Yes, It’s Time For Your FINANCIAL RESET
This year, I’ve been slow to tackle my goals, but one thing I always prioritize early on is a mini financial reset. Small daily habits can have a BIG impact on your financial health, and regular check-ins help avoid any unpleasant surprises when you log into your bank account. 😅
Not sure where to begin? Here are 4 simple ways to refresh your finances for the year ahead:
1. Declutter Your Bank Accounts (Cancel Unused Subscriptions)
Take a close look at your recent transactions to identify recurring charges. With subscriptions for everything these days (seriously, EVERYTHING 😅), it’s important to be intentional about what you’re paying for. If you’re not getting full value from a service, cancel it — you can always re-subscribe later if needed.
Pro tip: Need extra motivation for hitting the cancel button? Calculate your savings annually….a $10.99/month subscription adds up to $131 of savings a year!
2. Automate Your Savings
Make saving a no-brainer by automating them. Set up a personal “payday formula” where a percentage of your income is automatically allocated to bills, savings, and important categories like groceries or entertainment. This simple system ensures you’re always making progress toward your financial goals, without overthinking it!
Pro tip: Set up different bank accounts for each big category of your payday formula to make keeping track of everything easier.
3. Try a "No-Spend Week" Challenge
Challenge yourself to spend nothing on non-essentials for a week. This challenge is an opportunity to rediscover joy in the things you already have:
Tackle a DIY project.
Try a new outfit combo.
Cook a creative meal with pantry staples.
Finally read that book you’ve been meaning to get to.
Pro tip: Track small wins and celebrate every time you resist a purchase. Any progress is progress!
4. Get Clear on Joyful Spending
While decluttering subscriptions, take a moment to reflect on how you’re spending overall. Which purchases truly spark joy (e.g., hobbies, experiences)? Which feels wasteful?
Understanding what adds real value to your life can help you make more intentional spending decisions. Before any impulse buy, ask yourself: Does this align with what brings me joy?
Pro tip: Allocate a “fun fund” in your payday formula for guilt-free indulgences for the things that DO spark joy.
I know money talk can be scary, but hopefully these tips will help you discover the exciting-side to getting serious about your finances! You should feel proud of any step you take towards developing a healthier relationship with money — go you!
