Your Calendar Will Help You To Save More Money! Here’s How to Save More Money This Year
Every day you will probably consult a common thing that will save you a lot of money. It can sit right on your desk, wall, or comfortably on your phone or laptop.
If you don’t know it yet, I mean a reliable calendar.
We have it all, whether in the form of an old paper copy or an application that can be edited and shared. Without a calendar, you can’t remember dates, important meetings, or social activities.
However, in addition to making our lives more orderly and productive, we can also use the calendar to save more of our hard-earned money.
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Use your calendar to create a budget
Do you have a monthly budget? If you don’t, you’re not alone. The Penny Hoarder survey found that more than 55% do not manage their money on a budget.
However, it is not too late to make a budget. And thanks to your calendar. After all, if you use an online budget calendar, you’ll have an overview of your spending, schedule savings reminders, and stay motivated to make milestones. So, for example, if you plan to save $1,000 in six months, you can book a cheap weekend stay to achieve this goal.
If you want to buy a new car or get rid of debt, then the budget is the way to do it. And with the Calendar app, it can help you with your budget like a pro.
To get started, create a recurring event for the first of the month. Then make sure you compare your spending with the goals you have set to see if it is over. If not, don’t be afraid to change your goals – or expenses – if they are too low or too high.
Set your expiration dates on your calendar
While credit card debt has increased during the pandemic in the past, 30-day delinquency has been steadily declining until the beginning of 2021. However, this does not deny the fact that the loss of any type of payment can have serious consequences.
This is usually a late fee of almost $ 25 to $ 45. That’s not much. However, if you are trying to save a lot of money, every dollar is important. The bigger problem, however, is that late payments can increase your interest rate, lower your credit score, and show your credit score for up to seven years.
Don’t worry about recurring fees, whether you pay manually or automatically. Keep this date on your calendar and set a reminder to ensure that these payments continue uninterrupted.
Plan your “no expenses” days.
There are days when you don’t even spend a crown, are there? Shocking, I know. But let’s say you work from home all day because you’re lucky to have a hybrid work schedule. This way, you don’t have to spend money on gasoline, Starbucks, or order food to eat. Instead, make your own coffee and make a salad of things in your fridge.
Of course, for most of us, it’s not day to day. Even if you don’t go to work, you can still spend a lot of money online – probably for things you don’t need.
The average American spends $ 18,000 a year unnecessarily.
To balance this, consider days “without spending”.
Your online calendar should have two types of days. For example, if you need to get out of the house, block out Friday afternoons for shopping, dinner, and maybe a movie. On Thursday and Saturday, slow down your expenses and look for free activities such as walking and preparing food at home.
Set reminders for free days
Many places offer some popular family attractions for free on certain days of the week, such as museums and aquariums. And on some days, such as Tuesday or Wednesday, theaters offer cheaper tickets and snacks.
Plus, you can usually save money at your favorite restaurants during the week.
To ensure that you take advantage of these offers, mark them on your calendar. Of course, you don’t have to share. But it at least gives you the opportunity to try to save money.
Add tasks to your calendar
In addition to billing refund dates, you should note your personal federal and state tax due dates for the coming year on your calendar. Add a reminder to file your taxes faster, than to wait for the last minute.
In addition, you should also schedule the following household items in your calendar;
Device warranty dates: Make a note of how long the warranty expires. Remind yourself to take advantage of the warranty before it expires.
Car maintenance and inspection dates: Make sure you have car maintenance and inspection dates on your calendar. Proper care of your car can prevent costly repairs.
Home Repair and Maintenance: As with your car, add home maintenance reminders such as HVAC and gutter cleaning to your calendar to keep your home in top condition.
Insurance: Check all your insurance policies, whether it’s your house, car, life, or tenants. It can’t hurt to know about this data in advance.
Also, be sure to schedule doctor’s visits and checkups. Staying healthy can prevent expensive medical bills while traveling.
Note when the free trial expires or set a subscription cancellation reminder!
You can take advantage of the free trial of Netflix because you have to watch a new Ryan Reynolds movie. However, if you will not be using Netflix after the trial period, please note to cancel the service before you are charged.
Or you might want to go to the gym, but you’d rather work from home. Instead of taking this money every month, cancel your membership.
Start Savings challenges
“Sure, everyone wants to have a lot of money available for their needs and desires, but the process of how to actually do it?” Lisa Rowan of Forbes asked. “It captures how you prepare for the activities you love or still eat the same food to save some money.”
“But changing the way you save money can inspire you to develop better habits as you watch your nest grow,” he added. Saving on the game, even if it is short, can increase your chances of saving money.
Many of the challenges in saving money have been going on for a long time, for example during the year. However, if you set a save resolution long after January 1, you can still initiate any save prompts if you want. And you need to rely on your calendar to keep track of your progress.
52-week challenge. When saving, add $ 1 a week every week, $ 2 every two weeks, and so on until you reach week 52: you’ll save $ 52.
The challenge is to save dollars. Set a goal to save one dollar a day. You can maintain this throughout the year and build your savings fund in a manageable way.
$ 20 challenge. Is saving $ 1 a day too easy for you? Save $ 20 every week all year long.
26-week challenge. Those who are paid weekly do so instead of a 52-week challenge. The savings are the same for the year but adjust to your two-week payment period.
Challenge $33.3. You only have 30 days to save $ 1,000. You may feel that you can do this better if you consider it for $ 33.33 per day.
Schedule appointments with your advisor
Make a regular appointment with a selected financial advisor on your calendar. A monthly meeting is enough for you to start. However, depending on your wishes and needs, the frequency may be adjusted in the future.
Be prepared to discuss your game plan with your advisor at each meeting by submitting your questions and ideas. For example, a financial advisor will ask you about your goals at the first meeting. In addition, your advisor will outline the initial plan and provide risk management advice in the next step.
Finally, meetings can focus on specific assets or how to spend a bonus, increase, or tax return.