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If you are looking to build up your savings account, the best move is to automate your savings.
As simple as it sounds, set it and forget it is the best way to remain consistent.
Automated savings provide consistency for your finances.
Consistency is not easily attained, when attempting to make behavioral change.
Inconsistent and sporadic decision makingrarely involves the opportunity to review and revise, Rice said.
This raises confidence and allows the development ofnew habits and behaviorsthat will help improve financial stability.
Rose suggested that everyone give a shot to set a no-spend day or week every month.
Implement Small Money Changes
New Years resolutions are meant to be big and bold.
Therefore, its better to start small and work your way up.
Financial change is best implemented in small steps that are realistic and attainable, Rice said.
As each goal is reached, it serves asmotivation and encouragementto move onto the next step.
Start with small changes.
Want to stop spending so much money eating out?
Try meal planning each week.
Want to buy a new car or home?
Create a financial plan toward a down payment.
Have recurring subscriptions you never use?
Figure out a way to cancel them.
For saving money on meals, Rose offered a few tips.
Build your meals aroundgrocery store sales and pantry itemsyou already have on hand.
Dont attempt to Keep Up With the Joneses
Keeping up with the Joneses is so 2024.
In 2025, all you’re gonna wanna keep up with is yourself and your family.
Rice said those two components a change inmindset and commitment are key to getting ahold of your finances.
Together, with practice, they help build confidence in ones ability and lead to consistency, Rice said.
In 2025, Rose explained that the key to a budget-friendly year is to keep it lowkey.
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