Cosmo financial columnist Alexa von Tobel wrote and entire book called Financially fearless, because the truth is, most of us aren’t. These steps can help build serious money momentum.
Make all the little things add up to big savings
Habit 1: go Digital
It’s hard to fathom that in 2016, most households still receive paper statements via snail mail. Instead of letting unopened bank notices pile up like makeshift coasters, try a free account-aggregation tool to get an up-to-date snapshot of all your accounts in one spot (there are resources like the Learnvest app, or your bank’s site). Set up a separate e-mail address for bills and statements so nothing slips through the cracks.
Habit 2: Check in on your money
Take just one minute each day to scan your transactions. Are you staying on budget? Are there any surprises? I took the anxiety out of my daily money audit by putting the Learnvest app right next to Instagram. When I wake up, I check Insta and then hop over one app to peek at my financial activity. Routine established!
Habit 3: set alerts and stick to them
Feel more on top of things by setting up auto-payments or calendar alerts for recurring payments such as your rent, phone, credit cards, and all your Amazon-iflix-spotify-like subscriptions. You likely already have a social calendar and a work calendar, so why not have a money calendar?
Habit 4: know your score
Don’t be afraid to check your credit report. Plug in reminders to do a credit score check every few months. Scouring your credit report regularly through your bank or a service like Transunion will help you catch any errors that harm your score.
Habit 5: Find a “money buddy”
Disclosing your stats to someone you trust who is in a similar financial situation can head off fear of judgment on both sides. Once you’ve found your buddy, share your goals and meet every couple of weeks to report any progress or obstacles. Having someone to keep you accountable and cheer you on will make it easier to stay on track. If you’re not comfortable opening up to a friend about debt or your finances, consider talking to a reputable financial counselor or an agency like Money Doctors.
Habit 6: splurge a little
If you buy nothing at all, you may end up becoming so tired of saving that you blow your cash at the first opportunity. Try opening a fun account just for activities like movie nights or fitness classes. Studies, like a recent one published by the Association for Psychological Science, show that spending money on others, even small amounts, increases happiness.
These tweaks are like a Build-yourOwn-fortune kit!