by Chelsea Springli 
Financial tasks often get pushed to the bottom of the to-do list. Dealing with finances can feel overwhelming, stressful, and time-consuming. But the smallest tasks can have a positive effect on your financial life. So, we’re listing 5 ways you can improve your finances in 10 minutes or less.
1. Make Updating Your Budget a Habit
Whether you use a spreadsheet or budget app like Mint or Goodbudget, the first order of business is to set your budget to start at the beginning of every month. Then make a habit of entering your purchases every day. Daily entries may be a pain at first, but once it becomes routine, it’ll help you stay on track and in the budget mindset.
2. Consolidate Your Credit Card Debt
Burdened by credit card debt? You may want to enlist the help of debt consolidation. By consolidating multiple credit card balances into one, you can simplify your repayments, get a lower interest rate, and save on monthly payments. Check out our free Debt Consolidation Calculator to start seeing how much you could be saving by doing a balance transfer.
3. Scan Your Statements
It’s a smart idea to regularly give your bank and credit card statements and accounts a quick review. You’ll want to look for any unauthorized purchases and contact the credit union or card issuer immediately if you catch any fraudulent or suspicious activity. Occasionally try and review your purchases to see if there are any areas that you can cut back on.
4. Set Up Your Digital Wallet
Turn your phone into your wallet by uploading your debit or credit card to your smartphone to store your payment information. To curb overspending, only keep your debit card in your digital wallet. This way, you know every time you wave your phone above the reader, money is directly leaving your account which may make you more accountable for your spending. Learn how to set up your digital wallet.
5. Give Your Child(ren) 10-Minute Money Lessons
Teaching your kids about money at an early age will help them to better understand what it means to be financially responsible. One of the best ways to teach your child about finances is to provide a real-world learning experience. Opening a kids savings account can help your child learn basic money management skills firsthand and promote positive financial habits. Alltru offers youth savings accounts with fun rewards and prizes all year long.
Small changes can make a big difference in your spending habits, finances, and overall money management. As they say, small victories lead to big rewards!
Until Next Time,
Chelsea Springli
