We’re all on a time crunch, right? Especially around the holidays. Folks want to improve their finances, but they think they must spend ages doing it. The trick is to do what you can with what you have.
If you only have 5 minutes, 15 minutes or 30 minutes, then guess what! You have enough time to tweak how you manage money for the better. Take a look at some quick tasks you can check off your list today.
(Psst! I’ll add to this list over time, so be sure to check back from time to time.)
5-Minute Money Moves
- Remove your debit or credit card information from your favorite retailers’ sites. Yep! Dump Easy Pay. Why? Having your payment information already on the checkout page makes it too easy to part with your money. You’ll think harder about purchases when you have to type in that 12-digit card number, security code and billing address each time.
- Straighten out your wallet. File or discard receipts, collect loose change and organize your dollar bills. Marie Forleo, life coach and author, used to wash and iron her bills. Now she just makes sure they lie flat and face the same direction by denomination ($5 with $5, and so on). “You might think this is silly,” she says in a YouTube video, “but keeping my money tight and right is a sign of reverence and respect—respect for myself, for the money that comes into my life and for the money that flows out of my life. I feel like I’m being a good steward of my money for the time that it is with me.”
Download the Strides or HabitShare app and set up 1 or 2 habits or goals you want to achieve. Don’t spend your WHOLE 5 minutes in the app store trying to decide on which habit tracker to get right now. DON’T DO IT! You can get another app later. Right now, just act on creating a habit goal in the app ASAP, set a start date and an end date, if applicable (i.e. save $3,000 by mid-July). Then you’ll start getting alerts to keep you on task. What get’s measured, grows or fortifies. Work those habit muscles!
Write down a financial or life goal and put it in your wallet. If you see your goal, you might be prompted to put back that shirt, bottle of wine or the 20 $1 Target items you don’t need. Love-hate you, Target! 😉
- List free or low-cost activities you love doing or want to try. This list with definitely come in handy during a No-Spend Challenge. When you’re bored, you can look at this list, pick an activity and already know that you’re not gonna break the bank. Mark certain activities you can do when you’re sad or stressed. If you feel yourself about to indulge in a bad habit like unnecessary shopping or binge-eating, refer to your list. Here are 103 ideas for free things to do. Your list could include:
- walking in the park
- hitting up a museum
- visiting the library
- seeing a community theatre performance
- reorganizing your closet
- dancing in your living room to music on Spotify or YourTube
- drawing or painting
- playing cards or a board game
- listening to a podcast
- baking cookies