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Habits to "Fall" Into

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Published: Oct 22, 2018

Good Financial Habits to "Fall" Into

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Good Financial Habits to “Fall” Into


Fall is officially here — as the days get shorter, the temperature gets cooler, and the leaves begin to change, it’s a great time to check back in on those New Year’s resolutions that you set in January. If you haven’t made as much progress as you would’ve liked, that’s okay, it’s not too late to start. We’ve got a few tips to increase your chances of success with those financial goals going forward. 


Track spending


Make it a habit to keep track of your spending, whether it’s with a mobile app, check register, spreadsheet, or some other method, find out what works for you and commit to it. 


Checking in on your spending regularly will ensure that you are on track with your budget and if you’re not, it will help you determine where you can cut costs.  Making this a habit will allow you to determine where in your budget you are overspending and potentially able to save some money. 


Pay yourself first


After paying your bills each month, allocate a set dollar amount or percentage of your paycheck to be transferred to your personal savings account. Ensuring that you are “paying yourself” will guarantee that you are building up your savings account and your future self will definitely thank you. It’s all too easy to pay for the things you need, like rent, utilities, and groceries, and then spend the rest of your money on things that you want in the moment, but you’ll never reach your long-term goals if you don’t think about the future. 


Comparison shop

Whether you’re shopping for groceries, insurance, a new car, or something else, comparison shopping will help you determine the best product for the price. It will most likely take some research, consider making a pros and cons list and including details like price and reviews of the product from other shoppers that bought the product before you. 


Additionally, realize that sometimes it is worth spending a little more to get a quality product that will last long term. However on the flipside, know that just because something costs more, doesn’t mean it’s always worth the higher price tag.