Managing your money doesn’t have to be tedious and time-consuming. For those prone to laziness, here’s a look at how one woman holds herself to a 2-minute rule to help her be smart with money. Learn how another woman saves 20% of her income here:
Making it work is brought to you by wealth simple which gives everyone access to simple affordable investing on cruise control in his book getting things done productivity consultant david allen writes about a two minute rule if it takes less than two minutes just go do it right now i’ve seen this applied to all sorts of things from managing email to household
Chores and for me it’s incredibly effective for managing money of course my rule isn’t that strict it’s really about just finding what works to motivate you to get necessary done done means my brain is clear of the mental load of remembering to do it procrastinating and guiltily remembering it again later there’s no action in that cycle for me just stress my
Two-minute rule helps me keep a handle on my day-to-day of finances without feeling like i’m spending all my time either obsessing over every dollar or avoiding tricky or money chores instead of saying okay i need to completely get into my finances budget that bear fight this overhaul my retirement call so-and-so and running out of time just by making the list i
Try to break things into bite-sized tasks that take me under two minutes to do so it’s the lazy person’s guide to money chores since they each takes such little time i can fit them into my day seamlessly i even do them odd times when i’m not doing much of anything like walking into work or on an elevator or when i’m giving my eyes and legs a computer break some of
Them are tasks i don’t even do regularly so every week or so when i check into my accounts i add on another little two-minute task this year i also stopped checking my email and social media when i grabbed my phone first thing in the morning and now i check in on my money instead it usually lowers stress to check my accounts in the morning because i generally know
What to expect plus it calibrates my mind to my financial goals first thing i can easily do these five things in well under two minutes each number one open my banking app in skim it to make sure everything looks normal i recently had a fraudulent charge reversed in less than eight hours because i caught it during a quick check and the charges were still pending
Since a lot of debit cards can hold you fully liable if you don’t report fraud promptly which to my bank means you have less than two days this lucky was a big wake-up call number to log into my budgeting app to do a net worth check and if you give a mouse a cookie she might want to take a look at the goals tab while she’s there if i know my bottom line number i
Know what i’m saving for where my dad is and what my priorities are or whether they’re changing number three pull up my budget spreadsheet even if i don’t work on my budget so later in the day i’m much more likely to spend a few minutes working on it if it’s already open i usually do a two week budget for each paycheck so i updated at least once a week but it’s
Easy to blow that off seriously my a+ laziness allowed me to constantly talk myself into avoiding it because i couldn’t be bothered to open a spreadsheet now it’s simply a part of my two-minute routine number four grab a calculator and see what an additional 1% to my retirement plan would mean for my take-home pay this is easy enough to google you can also punch
Your salary into a calculator multiply it by point zero one and divide by the number of pay periods in a year when it’s around the end of the year i go ahead and start whatever process is needed to make the bump up this could mean simply logging in and making the change myself which definitely takes less than two minutes if i remember my password since i started
Saving later on in life than i would have liked i like to check about halfway through the year to see if i can manage a second bump up to nerd bonus i also add the new amount into an online retirement calculator to rebel on how much more it can mean for me in 30-plus years number five change a password none of us do this often enough and i’m not thrilled and how
Often i rely on touch id to log in this week i used a few extra minutes at lunch to look into some online password keeper options when i started spreading all of these little tasks throughout my otherwise wasted downtime they started to feel less like chores i started doing them more often and more consistently now checking on my finances has become a habit i just
Do it in the background then i get to spend the rest of my time doing what i want real talk do it in the background is one of the best mantras for staying on top of your money without taking up too much of your time that’s why companies that wealth simple make investing so much easier for regular people wealth simple is online investing that’s as simple and human
As it gets in just five minutes they’ll build you a custom portfolio to fit your personal goals and timeline just answer a you easy questions and they’ll manage your money for you on autopilot set it forget it and let your money grow in the background you can turn on automatic deposits as well as set up a smart savings account with higher rates than big banks for
Your shorter term goals you’re writing your next great adventure or that handbag you need they also have a socially responsible portfolio that invests in grain stocks and companies that support gender diversity the fees are much lower than big banks and tft viewers get a $50 cash bonus for getting started check them out at web template comm slash tfd or use the
Link in our description there are no account minimums and it only takes a few minutes to start no excuses
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The 5 Daily 2-Minute Tasks That Made Me Good With Money | Making it Work By The Financial Diet
