Seriously, there’s nothing like a big life change to make people realise just how messy their money’s got. Honestly, this is something that Millennials and Gen Z especially need to pay attention to (granted the same could be said for older generations too). It can be the major ones like moving house, changing jobs, having a baby, well, all those fun milestones come with a side of “where’s all my money actually going?” No, really, just think about it for a moment. Those little payments and old contracts feel a lot more annoying, and the last thing anyone wants is to start a new chapter while drowning in pointless expenses.
That’s exactly why doing a money audit before life gets busy is such a smart move. In all honesty, it just can’t be stressed enough that this is something that you should absolutely do anyways! Like, there’s nothing but benefits here since it clears out all the financial clutter, finds hidden money you didn’t even realise you had, and makes everything feel way less stressful.
Honestly, the list could just go on and on for exactly why you should do this before those big life changes (and sometimes you have no choice and you actually need to).
You’re Throwing Away Money Each Month
Yep, everyone’s guilty of this one. Well, those subscriptions love sticking around, especially the ones you forgot to cancel. It’s not like they’ll ever die off, that’s bad for business anyways. So, here’s an example; that “free trial” that’s been charging you each month, the fitness app you used twice, or the streaming service you signed up for after a few too many glasses of wine.
But yeah, they’re all sitting there, happily draining your bank account while you don’t even notice. If you’re not using them, they need to go. Plus, that money goes for things that matter, like decorating your new house, your new nursery, or whatever else.
Maybe Something is Stealing Your Money
Well, this is something else that should also be mentioned too. Actually, this alone might be a much bigger one than the subscription example that was mentioned above. There are some things that you might not either realise, or just don’t know that’s blatantly stealing your money each month. For example, maybe there’s some contracts that just roll over and get more expensive without you realising. Sometimes, customers don’t even get notified of this at all.
Now that’s one example, but are is there anything you pay for monthly that you just never look at again, like a car finance deal for example? Well, you could be getting overcharged, even for a car from years ago. So it might help to look into Motor Finance Claims, because who knows, maybe you’ve been overcharged without even knowing it (and you do deserve a payout for this). So yeah, that extra money can go towards those milestones like moving costs, or baby essentials for example.
Think of the Satisfaction
It feels pretty nice to get rid of all of this financial junk, like it feels absolutely amazing! It’s like decluttering your wardrobe, but for your bank account. You stop wasting money on rubbish, you feel way more in control, and those big life changes feel a whole lot easier when you know your money’s not being eaten up by nonsense.
I couldn’t agree more—doing a money audit before a big life milestone (like a wedding, move, or new job) feels like giving your future self a huge high-five. I remember running my numbers, then discovering I could lift a little financial pressure by using Earnin to cover small gaps until payday—no fees, just peace of mind. It’s amazing how seeing exactly where your dollars go (coffee runs, streaming subscriptions, whatever) turns chaos into clarity. A quick audit isn’t just budgeting—it’s a mini check-in with your hopes, your goals, and how you really want life to feel as you step into the next chapter.