Do you want to grow your net worth, get on track for retirement, or get out of debt?
Skip the New Year’s Resolutions then; they don’t work.
We tend to give up by “New Year’s Resolution Ditch Day.” In 2019, that’s Thursday, January 17th, not even three weeks into the new year.
The problem with setting a really high bar for changing any behavior is everything falls apart in a few weeks and we’re back to our old ways.
- We took no action
- We accomplished nothing
- We wasted our time
Worst of all, we end up feeling defeated.
This year, let’s do the opposite with our money goals.
Make tiny money tweaks.
Instead of attempting to make a big bold change in a money habit, let’s make seemingly insignificant tweaks to what we are already doing.
Here’s the challenge:
This month, make twelve tiny changes to your finances.
Choose ones that are so ridiculously easy, you don’t feel any stress about doing them.
These tiny tweaks set up a chain reaction of change in your financial life. Small effortless changes become big bold money moves.
- We took action. Not just one action, but many.
- We accomplished a lot. The changes stuck.
- We used our time wisely because it worked.
Best of all, we grew our net worth and set up automated systems that will be in place for years to come; actions that will have a lasting impact.
Take the 12 Tiny Tweaks Money Challenge.
My husband and I are taking on a challenge this month to make twelve tiny tweaks to our finances. Join us for the challenge!
Here are some tiny money tweak examples:
- Set up an automatic transfer from your checking account to your savings account to hit the day after you get paid every month. Choose an amount that is ridiculously easy for you — an amount you won’t even notice. The dollar amount isn’t as important as setting up the automated investment. Increase it later.
- Cancel a recurring expense for a service you don’t really need. Go through your bank account or credit card record to see what you use and what you don’t. Make a small move such as canceling the paid version of Pandora and go with the free version (listen to commercials!)
- Look at your credit card statement and review your transactions for mistakes.
- Go through your freezer and plan your meals for the week. Use what you have and save money on groceries.
- Sell something on your neighborhood Facebook page, Craig’s list or Ebay. Use the money to pay down a credit card or make a car payment.
You get the picture.
One of these tiny money tweaks by itself is insignificant. Taken together they are a powerful way to grow your net worth.
By the end of the challenge, you have:
Saved money by using things you already have
Made more by selling what you don’t use
Reduced expenses by canceling a service (or two)
Set yourself up for success by automating your savings and investing
For some tiny money move ideas, check out this post!
Most importantly, you have grown your net worth easily because change came easily.
What tiny money tweak will you do first?