Originally Written by Sean Pyles, NerdWallet. Edited by Gleba & Associates for clarity & brevity.
Marie Kondo has inspired countless people to wipe out clutter, and many of us took advantage of some extra time at home in March & April to do just that this year. Her KonMari organizing method, popularized by her book and Netflix series, lays out how to get more joy from your life and possessions. This approach can extend to your money, too. Applying her mindset can reduce the financial clutter in your life and help you make a better plan for each dollar. Here’s how to “Marie Kondo” your finances.
Commit, imagine a better future
Before you dive in, commit yourself to the task and visualize what you will gain. Do you want to spend less on eating out? Are you saving up for a car or a house? Have a clear picture of your goal – a zero balance on your credit card, or that new car or home – to stay focused throughout the process. “If you can create a mental image of what your life with your money will look like on the other side, it’s a lot easier to create a path to get there,” said Kimberly Zimmerman Rand, a Boston financial coach.
Understand your categories
Kondo’s method of tidying focuses on sorting through categories, like clothing, books and paperwork, and miscellaneous items. Pull a few months of bank and credit card statements and take the same approach to your three main spending categories: needs, wants, and savings. Many of you have heard of these “buckets” from Jill, Moiz, or Gary, but this is your friendly refresher!
Needs: The non-negotiables, like housing and debt payments, fall into this category. These monthly expenses might not bring you joy, but they keep a roof over your head and your credit score afloat. If this category consumes an outsized portion of your income, see where you can trim. Trading in your car for a less expensive one, for example, could mean an extra $100 in your bank account every month. Debt payments might be an unavoidable part of your budget, but you can find ways to make them fit more neatly. If you’re sorting through a mess of credit card bills, for example, see about reworking the terms. By consolidating debt onto a credit card with an introductory 0% interest rate or via a personal loan, you can pay less in interest, though you will need good credit to qualify. And you will have less paperwork and fewer monthly payments to manage.
Wants: Chances are this category brings you the most joy – but it’s also likely where you can trim the most. Meals out, new clothes or vacations fit here. Examine your spending on wants and ask if each one brings commensurate enjoyment. If not, trim or cut that expense. Keeping that money in your accounts could make you happier by reducing financial stress or helping you see progress on retirement savings. Subscription services are an easy target, says Brian Walsh, a certified financial planner and manager of financial planning at SoFi, an online lender. “When people start tracking their spending, they may see unused services come up,” Walsh said. “Gym memberships, game memberships, Netflix and Hulu at the same time. These can be easy cuts to make.”
Savings: This category can be a little too easy to keep minimal. In fact, 4 in 10 Americans said they couldn’t come up with $400 in an emergency or would have to borrow or sell something, according to a May 2018 report by the Federal Reserve. Building up your savings helps keep your finances tidy when life gets messy, such as when a sudden car repair pops up. Even $50 a month can make a difference.
Set yourself up for success
Once you have tidied up your spending categories, it’s time to set yourself up to achieve financial goals. Streamline your money management and reduce your paperwork you might have lying around. Automating payments for things like utility bills, student loan payments and credit card payments is an easy option. It also protects you from accidentally missing a payment. Shred old financial paperwork, such as bank statements or paid utility bills. Signing up for digital versions online means there’s no need to keep them. Don’t go overboard, though; you do want to hang on to tax documents.
To keep up the good habits in the long run, Kristen Holt, CEO of the nonprofit credit counseling agency GreenPath Financial Wellness, recommends focusing on your goals. “Take steps to set and forget your finances, like automating payments,” Holt said. “And continue to tie your work back to your dream.”




Invest Well. Manage Well. Live Well.
Gary is a Financial Associate at Gleba & Associates, Inc., joining our team in June 2020. After graduating from Walsh College with a Bachelor’s Degree in Finance in 2013, he began his career at Raymond James Financial Services. He then moved to the world of banking, working as a banker with Chase Private Client and then as an Assistant Vice President, Financial Advisor with PNC Investments. Gary has expertise in all aspects of financial planning including investment management, higher education planning, life insurance, and long-term care insurance needs analysis. When he gets away from the office, he loves to spend time with his wife, Lauren, and two daughters, Hadley and Harper. He enjoys woodworking, boating, summer weekends at the family cottage, spending time outdoors and traveling.
Conor is a Financial Associate at Gleba & Associates, Inc., where he started in 2018. Conor has prior experience in the financial planning industry, as well as in the insurance industry. His high level of understanding insurance and financial products helps him in assessing the needs of our clients. He holds a Bachelor of Science degree in Business Administration with a concentration in Finance from the University of Detroit Mercy. You can often find Conor playing soccer or walking with his two dogs Milo, and Ellie. He is also an avid follower of the Detroit Tigers, Detroit Red Wings and his alma mater, the University of Detroit Mercy Titans.
Lorie Heitzer is our Financial Associate at Gleba & Associates, Inc., where she has been a valuable employee for more than a decade! In her current role, Lorie assists with client reviews, implements client financial planning, and handles preparation of investment paperwork. During her time with Gleba & Associates, Lorie has earned her Series 6 (Investment Company Variable Contracts Representative), 63 (Uniform Securities Agent) and Life Insurance Licenses, allowing her to move into her current role where she assists clients in both of these areas. Lorie and her husband Bill, along with their daughters Lauren and Alexandria, and sons-in-law, Andrew & Joe, enjoy golf and make it a family event whenever possible. Her tenure at Gleba & Associates speaks volumes to her passion for the firm’s family atmosphere and her dedication to our clients and their financial and insurance needs.
Terri is the Service Manager at Gleba & Associates, Inc., Joining the team in April, 2015. In her role, she handles client service requests and underwriting. Terri’s previous experience in 401(k) Retirement Plans, Payroll and Human Resource Administration is invaluable, allowing Gleba & Associates to grow and run efficiently. This is knowledge that can also assist our small business clients as they grow their businesses. Terri enjoys spending time with family, which includes her husband, Gerry and her two children, Vincent and Genna. She loves the outdoors and camping with family in their RV. Terri looks forward to continuing the high level of customer service you have come to expect from Gleba & Associates!
Michael is the Marketing Manager at Gleba & Associates, Inc., where he began in August 2017. In his position, Michael creates and develops marketing strategies to enhance the image of Gleba & Associates, and helps maximize the Client-Advisor relationship. He is also in charge of company events, seminars, and educational workshops. Michael has a Bachelor of Applied Arts Degree in Integrative Public Relations from Central Michigan University. When he is not in the office, Michael can most likely be found playing billiards, playing poker, on the tennis court, or rooting on the Utica Unicorns baseball team. Michael stays active by going to the gym and going to the dog park with his Labrador-mix, Milton. His approachable attitude, along with experience in marketing, communications, and social media, makes him a valuable asset to the Gleba & Associates team.
Moiz is our Financial Associate at Gleba & Associates, Inc., where he began in 2013 after working for Bank of America and Thomson Reuters in various financial roles. In his position, Moiz assists in the research of financial solutions in order to meet client’s needs, conducts client reviews, provides insurance quotes, offers detailed financial plans, and delivers follow-up services to our clients. Before moving to the United States in 2004, Moiz grew up in rural India, where he was raised in a family of entrepreneurs. This allowed him to quickly learn the value of financial investment. Moiz holds a Bachelor of Commerce Degree in Accounting from Gujrat University and a B.B.A. in Management and an MBA from Walsh College of Accountancy and Business Administration, where he was elected as a member of Delta Mu Delta, the International Honor Society in Business Administration in recognition of high scholastic attainment. Moiz enjoys spending time with his wife, Tasneem, son, Taha, and family. He also loves playing tennis and rebuilding computers. His expertise in the areas of banking, mortgage and taxation helps to provide our clients with distinct portfolio advice as well as overall financial direction and growth.