Most of us intend to start saving money. But once that direct deposit hits the bank, it’s easy to let your goals go out the window. Whether you’re saving up for something big, like the down payment on your dream condo, or small, like tickets to your favorite music festival, these connections can help you accomplish your goals. One step at a time.
Step 1: Do your research
Ever wish there was a class called “Adulting 101”? If you find it, let us know! In the meantime, these services are a great place to start your journey toward financial freedom. They gather up the best personal finance tips the internet has to offer, and deliver them in the format of your choice.
Step 2: Keep tabs on spending
Before you can start saving, you need to figure out where your money goes each month. Worried you might be spending too much on car shares? Struggling to keep track of your receipts? These connections will help you get a handle on your day to day expenses.
Step 3: Reduce expenses
Now that you’re taking a more critical look at your monthly spending, you’re ready to start trimming the fat. Small steps like reducing your energy consumption, avoiding late fees, and taking advantage of sales add up to big savings over time.
Step 4: Prioritize savings
Instead of trying to remember to set aside a large amount every month, consider scheduling your savings with a service like Qapital, Monzo, or ING Australia. You can start a regular savings plan or aside a small amount every time you finish a task, participate in social media, or even go to the gym. Now meeting your savings goals can be as easy as liking a cat video on YouTube.
Step 5: Become an investment pro
Once you have your expenses under control and your savings are starting to grow, it might be time to look into putting your money to work for you. If you’ve always wanted to dabble in day trading, but can’t be glued to the ticker 24/7, we can notify you when the value of the stocks you’re considering change significantly or provide you with a weekly performance report so you can make informed decisions.
Start working through these five easy steps today, and get ready to show us the money.
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