfaction? Review little things that add up like unused subscription services. Sometimes these are digital services we subscribe to and never use or have forgotten about, or maybe an old gym membership that has become obsolete due to lifestyle changes? Maybe you no longer need to pay for cable services because you only watch Netflix or Disney+?  You may be able to divert those dollars to something else.
  3. Also take time to look at your savings from the previous year. Did you participate in an employer-provided retirement account to the extent that you could? Did you maximize any benefits provided by the employer retirement account like a matching contribution? If you are saving in investment accounts, are those investments still allocated properly and performing to your expectations? If saving for short-term goals, are you maximizing your risk-free interest?  Oftentimes, you can find higher-yielding, interest-bearing savings accounts that are still FDIC insured online rather than at some of the larger brick and mortar institutions.
  4. Take some time to clean up your financial documents. If these are hard copies in filing cabinets, are there older documents that can be discarded? If so, make sure you are shredding them using a professional service or high-quality shredder. In today’s day and age many of our files are stored digitally. If that is your situation, make sure your files are backed up to a secure, cloud-based storage site or an encrypted external hard drive.
  5. Review how your accounts are titled. Should they be in the name of a trust that you have created and never updated? Are accounts correctly titled in joint name so that a surviving spouse could have easy access to them if an emergency occurred? If you are single, is there someone who should have immediate access to an account if you were to suddenly pass? If so, see if the financial institution you use offers the ability to place “Transfer on Death (T.O.D.)” or “Payable on Death (P.O.D.)” instructions on your taxable accounts. Review your beneficiary information on your retirement accounts to make sure that everything is directed where you want it upon your passing. Do you have a Power of Attorney (P.O.A.) on file with the institution you work with allowing someone to provide instructions to the institution should you become incapacitated? 

Audrey Hepburn once said, “To plant a garden is to believe in tomorrow.”  While this can be applied to many facets of our life, it is absolutely true with our personal finances. The list of ideas I have provided here is in no way exhaustive. If you are uncertain about any of the above listed items, take the time to speak to the professionals in your life. Setting the time aside this spring to plant the garden of your financial future will only serve to help you better believe in your ability to Enjoy the Ride tomorrow!

Benjamin D. Spiker is the Co-Founder and Managing Director of Shore to Summit Wealth Management.  His wealth management career spans more than 22 years and he currently works and lives in Annapolis, MD with his wife, two sons and daughter.

Wells Fargo Advisors Financial Network did not assist in the preparation of this report, and its accuracy and completeness are not guaranteed. The opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors Financial Network or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy Wells Fargo Advisors Financial Network and Shore to Summit Wealth Management are not legal or tax advisors. You should consult with your attorney, accountant and/or estate planner before taking any action.

Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN), Member SIPC. Shore to Summit Wealth Management is a separate entity from WFAFN.  Shore to Summit Wealth Management is located at 105 E. Oak Street, Unit 1A Bozeman, MT 59715 # 406-219-2900

ADVERTISEMENT
Outlaw Realty Outlaw Realty
ADVERTISEMENT
ADVERTISEMENT

Listen

Hoary Marmot Podcast

Joe Borden & Michele Veale Borden

Lastest Episode
See More Episodes
outlaw realty montana outlaw realty montana
ADVERTISEMENT
Outlaw Realty Big Sky Bozeman
ADVERTISEMENT

Upcoming Events

Jul 9
11:00 am - 5:00 pm Event Series

June Show at the Big Sky Artists’ Studio & Gallery

Jul 9
12:15 pm - 1:30 pm Event Series

Community Yoga

Jul 9
5:00 pm - 8:00 pm Event Series

Post 99 Honey sales

Jul 9
6:00 pm - 8:00 pm Event Series

Pickup Ultimate Frisbee

Jul 10
11:00 am - 5:00 pm Event Series

June Show at the Big Sky Artists’ Studio & Gallery

View Calendar
Event Calendar

Related Posts

Emily Hahn, Top Chefs to feed PBR guests 
Opinion

Emily Hahn, Top Chefs to feed PBR guests 

July 8, 2025
Letter to the Editor: Thank you to Big Sky’s wellness champions 
Opinion

Letter to the Editor: Thank you to Big Sky’s wellness champions 

July 7, 2025
Dispatches from the Wild: Elk feedgrounds 
Environment

Dispatches from the Wild: Elk feedgrounds 

July 2, 2025
Writers on the Range: The slippery slope of e-bike access
Conservation

Writers on the Range: The slippery slope of e-bike access

June 30, 2025

An Outlaw Partners Publication

Facebook-f Instagram X-twitter Youtube

Explore Big Sky

  • About/Contact
  • Advertise
  • Publications
  • Subscriptions
  • Podcast
  • Submissions

Outlaw Brands

  • Mountain Outlaw
  • Plan Yellowstone
  • Big Sky PBR
  • Wildlands Music
  • Outlaw Partners
  • Outlaw Realty
  • Hey Bear

Copyright © 2025 Explore Big Sky | Terms of Use | Privacy Policy | Your Privacy Choices

No Result
View All Result
  • News
    • Regional
    • Business
    • Outlaw Partners
  • Yellowstone
  • Arts & Entertainment
  • Sports
  • Opinion
  • Real Estate
  • Events

©2024 Outlaw Partners, LLC. All Rights Reserved.

Explore Big Sky Logo
  • News
    • Local
    • Regional
    • Business
    • Real Estate
    • Outlaw Partners
  • Arts & Entertainment
  • Opinion
  • Sports
  • Yellowstone
  • Events
Subscribe
Facebook X-twitter Instagram Youtube