02/03/2023
1. Adjust your subscriptions!
Many of us have subscriptions we do not eve use that are costing us monthly. Make sure to take time every couple months to review your subscriptions and make sure you are paying for what you need.
2. Track your spending
Those weekly Starbucks drinks add up. Even if it's 'just $5'. Let's be real, you can hardly order a drink from the Starbucks menu these days that is under $5; and say you get 1 per week. That's about $20/month, and over $250/year of excessive spending.
3. Use your credit, but stay mindful
Credit card usage and utilization is one of the key determining factors of your overall credit profile. It is important to use credit cards, but use them wisely and pay them off at the end of the month when the statement comes.
4. Save a portion of each of your pay check
A good rule of thumb is to save at least 10% if your monthly pay check. Most employers will allow you to set up direct deposit so that 10% automatically goes directly into savings so you aren't tempted to spend it.
5. Challenge yourself
Whether it's a spending goal, or a savings goal. Challenge yourself each month to meet or exceed those goals! This will keep you mindful of your finances which is the first step in setting yourself up for success.
