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Make January a clean sweep!
January 21, 2020
The new year is a great time to review any monthly or yearly subscriptions / memberships you have that may be eating away at your money. Go through your subscriptions and see if there are any that aren’t important to you or that you no longer use.
Popular subscriptions and memberships to consider are:
- Gym memberships
- Magazine subscriptions
- Apple music
- Subscription boxes (food, clothes, makeup, etc.)
While you’re at it, take a look at your last couple bank statements and see if you can reduce some of your monthly bills. This could include things such as:
- Cell phone
Check to see if there are student discount rates available for the things you do want to keep! These monthly costs may seem small but they can really add up over time.
Ring in the new year with a financial resolution!
January 7, 2020
It’s a new year, so why not start it off right by setting a financial goal for 2020? You can make your goal a reality this year, or at least get closer to accomplishing it, by making sure it is SMART.
- Specific: Define your goal carefully, including the total cost.
- Measurable: Break down your goal into monthly milestones and a monthly cost. This will help keep you on track. Or you could even set weekly goals. The easier it is to track, the better.
- Achievable: Look at your current budget and see where you can cut other costs so you can afford to put money away for this new goal each month.
- Realistic: If your goal isn’t realistic, it’s very unlikely you will stick with it. Consider all the aspects of your goal that impact the practicality of it, including time of year and unexpected expenses.
- Timely: Give yourself enough time to reach your goal so you aren’t stressed, but don’t make it too easy. You may not need as much time as you initially think.
For more information on setting SMART financial goals check out this website.