She Strengthens

Taking Control of Your Finances: Small Habits for Big Results

When it comes to managing your money, the biggest obstacle is often changing your habits. Identifying areas where you can cut back on unnecessary expenses is crucial, but it’s equally important to develop a system that works for you in the long run.

The Power of Daily Habits

One of the most effective ways to stay on top of your finances is to create small, daily habits that help you stay accountable. This can be as simple as checking your bank account every morning or doing a quick review of your budget during your lunch break. These tiny habits may not seem like much, but they can make a significant difference in the long run.

Real-Life Examples from the Community

We reached out to our community to learn about their daily routines that help them stay on track financially. Here’s what they had to say:

• Stay Informed: Liv sets up daily text notifications from her bills-only account and spending account to stay informed about her financial situation.
• Reflection and Accountability: Jeniece keeps all her receipts and reviews them daily, asking herself if each purchase was necessary.
• Daily Check-Ins: Zoe makes it a point to check her bank account every day to stay aware of her financial situation.
• Tracking Expenses: Arundhati writes down every single expense, no matter how small, to avoid forgetting any transactions.
• Simple yet Effective: Aftab follows Warren Buffet’s rule: if you keep buying unnecessary items, you’ll eventually have to sell your most valuable possessions.
• Paying Yourself First: Manu pays himself as soon as his salary comes through and sets aside money for leisure and extras.
• Motivation through Apps: Kyle uses an app to track his savings and stays motivated by checking his progress daily.
• Tracking Spending: Rosmarie uses an app to keep track of her spending, making sure to record every expense, no matter how small.
• Monthly Reviews: Tara writes a spending log for each month, reviewing her expenses at the end of the month to identify areas for improvement.
• Treating Yourself: Danie sets aside $100 every month for discretionary spending, helping her stay on track with her budget.
• Incentivizing Savings: Nicole rewards herself by moving $10 to her travel savings every time she spends $0 in a day.
• Daily Reminders: Gaining Traction receives daily emails with her checking account balance, empowering her to make informed financial decisions.
• Accessibility: Amanda has all her accounts on her phone, allowing her to check her finances anywhere, anytime.
• Vigilance: Jilly checks all her accounts and Credit Karma daily to stay aware of her financial situation and detect any suspicious activity.

By incorporating these small habits into your daily routine, you can take control of your finances and achieve your long-term goals. Remember, it’s all about creating systems that work for you and staying committed to your financial well-being.