Its surge in popularity is not surprising as autumn seems like a perfect time for a big reset and clean, and Kara Gammell, personal finance expert at MoneySuperMarket<\/a>, is now suggesting that we should apply this \u2018death cleaning\u2019 idea to our finances, as well as our overflowing cupboards.<\/p>\n \u201cMost people don\u2019t like to think about these things because it feels really morbid, but I think this concept is quite useful,\u201d says Gammell. \u201cIt\u2019s about getting your ducks in a row to make things easier for people that you care about down the line, and I think any trend that makes people get their finances in order is beneficial. Most people don\u2019t actually realise how much financial clutter they are leaving behind.\u201d<\/p>\n She adds that it\u2019s especially important to get your finances in order if you have children, a partner, or anyone who relies on you financially.<\/p>\n \u201cIt will be difficult enough for them if something did happen to you, the last thing they will want to do is try and figure out all the paperwork,\u201d says Gammell.<\/p>\n The personal finance expert highlights that doing monthly or annual financial check-ins of your finances can help give you a greater sense of \u201ccontrol and clarity\u2026freeing up space to make better financial decisions to save money\u201d.<\/p>\n If financial admin seems like a momentous daunting task, here are some tips to help you get started\u2026Set aside 15 minutes for financial admin<\/p>\n \u201cPeople<\/a> do get overwhelmed, particularly when you call it death cleaning,\u201d recognises Gammell. \u201cTask initiation can be difficult, so I have something which I call a 15-minute rule where I say to myself, anybody can do 15 minutes of something. I find once you start pushing that ball down the hill, you start to get momentum and manage to start ticking things off your list.\u201d<\/p>\n Close old or unused bank accounts<\/p>\n \u201cClosing unused accounts simplifies your financial footprint and makes it easier for loved ones to handle your estate,\u201d says Gammell. \u201cMany people have accounts from old jobs, student days or previous banks that are still technically open.\u201d<\/p>\n Get a free fractional share worth up to \u00a3100. Terms and conditions apply.<\/p>\n Go to website<\/a><\/p>\n ADVERTISEMENT<\/p>\n Get a free fractional share worth up to \u00a3100. Terms and conditions apply.<\/p>\n Go to website<\/a><\/p>\n ADVERTISEMENT<\/p>\n Check your credit report<\/p>\n![\"Trading](\"https:\/\/static.independent.co.uk\/static-assets\/images\/mobile-stores\/Trading_212.svg\")
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Capital at risk.<\/p>\n<\/p>\n
Capital at risk.<\/p>\n