11 Ways to Better Your Finances in Under 5 Minutes
We’re all crunched for time, especially when it comes to everything financial.
My friends will often do anything (make up ANY excuse) to avoid looking at their credit card balance, savings account, or loan statement. It’s often too painful, too embarrassing, or both. But a “set it and forget it” method for your finances is seriously hurting you and your funds.
Here’s 11 financial check-ups you can do in under 5 minutes. Try them this weekend, or when you have an extra moment on your commute.
Check your credit card statement for fraudulent charges
Calculate your net worth [assets - debts = net worth]
Login to your investment portfolio and see how your stocks are tracking
Increase your 401k contribution by 1%
Call your insurance company and negotiate a better rate
Research your market value (are you being underpaid? Here’s your ultimate guide to asking for a raise!)
Add up your discretionary spending from last month — can you cut back?
Take the $20 you would have spent on a dinner out, and add it to your loan payment
Research high-yield savings accounts or CDs
Download Trim, your personal finance assistant (get cashback on groceries and restaurants, and have Trim negotiate your cable bill!)
Got more ideas? How did these tips work for you? Comment below!
I get asked all the time: what are your favorite tools as a personal finance/career blogger?
These are platforms and tools I use on a daily basis — I could not run my business (or life!) without them, and hope you find them as useful as I do!
Airbnb: If you've never experienced Airbnb, I cannot recommend it enough. You feel like a local in the city, save money on expensive hotel rooms (by being able to cook your own food!), and always know your stuff is safe (bye, sketchy hostels!) Click here for $40 off your first stay!
Ebates: Gives you cash back on almost all your favorite stores, so whether you're buying business stuff (like a new desk chair from Office Depot) or makeup (hai Sephora) or those cute shoes (what up Macy's), you literally earn money on stuff you'd already buy. Click here for a $10 bonus!
Trim: You remember that time where I talked about how you should be negotiating all of your bills? (You should.) I know it's scary — that's where Trim comes in. Not only are they a perfect spending tracker and budgeting system (think Mint but on steroids!), they also will negotiate cable and phone bills FOR YOU. Click here for the free app!