*By Carlo Versano* Does your bank account spark joy? With Marie Kondo fever sweeping the nation, her tidying method has led to the purging of countless dressers and kitchen cabinets. But the theory underpinning the so-called KonMari method can extend to your finances as well. Committing to the Marie Kondo method tends to have an immediate effect on your spending, said Julia Glum, a reporter for Money who has written about Kondo and her new Netflix ($NFLX) show. Just by looking at every purchase through the "does it spark joy" lens tends to put things in stark relief, she said. "It can cure you of irresponsible spending." By taking stock of every single thing you own, it will become clearer that you don't actually need that next thing you see on Instagram. "If you have five pairs of black jeans, the next time you go to the store, you're not going to buy another pair of black jeans," as Glum put it. KonMari acolytes also say that they become obsessed with clutter and not buying repeat items. The method can even help you make a few bucks if you decide to re-sell things you've purged on sites like Craigslist, Facebook Marketplace, or Poshmark, or through second-hand stores. One of the major tenets of KonMari is aggressively tackling paperwork. Glum recommends setting aside time to focus exclusively on organizing all the financial papers in your home. Start by thinking you won't keep anything, she said, and work backwards, saving only the necessities. Then scan and digitize all the paper statements that are worth saving. Something as small as throwing out old bank statements can do wonders in re-framing your mindset around the purchases that matter to you, but it takes some discipline. "You don't want to backslide," Glum said. For full interview [click here](https://cheddar.com/videos/how-marie-kondo-can-spark-joy-into-your-bank-account).

Share:
More In Business
Stretching Your Dollar: The Great Wealth Transfer is Coming Soon
It's expected that boomers and their parents' generation will pass down $84.4 trillion in assets through 2045, according to Forbes. Paul Karger, co-founder and managing partner of financial firm TwinFocus, joined Cheddar News to discuss wealth transfer between parents and their children and when it's a good time for a conversation between them.
Stretching Your Dollar: How to Care for Your Pets on a Budget
Pets grow into beloved members of families and many do what they can to keep them happy and healthy. Marc Peralta, chief program officer of Best Friends Animal Society, joined Cheddar News to discuss finances and expenses when taking care of your furry family members.
Load More