We often associate certain days of the week with particular activities. For example, Monday is generally considered the start of the work week. Perhaps Wednesday is the night your favorite show airs on TV, while Friday — well, thank goodness it’s Friday.
When it comes to our personal finances, we should consider following the same trend of associating days with various activities. Each day of the week offers an opportunity to save money or improve our finances. They key is to be aware of how to save money by knowing what steps to take on which day. Here are some tips to save money each day of the week.
Monday: Set the Tone for the Week
On Monday, you can set the tone for the week, helping to determine if you stick to your spending plan for the remaining days, said Tom Corley, author of the bestselling book, “Rich Habits: The Daily Success Habits of Wealthy Individuals.” For example, if you promised yourself that you would drink coffee from home and pack lunches to save money, you need to make it a habit starting on the first day of the week.
“The way to turn this into a habit is to make your five brown bag lunches the night before,” Corley said. “Those brown bags will then act as a trigger, reminding you to make your own coffee.”
You could even take it a step further and make Monday a no-spending day to start your week off on the right financial foot. Mark the day on your calendar and set up an alert, so you’ll get an email or message on your smartphone every Monday reminding you not to spend any money that day.
- Tuesday: Get a Deal on a Flight
- Wednesday: Save Money on Groceries
- Thursday: Sell Stocks
- Friday: Build Your Savings
- Saturday: Get Deals on Apparel
- Sunday: Review Your Spending
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