Do you ever wonder what the most financially responsible people do to make themselves that way? What habits do they do daily? Well, I am here to let you in on their secrets of the things the most financially responsible people do daily.
Things The Most Financially Responsible People Do Daily
They go over their credit card transactions:
One thing that is important to do daily is look over your credit card transactions. If you are like me and put everything on a card and then pay it off each month depending on the day there can be a lot of transactions. But to be safe with your credit you want to look over these daily. This is a good way to make sure you don’t encounter any credit card fraud. Another way to do this is to set up alerts on your card. Any time any of my cards are used for a transaction I get an email. This way if there are transactions you are unaware of you know immediately and can figure out what to do.
They stick to budgets:
Sticking to budgets is so important! The more you stick to your budget the more money you can save and put towards debts. The most financially responsible people stick to their budgets. Regardless of how much they make, they make sure they are staying on track with budgeting and are aware of what they are spending daily. I have a BIG post coming up about this next week so be on the lookout! We personally use You Need A Budget.
They don’t spend money willy nilly:
By this I mean they don’t aimlessly shop online, or wander into stores and buy whatever. They think about their spending and financial decisions and don’t make rash decisions when it comes to money.
They make their own food/coffee:
This is the BIGGEST money suck. You may think $4 here and $8 here is nothing but it adds up. For example, if you buy a $5 coffee every morning that’s $35 a week, $140 a month, and over $1800 A YEAR! Just on coffee. Back in February, I bought a Nespresso and only make my coffee at home now and it’s saved SO MUCH MONEY and also time.
They are always learning:
A great way to do this is by listening to financial podcasts or maybe reading an article each day on finances. I love to subscribe to financial news and podcasts just to keep me informed. I think continually learning is so easy now with technology so there’s really no excuse to not do it.
They keep an eye on their credit score:
Financially responsible people keep an eye on their credit and make sure that they don’t have misinformation, derogatory remarks, etc. They do this to keep their credit score up and to also make sure they are staying on top of everything.
I talked to some of the most financially responsible people I know and truly these were the habits they do daily.
What is the most financially responsible thing you do every day?
This post was originally published in 2020 and has been updated for 2021.
One of my goals this year is to not only be more sustainable but make better economic decisions. Little things like budgeting and making food/coffee at home are so important for saving just a little bit extra money. Thank you for this post!
this is a great blog post. i struggle with saving money at times (i just really love clothes ok, haha), but every reason you had was valid! one reason that you mentioned that i am good about is making my own food and coffee!
Yes…I agree on making your own coffee. I LOVE stopping a getting a fun treat now and then from my local shops, but I really try to save money by making coffee at home!
The only thing I don’t do is check my credit card daily. But USAA is amazing at catching even the smallest thing out of the ordinary. I tend to check it every few days, once per week at a minimum. But otherwise, my husband and I do all of these for the most part.
I totally agree with you. Making your own food/ coffee makes a difference. It may be a small thing but I realized that food and coffee is taking a huge portion of my monthly budget. When I tried bringing my own lunch, I was really able to save.
I been trying to stick with my budget but end of the day i spend too far from my budget because i am a foodie i can’t keep track of expenses. i thing this will work , thank for sharing!!!
Some very useful tips for being budget conscious in our daily lives. One of the absolutely worst thing anyone can do is rack up credit card interest. I Always make sure I can pay off my bill without ever paying interest. Great tips! 🙂
It seems easy yet it’s not so easy, aye! I know my coffee at home is nicer than the coffee shop YET there’s something about buying it from the coffee shop, lol.
Thanks for the advice. We need to step back and think about all our choices that may really drain us financially and make smart decisions. And of course, drink coffee.
So true! Been trying to stick to my budget lately – this has to work! 🙂
Charmaine Ng | Architecture & Lifestyle Blog
http://charmainenyw.com
One of my goals this year is to not only be more sustainable but make better economic decisions. Little things like budgeting and making food/coffee at home are so important for saving just a little bit extra money. Thank you for this post!
xx Kate
http://simplybykate.com/
this is a great blog post. i struggle with saving money at times (i just really love clothes ok, haha), but every reason you had was valid! one reason that you mentioned that i am good about is making my own food and coffee!
Yes…I agree on making your own coffee. I LOVE stopping a getting a fun treat now and then from my local shops, but I really try to save money by making coffee at home!
Good budgeting can make all the difference and come in handy for later.
Very insightful to say the least, THANK YOU! The tips will for sure help and I do need as much help as possible.
The only thing I don’t do is check my credit card daily. But USAA is amazing at catching even the smallest thing out of the ordinary. I tend to check it every few days, once per week at a minimum. But otherwise, my husband and I do all of these for the most part.
I agree with all of this, especially always learning! This is an excellent spot on list of things the most financially responsible people do.
These are all great tips! We are working on cutting spending now, so this is very helpful to read!!
The coffee problem is something i’m guilty of too! I’m definitely trying to be more aware of needless tiny purchases because they really do add up!
Yes I hear you on all these things. Having tea and coffee while out and about can really add up for sure xx
Yes! I am glad to know about these! Thanks for keep sharing.
I totally agree with you. Making your own food/ coffee makes a difference. It may be a small thing but I realized that food and coffee is taking a huge portion of my monthly budget. When I tried bringing my own lunch, I was really able to save.
Hi,
This is such a great post and very important for me.
Thanks for the post.
I been trying to stick with my budget but end of the day i spend too far from my budget because i am a foodie i can’t keep track of expenses. i thing this will work , thank for sharing!!!
very nice article and nice tips to save money at all….
Some very useful tips for being budget conscious in our daily lives. One of the absolutely worst thing anyone can do is rack up credit card interest. I Always make sure I can pay off my bill without ever paying interest. Great tips! 🙂
This is really helpful! I’m always looking for ways to help me financially!
these are great habits to start and keep yourself on a strong financial track!
It seems easy yet it’s not so easy, aye! I know my coffee at home is nicer than the coffee shop YET there’s something about buying it from the coffee shop, lol.
Not dining out does save you cash. When I had financial problems, the first thing I cut out was spending money on outside food.
Thanks for the advice. We need to step back and think about all our choices that may really drain us financially and make smart decisions. And of course, drink coffee.
Great tips! I stick to a budget of $10 a day and it works.
Such a neat list! Definitely keeping an eye on my credit score