Clever Ways to Save Money This April

Spring Clean Your Finances in 3 Smart Ways

Spring is here, and while you might be tidying your closet or organizing your workspace, there's one area most business owners forget to clean up—their finances. As we kick off Financial Literacy Month, it's the perfect time to uncover hidden costs, clear out outdated expenses, and sharpen your money skills.

Here's how you can give your business finances a fresh start:

1. Cut These Outdated Expenses

Sometimes, we get stuck paying for things we no longer need.

Here are three expenses you might be able to ditch this year:

1. Unused Subscriptions

   Remember those awesome tools and apps you signed up for during the hectic season? If they feel a bit unnecessary now, don’t hesitate to let them go!

   
   

2. Outdated Software Plans

   Be on the lookout for those outdated software plans. Technology changes quickly, and you might be surprised how many tools you pay top dollar for when cheaper or even free alternatives are available. It’s definitely worth checking out to see if you can save some cash! Technology evolves fast. Ensure you're not paying a premium for tools that now offer cheaper (or free) alternatives.

   
   

3. Office Perks No One Uses – That snack delivery subscription or mail service might have made sense once, but if your team's remote or your needs have changed, it might be time to say goodbye.S

"I used to pay for a premium invoicing software I barely used—until I realized my current bookkeeping tool already did everything I needed. That small change saved me over $300 a year!" - Lisa

2. Spot Sneaky Hidden Fees

Bank and merchant fees can quietly eat into your profits.

Here's what to look out for:

1. Monthly Maintenance Fees—I was looking into business accounts recently and noticed some banks sneak in fees that can add up. If you’re considering switching accounts, it might be worth checking if a fee-free version exists. It could save you some cash in the long run!

   
   

2. Transaction Fees – Have you looked at your transaction fees lately? If you accept payments online, those little charges can add up faster than you’d think! Some platforms pay higher fees than you realize, affecting your profits. It’s worth checking how much you’re actually being charged per sale.

   
   

3. Statement Fees or Overdraft Protection Charges—These extras can catch you off guard, especially if you’re not keeping an eye on your balance. And if you still get paper statements, those can rack up some costs too. Just a heads-up to stay on top of it all!

   
   

   💡 Pro Tip Cheat Sheet:

   • Always read the fine print on bank statements

   • Ask your bank about trim business-friendly options

   • Review your merchant provider's fee structure once a year

3. Test Your Financial Knowledge

In the spirit of Financial Literacy Month, let's play a little game:

Question: What's the difference between revenue and profit?

A. They're the same thing

B. Revenue is your salary

C. Profit means you're making sales

D. Revenue is what you make before expenses; profit is what's left after

Final Thought

Spring cleaning doesn't just apply to your home—it can also spark a massive shift in your business. Taking time to trim expenses, understand your fees, and brush up on bookkeeping basics is one of the best things you can do for your financial health.