5 Financially Smart Things You Should Do
Take Your Finances to the Top
1. Automatic Savings Transfers
One of the easiest ways to save money, is not let yourself have it to spend. You can set up automatic transfers on your pay day to make sure you allocate the right amount to your savings. It's such an easy way to start stacking up your savings! This way it's done at the beginning of your paychecks and you don't have to worry about making sure you don't overspend. Do yourself a favor and set this up!
2. "No Spend" Days
Start to incorporate "no spend" days into your week. We suggest just starting with one day and working your way up. During that one day don't let yourself spend any money. Get up and make your coffee and pack your lunch. Make sure your gas tank has enough to get you to and from where you need to go. Don't let yourself slip into online shopping during the day. Doing this at least once a week will help you realize how much you can save when your not buying little things like coffee or a snack at the gas station, it all adds up!
3. Stick to Your Budget
If you don't have a budget, make one. One of the best lessons we can learn is to write down where all your money goes. For some reason, if you don't write it down it tends to just disappear. You can also begin to plan for things you want to do in the future. Maybe you want to buy a new car or go on a big vacation, with a budget you can start to put dreams into plans.
4. Get Rid of Credit Card Debt Asap
This is such a common mistake that people spend credit cards like they are free money. Wake up call they are not. They can be a powerful tool if used the right way to make rewards (travel miles, cash reward, etc.) However it is often forgotten to live within your means. Raise your credit score fast by paying in full every time you put money on your card and making sure it's paid off before each billing cycle. You're really hurting yourself if you're paying interest to spend your own money. Get rid of all that debt, and go back to your budget! Your future self will thank you!
5. Talk to an Investor
They are in that profession for a reason. Let them show you what they can do with your earnings. It can be life changing! As much as we study the market and try to stay up to date, an investor will usually know way more. It can't hurt you to at least talk to them.
You can do it! Start small, you got this babe!