When it comes to financial goals we tend to go big under the misconception that the higher it is, the more impact it will have.
However, it is often the little details that make a big difference. Not only because of what they say that every euro counts, but also because the more tangible your goal is, the more likely it is that you will achieve it. Setting unrealistic goals will only cause you to become frustrated for not achieving them and you will end up throwing in the towel.
Therefore, today we bring you a list of 10 things you can do to improve your finances in less than an hour . These are small changes that will really impact your bank account every month.
Seeing progress after spending just 60 minutes on something is really motivating, and will lead you to set your next goal. Let’s see what they are:
Change banks : The interest associated with your bank account can end up being a great expense. Take an hour to find out what fees your bank charges you and look for better deals. Switching from one entity to another is a very simple way to save money every month.’
Reduce the rate on your credit card : If you are a good customer, it is very likely that you can negotiate with your bank to reduce the interest rate associated with your credit card.
Open a savings account and schedule an automatic transfer every month : Today we can do almost all the procedures with the online bank, so you can open a savings account and schedule a transfer so that every month, automatically , you transfer part of your salary to said deposit.
Compare your insurance with other providers : Use a comparator to see if you could reduce the rate you pay for your insurance, be it home, health or your vehicle.
Reduce your monthly bills : Just as you can use a comparator to find the best deals on insurance, you can also do it to reduce your home bills . In the case of your mobile phone or Internet provider, it is probably enough to tell them that you are switching to another company where they have made you a better offer to get it. If they don’t accept, switch to the provider that offers you the best price.
Unsubscribe from the subscriptions you no longer use : Review all the monthly subscriptions you pay and ask yourself when was the last time you used the service and how often you do it. It may be less important than you think.
Learn something new : Understanding money will help you save it. Take an hour to learn something new about finance .
Prepare a plan for your retirement : The peace of mind that having a plan for the future will give you is priceless. Open a pension plan or a savings account for your retirement – assess the advantages and disadvantages of the pension plan – and start contributing what you can today. The sooner you start the better.
Identify what you spend most of your money on : ” I don’t know what I spend all the money on, ” surely you’ve said this at some time. We all have some weakness in which we spend a lot of our money (without it being really necessary). Whether it’s eating out, buying clothes or spending the day on Amazon. Identify a habit that is costing you and prepare a plan to reduce it.