Spring-clean your finances! 5 ways to get financially fit

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PHOENIX (3TV/CBS 5) -  Spring is in the air! And along with cleaning out your closets, why not take this opportunity  to spring-clean your finances as well?

Being financially fit helps you become a savvy saver and spender. On Tuesday's Good Morning Arizona, we got some expert tips on five ways to get rid of the junk in your financial house.

Emma Garcia is the Assistant Vice President of Marketing and Community Development at Desert Schools Federal Credit Union.

In the spirit of National Financial Literacy Month, she gave us some helpful advice to become financially fit.

1. Make a commitment. 

Changing your relationship with money is not an easy task; it takes hard work and a strong commitment. Visit www.FinancialLiteracyMonth.com for information.

2. Assess your financial situation.

A simple quiz can help you understand your current financial position.  Knowing where you are today will help you determine the best path toward meeting your financial goals.

3. Get organized.

Getting your financial house organized is a great way to begin on a clear path toward financial wellness.

4. Set priorities.

Understanding the difference between needs and wants will help you establish financial priorities and set realistic goals.

5. Live on a budget.

Spending less than you earn is easier said than done, but a solid budget is the most important element of any successful financial plan.

"We want financial literacy to become second nature to our members. Managing money doesn't have to be difficult, and with the right tools and some discipline, financial goals can be achieved every day," said Susan Frank, CEO of Desert Schools. "Financial Literacy Month is a great opportunity to learn and even refresh our practices to ensure a successful financial plan is in place."

The goal of National Financial Literacy Month, (recognized officially in 2004 by the United States Senate), is to teach individuals and families how to better manage their budgets, pay down debt, and learn how to set achievable financial goals.

According to a recent survey by Career Builder, 77 percent of American consumers are living paycheck to paycheck.

About Desert Schools Federal Credit Union Celebrating its 76th year in Arizona, Desert Schools is Arizona's largest credit union with $3.8 billion in assets, more than 308,000 members and branch locations across the Valley.

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