Every dollar needs a category - Deepstash
Beat Procrastination

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Beat Procrastination

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Every dollar needs a category

Assign your money into a savings category in order to be prepared for both expected and unexpected expenses.

Some saving category ideas:

  • Emergency funds
  • Retirement savings
  • Fun money.

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Declutter daily

Managing your finances should be a daily habit. Make it a part of your daily routine to log into your bank account, check your balances, and look over your purchases.

This will not only help you keep track of your money but you'll also be able to keep yourself updated as to what your mone...

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110 reads

Finance management decluttering is a journey

Both minimalism and budgetary wellbeing require standard upkeeps.

Neither process is easy to work and it is something that requires constant attention.

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Identify what matters to you

Identify what matters to you

Managing your finances and budgeting is all about removing the unnecessary so that only the essentials remain, similar to minimalism.

Other than financial necessities, in order to easily manage our finances, we must identify the purchases that matter to us because it's eas...

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204 reads

Start with easy-to-declutter items

Remove the daily, weekly, or monthly purchases that are not important to you or that you simply will not miss such as that extra charge in your phone plan or your gym membership subscription.

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Declutter first, organize second

You should never force yourself into a tracking system for your spending habits without examining your purchases and purging those that aren't working for you.

Even if you track your spending but you spend more than what you can afford, you're only giving yourself a false sense of progress...

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164 reads

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aubbrrey

Keep your friends close and your enemies closer!

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Allocating expenses

The most common buckets are:

  • Expenses, or your needs: housing, food, transportation, clothing, insurance, childcare,  etc.
  • Debt - monthly debt obligations: personal loan, student loan, auto loan, and credit card payments etc.
  • Savings, including fund...

How to Save Right for Retirement

How to Save Right for Retirement

  • Start Saving ASAP. Money you put in your retirement fund now will have more time to grow through compound growth.
  • Avoid cashing out your retirement account early as it prevents your money from being invested and leads to penalties and tax bills.
  • Contribute mo...

Saving Tips For All Types

After you have figured out your financial personality, here are a few tips to save money:

  • Big Spenders need to consider fun alternatives to the high-purchases with things that cost little but bring real quality and happiness and lead to savings.
  • Savers need to start living t...

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