I can feel it: 2016 is going to be the year you finally get on top of your finances.
But where should you start?
Don’t lie on the couch and eat ice cream. Take action with this smart 14-day financial plan from Business Insider.
“#BIBetterMoney is a 14-day self-improvement plan designed for the busy professional, featuring a simple task a day for two weeks to help you take control of your money,” explains personal finance editor Libby Kane.
I read it, I liked it and I’m going to try it. If you want to join me, keep reading…
Clean Up Your Money Mess in 2 Weeks
With simple, easy-to-understand explanations, #BIBetterMoney lists 14 personal finance tasks you can complete over the next two weeks.
Though you should read the full post for all the details, here are a few that resonated with me:
Day 3: Add Up Your Debt
How are you going to figure out how to pay down your debt if you don’t know how much you have?
Take 20 minutes one day to track down all your debt, then input each loan and credit card into a free app like Mint — so you’ll always know exactly what you owe.
Day 5: Decide What You’re Saving For
Many people skip this oh-so-important step when it comes to their savings.
You’ll never be successful at saving — rather than spending — money if you don’t know what you’re going to use it for.
Day 7: Make Saving Automatic
This step has been H-U-G-E for me.
I didn’t save a dime before I set up automatic withdrawals from my checking account into my retirement fund.
Now, I save each month and don’t even notice the money is gone. Two other awesome tools are Acorns and Digit.
Start small, but be consistent. You’ll be surprised at how quickly your savings grow!
Day 8: Find One Way to Earn More
You know we’re all about earning more (and not just spending less) here at The Penny Hoarder.
Ever since I was young, I’ve had a side gig in addition to my regular job.
It’s a new year — don’t wait any longer to take control of your money.
Click here to read the whole #BIBetterMoney plan and improve your finances in 2016!
Your Turn: Are you going to participate in #BIBetterMoney?
Susan Shain, senior writer for The Penny Hoarder, is always seeking adventure on a budget. Visit her blog at susanshain.com, or say hi on Twitter @susan_shain.