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Tidy up your finances like Marie Kondo


Article proudly brought to you by ME.


Letting go can be liberating. Industry super fund-owned bank ME looks at four ways to declutter your finances, inspired by tidying guru Marie Kondo.

Decluttering expert Marie Kondo is riding a wave of popularity with her Netflix series based on the KonMari[1] method of tidying up homes.

It’s no surprise Kondo’s ideas are a hit. Psychologists have long-known that mess causes stress[2], so why stop at our homes? Inspired by Kondo, ME looks at four ways to declutter your finances and regain control of your money.


1) Get the easy stuff out of the way first

Kondo recommends kick-starting the declutter process by clearing out items that hold the least emotional attachment. When it comes to money matters, that’s likely to be your transaction account.

Having multiple transaction accounts can mean paying unnecessary account fees. It can also make it hard to track debits and credits into and out of various accounts. Who needs that confusion?

Moving to a single transaction account can help you stay on top of your money and save on fees.


2) Get a clear understanding of what you have

Kondo asks her clients to gather all their clothing and pile it in one spot for a clear view of everything they own.

Try the same step with your finances. Line up all of your accounts and take a close look at what’s involved with each of them.

It can be quite an eye-opener. You could find, for instance, that your home loan or savings account no longer offers a competitive interest rate. If that sounds like you, take the opportunity to look for a product that’s better suited to your needs.


3) Don’t spread the clutter

Kondo has found that people often hide items in different rooms, spreading the clutter rather than addressing the problem.

It can be a similar story with credit cards. Constantly shifting balances from one maxed out card to a new card doesn’t mean taking control of the debt.  It merely delays the responsibility of paying off the balance.

If juggling multiple cards sounds familiar, consider consolidating to just one card.


4) Have a system in place to stay on top of the mess

When the cameras stop rolling on Kondo’s clients, we’re left wondering whether they’ll keep their homes clutter-free.

Don’t leave your newly tidied finances to chance. Staying on top of money matters calls for a system.

Consider putting your bills on autopilot by setting up direct payments out of your transaction account. Set calendar dates to regularly review your key accounts – it can prevent old bad habits from creeping in.


By taking a few tips from Marie Kondo, it’s possible to see your finances through fresh eyes.

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