Now that the New Year is near, you might find yourself slipping on some of your resolutions. Maybe you’ve already given up.
Just because New Year’s resolutions aren’t your cup of tea, there’s no reason to avoid setting financial goals. No matter the time of year, these are good to determine and achieve.
Here’s why setting financial goals can be a good idea:
It’s that time of the year again! With all the excitement, festivities, and of course food, the last thing you’re probably thinking about is the gym. Most of us intend on eating to our heart’s content this holiday season and waiting until January to deal with the aftermath. While that’s definitely a common approach, it might be worthwhile to start planning ahead now to get the best deals at the gym.
Once the new year arrives, people seem to turn to “get into shape” mode, which means hitting the gym. You definitely see the best deals at the end and beginning of the year so it’s best to be proactive and start thinking about the expense now. Here are some tips to get the best deals at the gym this new year:
Children around the world grew up playing Monopoly, and many more adults still get together for some friendly – and sometimes not so friendly – competition. But is there more to it than that? Is Monopoly more than a way to pass a few hours, and are there lessons we can take from a monocle-wearing millionaire, for use in our own personal finances?
Of course there are, because the history of Monopoly is rooted in the state of the global economy, with the game first being played to raise morale during the Great Depression because in Monopoly anyone could become a property mogul and a financial genius. Therefore it is important we learn the lessons Monopoly has to teach, and apply them to our own personal finances so that one day we can all wear monocles. I’ve outlined nine.
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From flights to hotels, everything related to travel is in high demand and consequently expensive during the holidays. This is why you should book these services months in advance of November and December.
Still, there are times when we’re forced to make last-minute travel plans during peak season. Luckily, it’s not impossible to save money on travel expenses when you book at the last minute.
Here are a few ways to make your money stretch a little farther if you’re frantically scrambling to put together your holiday itinerary.
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Unconscious thinking patterns are influencing our perspective and steering our actions even when we believe we’re making conscious, logical decisions. I sometimes find myself making self-sabotaging decisions and wondering whether something else is at play — what made me do that?!
The tendency to develop habits isn’t all bad. Habits provide structure and familiarity to our day and give our minds one less thing to think about. Being creatures of habit can also be downright good for us. After months of repetition, it’s the force of habit that gets us out of bed to work out, make healthier food choices, balance our budget at the end of the month, or set aside money in savings.
But it can also be bad. Kicking a bad habit — be it a personal, social, emotional, or financial — can be extremely difficult, especially the longer that habit has been in place. This is especially true if it’s rooted in a skewed thinking pattern. Habits of thinking spill over into the way we act and have both positive and negative implications for the way we handle our finances.
Previously, I’ve talked about some of the common money traps and money mindsets that can sabotage your best financial intentions, and I recently came across another one. It’s known as the recency effect (or bias).
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Fall is the time of year known for vibrant colors, crisp weather, pumpkin patches, and spiced cider — but it’s also known as the beginning of cold and flu season.
Whether you blame it on the changing weather patterns, the lack of daylight, or spending more time in close quarters with other people, getting sick can impact not just your health, but your wallet. Between missed work and medical costs, sickness gets expensive very quickly.
And sure, staying healthy (I’ll share some tips for that) is probably the cheapest option, but there are still ways to save money while you’re on the mend so more of your hard-earned money can go toward a holiday shopping fund, savings goal, or retirement account.
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