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!