Let’s be honest, we could all be better with money. And I don’t know about you, but one of my biggest goals in 2020 is to be better at money. So, here are 20 things that I suggest we all do to make the best of our money in 2020:
Ways to Be Better With Money in 2020
1. Read a Money Book: Books are a great way to learn something new or refresh your knowledge on something you already know. I suggest you check out a book like You Are A Badass At Making Money by Jen Sincero, it just might change your life.
2. Expand Your Income Streams: Multiple income streams is where it’s at. Don’t rely on one income stream to carry your whole load, diversify this year.
3. Build a Budget: Like actually build a budget, don’t just think about it. Thinking and doing are two very different things.
4. Start Your Emergency Fund: We both know you haven’t yet and it’s definitely time. Start small, grow big.
5. Go After That Side Hustle: We both know you want to… 2020 is a great year to take a chance on that side hustle that you’ve had the idea for for the last few years. Why not, right?
6. Save Your Change: I saved $600 without realizing it by using an app to save my change. I would highly recommend you look into this.
7. Check Your Bank Account: Don’t be afraid to check in on your bank account balance regularly. Seriously, like several times each week… I check in daily, mostly because I’m teaching myself that it’s better to look and know.
8. Don’t Make Big Purchases on a Whim (Or Any): I have a pretty strict 72+ hour rule when making almost any purchase. If I’m surviving without it right now, chances are I can sleep on it for a day or two before actually handing over the cash.
9. Ask for a Raise (Or Give Yourself One): It’s probably time. When’s the last time you got a raise or thought to ask for one. In fact, go for the promotion this year. Seriously, it’s only opportunity!
10. Review Your Credit Card Regularly: I suggest weekly or bi-weekly. You essentially just want to make sure that all of the transactions on there were made by you and not… someone else.
11. Go Prime: I’m a huge fan of Amazon Prime because I can find a ton of things for cheaper than I’d find them in the store. I fill up my cart throughout the week and send one order in at the end. Voila, delivery!
12. Check Your Points Card: If you have a points card, check in and see where you are. If you don’t have one, seriously consider getting one.
13. Set Some Legitimate Financial Goals: You can’t go anywhere if you have no plans for where you want to go.
14. Pay Yourself First: You work hard for your money, make sure some of it actually goes to you and not just your bills.
15. Cancel Your Cable: Come on, you don’t need it!
How do you want to be better with money in 2020? Share your tips in the comments below!
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Tae started out as a journalist before following the money into the corporate world. But it turns out that the grass isn’t always greener and now you can find her spending most of her time writing about all the things she loves. Namely, money, travel and business with a hefty dose of self-deprecating humor. She is a podcast fanatic, blogging aficionado and loves to find new ways to turn passions into cold hard cash!