PHILADELPHIA (CBS) – The same time of year when many of us engage in the ritual of spring cleaning around the house is good for sprucing up your finances too.
Today marks the end of the first quarter of 2011 so shortly you’ll be getting investment reports. It’s also the time of year when you have either just filed your taxes or are about to.READ MORE: Elderly Man, Woman Killed In West Philadelphia Multi-Home Fire, Police Say
Either way, says Joel Steele of Steele Financial Solutions, all of this information is within easy reach for re-evaluation. He recommends consulting a professional for what amounts to a financial physical.READ MORE: Pennsylvania Lottery Generates $1.3 Billion In Sales To Benefit Seniors
“When you go see a doctor, the doctor’s goal is to make sure you feel good and that things are where they’re supposed to be and that you’re happy and healthy — it’s the same thing for finances,” he says. “The goal is that you’re in good shape. The reality is, most people are not in good shape financially.”
Steele says common mistakes are not paying yourself first and over-diversification to the point you don’t know where your money is or why.MORE NEWS: Thursday's Storms Break Record For Most Tornadoes In Tri-State Area In Single Day
Reported by John Ostapkovich, KYW Newsradio