2021 is a chance to reevaluate your financial situation and work towards a more secure future. It is never too late to get your financial house in order. You work hard, so why not save the fruits of your labor and invest wisely in yourself? We have compiled a list of a few simple tips to help you make this year more stable than the last.
Order Out Less
Saving money does not have to be a big, daunting task. Start small by bringing your lunch with you to work, or deciding to make a meal at home instead of ordering delivery. If frequent eating out is your vice, try slowly weaning yourself off of take out. Cut out one day of ordering, and you will be surprised at how much money you end up saving. According to a report aggregate by Statista, the average American, aged 45 to 54 years old, spent an average of 4,157 U.S. dollars on eating out. Implementing this small change could help and you may end up eating healthier too!
Workout at Home
During 2020, most people were forced to think outside of the gym when looking to exercise. This may have been a big change for some who rely on the equipment provided by the gym, but there is a hidden benefit of working out at home. You don’t have to pay the often steep monthly charge that gyms often charge! Some people need a change of scenery in order to feel motivated to get their sweat on. If this rings true to you, think about going to a park or running outside for some extra fresh air!
Banish Recurring Charges
Keep a strict eye on how many recurring charges are being run through your checking account. Recurring charges are services like Netflix subscriptions and Apple Music that charge you automatically every month for access. It can be easy to forget to cancel a subscription that you no longer use. This simple mistake can cost you! For example, if you pay for Netflix and Amazon Prime, you would be spending about 312 USD annually for entertainment. If you regularly use these services, it may be worth it. However, if you don’t use them, that is a sizeable amount of money wasted throughout the year.
Think Outside of the Box
Last year taught us all that even the best laid plans go wrong. Being able to think outside of the box became one of the most valuable skill sets a person can have. Whether it is with something like cryptocurrency or using ecommerce to its full potential, there are opportunities to make money for those willing to look for them. Taking risks can be uncomfortable, but the best things often come when steps are taken out of your comfort zone.
These are just a few tricks to help you on your financial journey. Remember to hold yourself accountable and set realistic goals. Be sure to let us know what plans you have for your financial future in the comments below!
