Feeling confident about your finances doesn’t require a complete overhaul. Small, consistent habits can make a big difference over time. Here are five money habits you can start today-no matter where you are on your financial journey:
Set up an automatic transfer to your savings account every payday-even if it’s just $25. Automating this step makes saving effortless and helps you build a cushion for emergencies or future goals.
💡Pro Tip: Set up a high-yield savings account with a different institution. Transferring the money back and forth will take 2-3 days, incentivizing you to save.
Spend 10 minutes each week reviewing your spending. Use an app or a simple spreadsheet. This habit boosts your awareness and helps you spot areas where you can cut back-or celebrate your progress!
Streaming services, apps, memberships-these can add up fast! Make it a habit to review your subscriptions once a month and cancel anything you’re not using. You might be surprised at how much you can save with just a few clicks.
Before making non-essential purchases, pause and ask yourself: “Do I really need this? Will it bring me lasting value? If so, do I need this now or can it wait?” This habit helps curb impulse buys and aligns your spending with your priorities.
Commit to expanding your financial knowledge. Read a blog (like this one!), listen to a podcast, or watch a short video on a topic you’re curious about. The more you learn, the more confident you’ll feel making decisions.
These habits are simple but powerful. Pick one to try this week and watch your financial confidence grow. For more tips, be sure to follow Galvez Financial on Facebook and LinkedIn!