(Undated) -- With the bulk of holiday spending in the rear view mirror, financial planners say the new year is a good time to take stock of individual or family financial health. Bruce Smith is an investment advisor with PNC Wealth Management. He says it pays to get financial paperwork together now. "Gather your banking statements, your investment statements, retirement statements, insurance. Get it all together, organize it, and try to really evaluate where you're at, why you have something. It's just like getting on the scale. You have to weigh in and see what's going on," Smith says. He says people should ideally evaluate their personal finances every three months. Smith says the end of the year is also a good time to look at interest rates, unnecessary expenses and charitible giving. He adds financial goals, like paying for college, should be taken into account as well.