What’s one money habit you love about yourself?

Coach Natalie

In the spirit of Valentine’s Day, let’s show a little love to ourselves. 💙 What’s one money habit you love about yourself?

I’ll go first! One money habit I love about myself is saving. When I have extra money, I tend to think of it as something to tuck away rather than spend. I don’t always have a specific goal in mind, but I’ve found myself really enjoying adding to my savings each month.

Coach Kristina

I got into the habit of "paying myself first" by transferring a set amount of every paycheck to savings and to my investment account. Setting that money aside has helped me to cut back on impulse spending, and just knowing that the money is there if needed relieves a lot of financial worries.

SRC54

I hate to sound like a broken record but mine is similar. I transfer what I have left over each month in the Spending Plan to Savings.

I do this by having a certain balance I want to keep in the main checking account and on the last day of the month when we get paid, I transfer the amount above that to Savings.

It's not exactly the amount left over in the Spending Plan because some that was interest and dividends already deposited into those respective accounts.

DryHeat

I use some fairly detailed financial planning software to sketch out my probable financial situation year by year over the coming years.

Every January I take stock of the previous year and compare it to what I had planned. Then I revise my inputs to the plan based on my current situation and sketch out a new set of projections .

This yearly process allows me not only to plan for the future but also to assess how well my previous "future" plans have corresponded to reality.

RobWilk

One money habit I've come to love is that, when I need to, I can scale back my spending. This can be toward paying down previous spending (debt, loans), or putting money into savings — or, right now, I'm doing both quite effectively (paying down debt while putting a couple hundred each month into two separate savings accounts). One of those savings accounts isn't 'really' savings, it's just don't spend on debt money, the other savings account is going to be my emergency fund if I wind up needing money for unexpected living expense changes.

-Rob