How to Clean Up Finances

How to Clean Up Your Finances

Doing a deep clean is an effort that isn’t only confined to your home (though of course, cleaning the home is important too — just how long has that leftover lasagna been in your fridge?) Rather, it’s also important to regularly take a look at your finances and figure out how you can spruce them up. If your budget’s been gathering dust all year, we have some ways for you to get them refurbished and back in good shape!

1. Organize your information

The first step toward clean finances is to get a handle on what you currently have. Gather together your financial information — accounts, important documentation, bills, etc, into an easy-to-find and easy-to-sort system. This way, you’ll be able to locate with ease that utility bill you need for proof-of-residency and know exactly where to find those donation slips when it comes to doing your taxes.

2. Get rid of financial clutter

While gathering up your information, did you find you have an overflowing box in your closet with years worth of documents shoved inside? In that case, it’s time to downsize. According to Kate Ashford at Forbes, you may consider consolidating accounts and shredding unnecessary paper that’s piled up (the IRS recommends keeping tax returns and supporting documents for seven years, though some documents like marriage and birth certificates should be kept for life). Then, go paperless to prevent future buildup!

3. Check your credit report

Once you know what you have and where to find it, it’s time to figure out where you fall on the credit spectrum. Having a strong credit score can help you receive a loan, open a new credit card, and even get a new home or job. You’re entitled to receive one free credit report each year, which you can get at AnnualCreditReport.com.

4. Automate your payments

One of the easiest ways to stay on top of your finances is to set automatic payments for your bills. This way, you won’t have to keep track of what’s due when, and you won’t run the risk of forgetting a due date and missing your payment. And as a bonus, the more you pay your bills on time, the more that credit report you just checked will improve!

5. Set a budget

Finally, it’s time to set a budget. Look at what you spend versus what you earn each month and judge whether or not you can afford these expenses. Some of these expenses will be fixed costs like rent and debt payments, but we’re guessing there are a few non-essential items in your monthly spend — looking at you, nightly Seamless orderer. By cutting back (just a little) on non-essential spending you can boost your savings and get closer to reaching your financial goals. Take some time to figure out what you can and should spend and be sure to stick to it. Worried you may fall off the wagon? Click below to see popular tools people use to help with their budgets!

Cleaning anything up is hard. There’s a reason people call it a chore! But it’s important to your financial future to keep your accounts, documents, and budget in top shape. Believe us, future you will be glad you got this all organized!

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What to Expect: Realistic Outcomes

Climb’s Comprehensive Access Solution can offer a strategic balance of increased enrollments and upfront cashflows compared to traditional lenders. While no financing solution guarantees 100% collection, our data-driven approach maximizes both upfront cash and long-term repayment rates.

Typical Partner Results:

  • 15-30% of students qualify for Climb Loans with upfront tuition delivered to the school shortly after course start
  • 45-60% of students qualify for 0% APR* payment plans
  • Enrollment increases of 20%+ reported by partner schools**

**Results vary by school and student demographics. This represents performance reported by individual school partners and should not be considered a guarantee of your specific outcomes.

The bottom line: CAS is designed to maximize your net tuition recovery while eliminating the administrative headaches of student financing.

Maximizing Your Results

Pro Tip: Schools that require student deposits and set up automatic payments during enrollment see significantly better repayment performance across all financing options. These simple steps can meaningfully improve your outcomes.

FAQs

We use a comprehensive, AI-driven assessment that goes beyond traditional FICO scores to better serve career training students:

  • Climb Credit Score: Over 150 data points specifically designed for vocational students
  • Debt-to-Income Ratio: Reliable predictor of payment performance
  • FICO Score: Used primarily for interest rate assignment

Key advantages of our approach:

  • Soft credit pull until loan funding (no credit impact during application)
  • The majority of students receive instant decisions
  • Students can apply with co-borrowers directly in the application
  • More accurate placement into appropriate financing products

We use a comprehensive, AI-driven assessment that goes beyond traditional FICO scores to better serve career training students:

  • Climb Credit Score: Over 150 data points specifically designed for vocational students
  • Debt-to-Income Ratio: Reliable predictor of payment performance
  • FICO Score: Used primarily for interest rate assignment

Key advantages of our approach:

  • Soft credit pull until loan funding (no credit impact during application)
  • The majority of students receive instant decisions
  • Students can apply with co-borrowers directly in the application
  • More accurate placement into appropriate financing products

Students are placed into funding brackets (Elite, Standard, Enhanced) based on our AI assessment. Higher-credit students generate higher upfront payments to your school, while students with limited credit are seamlessly directed to our 0% Payment Plan.

These brackets are established using data from over $1 billion in career training loan originations and may be adjusted periodically based on updated repayment trends.

Important note: Regardless of which bracket a student falls into, they are considered fully paid by your school once funded. The student’s repayment obligation exists exclusively between Climb and the student.

Elite Access not available for Computer Science programs. Upfront percentages vary by industry and loan terms.

Once Climb disburses upfront funding for a student loan, that student is considered fully paid by your school. You will not receive any additional payments for that student—the single upfront payment is complete and final.

From that point forward, the student’s repayment obligation exists exclusively between Climb and the student. Your school has zero liability if the student defaults, and you keep the full upfront payment regardless of the student’s future payment performance.

They’re automatically offered our 0% Interest Payment Plan, ensuring no student is turned away while maintaining steady monthly cash flow for your school.

Higher-credit students generate larger upfront payments (75-100% of tuition), while students with limited credit use our 0% APR* Payment Plan for consistent monthly revenue. Both options are risk-free for your school

Absolutely. Climb complements existing payment options like scholarships, employer-sponsored programs, and internal financing.

Absolutely. Climb complements existing payment options like scholarships, employer-sponsored programs, and internal financing.

Typically, within 5-10 business days after your partnership agreement is signed.

Comprehensive onboarding webinar, continuous partner support via AI-assisted chat and live email—and real-time borrower assistance with our live-chat-available student success team.

No. Climb fully manages the administrative responsibilities—your team simply monitors your school’s performance via our intuitive School Portal.

Your school is fully protected either way. For Climb Loans, you keep the entire upfront payment with zero liability. For Payment Plans, you only receive what students actually pay, with no risk to your school.