The New Year is around the corner and 76 percent of Americans’ resolutions have something to do with money. Whether it be making buying property a goal or just trying not to spend so much at happy hours, you could always start a bit early.
CASSIUS has a few simple ways you can set yourself up in 2018 for a fire 2019. Check out some of our tips below:
Open A Savings Account
It may seem like a no-brainer, but some don’t see the value in it. A checking account is great for your daily uses, whether it be buying your lunch or having a debit card that makes things a bit less cumbersome when it comes to drunkenly closing your tab at the end of a night. But savings accounts will have higher interest rates— if you keep the bulk of your money in it, you’ll slowly start to see it grow.
Withdraw Cash For The Week And Only Use That
Debit cards make it hard to keep your weekly budgets in check, so to make yourself even more strapped, you can take out however much money you’ll need for the rest of the week from the ATM. Physically seeing that money leaving your hands will make you think twice and when it’s all gone… it’s all gone.
Bring Lunch From Home
It’s the last week of the year and you’ve heard it before— bringing lunch from home saves a bunch of money in the long run. While meal prepping might not be your thing, giving it a try for just the last week of the year might change your mind. It doesn’t mean you have to pack lunch every day, but just 2-3 times a week and your bank account will thank you.
Don’t Go Out For New Year’s… Or Don’t Go All Out
It’s a big ask, we know. It may be easier said than done for introverts but even for extroverts, there are ways to save money when it comes to New Year’s celebrations. Staying in might not be an option, but bringing your favorite bottle of liquor over to a friend’s house party and getting lit is cheaper. **shrugs**
Take A Long Hard Look At Your Finances
Your bank account is already in disarray because of all the bread you spent on Christmas gifts, so chances are you’re already contemplating your life until your next paycheck. But instead, take a long hard look at your finances and track what you’ve been spending your money on for the last 12 months. If you notice you’re spending too much money on clothes then slash your clothing budget in half for 2019. Before you start trying to save money, you’ve got to figure out where all of it is going.