![]() “The soaring prices of energy lead to people’s increasing living costs,” Cooper pointed out. “Instead, seek more affordable activities such as outdoor activities, video games, free museums etc.,” he suggested. Now, it might be time to opt for cheaper fun to save some cash. Search for Cheap EntertainmentĬooper said that after the pandemic, people spent more on entertainment to make up for lost time. Switching for a better rate can earn households $2,029 annually, on average, for free,” he said. currently pays less than 0.5% interest, while market-leading rates are as high as 5.26%. If you have some cash building up in savings, McLaughlin suggested moving it to an account that pays you more interest, like a high-yield savings account. If you can, switch to a bank that doesn’t charge these types of fees, or download an app that helps you keep track of what you’re spending so you don’t encounter them. “On average, Americans are charged $133 on ATM fees and $300 on bank account fees like maintenance charges, withdrawal and transfer fees, and falling below minimum account thresholds.” McLaughlin said that those small costs at the ATM could be the reason you’re blowing your budget. And make smarter choices in other areas.” Eliminate Unnecessary Finance Fees “Instead of saying, ‘I’m never going to go to a coffee shop or eat at a restaurant ever again,’ take stock of what small luxuries are essential to you and enjoy them. “When we set unrealistic expectations for saving, we get discouraged and can go completely off track when we fail,” he said. president at Raisin, said it’s important to trim the fat where you can. ![]() You don’t have to completely nix any takeout or coffee luxuries from your budget. Doing this could save you hundreds a year.įind: 5 Ways To Earn at Least 5% APY on Your Money (Without Using the Stock Market) Cut Down on Takeout Expenses ![]() You can download budgeting apps that identify every service you’re paying for to get a full picture of your finances, then decide which ones you want to cancel from there. “It is necessary for people to check their unused subscriptions,” he said. It also motivated them to keep up the game even after the time period ended, because they liked the winning feeling they got from getting creative.” Cancel Unused SubscriptionsĪndy Cooper, money-saving expert at CouponBirds, cited a Self survey that said the average monthly value of unused paid subscriptions is $25.34. The shorter term made it feel like a fun challenge rather than an impossible burden. “In other words, using points or gift cards or special offers - but only for the month of January. “For example, one couple made it a game to only eat out if it’s free,” Redfern said. Instead, try to make it into a “sprint” by gamifying it. Laura Redfern, Certified Financial Planner and Certified Financial Transitionist at Shadowridge Asset Management, LLC, said that thinking of money management as a long-term practice can feel daunting. Sponsored: Owe the IRS $10K or more? Schedule a FREE consultation to see if you qualify for tax relief. GOBankingRates spoke with financial experts to gather the best advice for millennials looking to get on top of their finances in 2024. I’m a Financial Advisor: 10 Most Awesome Things You Can Do for Your Finances in 2024 Or, they just might be trying to save more money than they did last year.Įxperts: Make These 7 Money Resolutions If You Want To Become Rich on an Average Salary This demographic might be trying to buy a house for the first time or find better ways to pay it off. In 2024, millennials will fall between the ages of 28 and 43. If you’re having trouble printing or editing one of our printables, click here for help.If you’re a millennial, you likely have some financial goals you want to reach this year. ![]() Many web browsers have their own built-in PDF viewers, but they tend to be buggy. Just set your printer to print double-sided pages, and check the box next to “flip on the short side.” Then, print a test page to make sure everything looks right. You can even print my weekly planner, and use the two together. Use an 8.5″ x 5.5″ mini binder to hold your password organizer, or add it to the back of your weekly planner. Out of spots in the “S” section? Just print more pages, and add them. It has room to record all the important details – usernames, passwords, account numbers, email addresses – all that junk that you’re tired of storing in your head.Īnd unlike a store-bought password notebook, it’s easy to expand. Going crazy trying to keep up with the passwords for a million and one different websites and apps? Use my free, printable password organizer to get a handle on things.
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