Financial cleanup is most useful when it reduces the number of places money and personal information can be lost.
Close or secure dormant access
An unused account still needs monitoring until it is formally closed and confirmed.
Update recovery information
Current phone numbers, email addresses, and trusted contacts make account recovery safer.
Keep required records intentionally
Retain tax and transaction documents according to their purpose instead of saving everything forever or deleting it immediately.
Sources
- Federal Trade Commission, Protecting Your Personal Information.
- Internal Revenue Service, Recordkeeping Guidance.