Skip to main content

Top 5 Money Tips to Start Your Week

Many people truly dread Mondays, because they think about looming deadlines and impending meetings. And what-- how did 50 more emails magically in appeared my work inbox since Friday? You can take control of your Monday blues by using these 5 money tips to feel good about the coming week!

1. Make Monday a “no spend day”
Accomplishing a challenge can release powerful, feel-good endorphins and this one is no different. If you meal prep on Sundays, this should make things easier. On Monday, make and eat breakfast at home. This'll allow you to seize the day with confidence. Then use the tips below to make quick work of this challenge! If Monday isn’t doable, challenge yourself to do a “no spend day” another day during the week.

2. Try a new money-saving app
Have you heard of the Ritual app? Ritual is touted as a "social ordering" app that allows users to place meal pickups at many local restaurants in Manhattan. I love Ritual because it’s user-friendly, there’s a reward aspect, and most importantly zero menu price markups (looking at you, *insert name of nearly every other food/delivery app*)! Click my referral link to get $10 to use on your first Ritual purchase.

3. 48-Hour purchase rule
It’s easy to get trigger-friendly when you’re online shopping - especially if you’re bored or stressed out at work. The best way to save your wallet is delayed gratification. Don’t buy anything online unless you give it a full 48 hours of mulling it out. After two days, you may find out that you didn’t want to make that impulse buy after all. If it’s something you still want and it’s within budget, go for it. If you’re lucky, the price might've dropped since your last add to cart.

4. Drink water
Yes, this is a money tip! Instead of going out and buying a $5 coffee, how about heading to the nearest water fountain to get a drink of water instead? If you don’t like the plain taste of water, considering making tea or jazzing your water up with homemade fruit slices or a squirt of lemon or lime (bottled ones work fine, too). It helps to keep a pretty water bottle or your fav mug at your desk so you'd actually want to use it. And bring your favorite tea pouches or loose leaf tea to work and you’ll definitely make some new tea-loving friends in the office.

5. Take 5mins to record last week’s spending
Taking inventory of your money is something I mentioned in my Money Mastery blog series. Monday is a good day to log your cash expenses while the purchases are still fresh in your head. Use the method that works best for you- pen and paper, Excel, or an app. As long as you track consistently, you can assess if you’re within budget and making good decisions with your money.

Enjoy your week, and I’ll see you next time!

Comments

Popular posts from this blog

Money Diary #004 - March in Review

Looking back at March, I remember a general vibe of awesome-ness. My personal wins included: family time, volunteering, a great performance review at work, and successfully using my Plastiq tuition hack. Last but not least, I spent under $8 for 12 filling meals in Manhattan, via the Ritual app (more deets below. It's like I hit the lottery!) Are the money voyeurs out there early anticipating this every month? Who knows, but here we go.
Here's where I landed in March (numbers rounded for simplicity): 


Top highlights for this month by bucket:
1. Grad School Savings & Payments
     - $5,280, Tuition payment 3 of 3. So ends my installments for tuition for now.
     - $120, Plastiq's 2.5% fee for payment via credit card.

Although it appears way over budget this month, I am ecstatic that my grad school accepted the check that Plastiq cut and mailed to them last month. No news is good news, and I didn't hear a peep from the bursar's office. Now that I know for sure the…

Money Diary #003 - February in Review

Time passes by so quickly when we don't expect it to! In January, I was heads down taking two grad classes during the winter session. It was a struggle doing presentations and papers, but I am paying so much for grad school the hustle has to be #worthit. Plus read more below about how I also hacked my tuition payment by using a credit card (yeee yeee).

Right after winter session ended, I spent a family weekend in Atlanta, coinciding perfectly with Black History Month. Then Valentine’s Day came and went, and I went on an annual ski/board trip with friends. I thought that with all my traveling, I would be massively over budget- but surprisingly, I didn’t do too bad! My major expense in Feb? Still grad school, by far.

Here's where I landed in February (numbers rounded for simplicity):



Highlights by Bucket:
1. Grad School Savings & Payments
     - $5,290, Tuition payment 2 of 3.
     - $132.25, Plastiq's 2.5% fee for payment via credit card

Last month I shed a single tear …

MMD's May 2019 Money Moves

Time stops for no one. Thus, another month is over. Here's my top money moves for May!

1. Assess new budget/financial trackers (Bye bye, Mint?).
     Last week, I saw major changes in Mint's mobile app layout that drastically reduces the effective everything-at-a-glance nature that the tool used to give me. Now, each section (account totals, budget, cash flow) is separated out into swipe left icons. No. No. No. Recent reviews on Google Play emphasize how much the new app sucks, but bad reviews are not as visible on the App Store for whatever reason. 🤷
     In my first Money Mastery post, I not so casually threw out there that I've used Mint for over 2,700 days. I've used Mint when I was spending under $300/month as a student living at home to being a kickass adult buying my first home and deploying grad school tuition hacks. With 7 years of Mint usage under my belt, I know that it'll be hard to switch to something new, but it may very well be time to do so. I am g…




   Follow @moneymicdrop on Instagram