Get on a fast track to financial wellness with the 30 day financial wellness challenge.
In the next 30 days review and improve your relationship with money. Challenge is focused on positive financial actions and financial education.
After finishing this challenge you will be equipped with basic knowledge and tools to further improve your financial wellness.
30 Day Financial Wellness Challenge
Download a budget app to help you track your expenses and familiarize yourself with it. From this day on, use the app to record all of your expenses.
Write your financial plan. Divide your income into three categories: needs, savings and wants.
Today you can leave your wallet at home because it’s a no-spend day. And try not to cheat by buying more the day before (or after). You may need to get creative at meal times.
Today immerse yourself in the world of personal finances. Discover top 5 financial websites and subscribe to newsletter, bookmark them, follow them on social.
Buy a money book from a financial expert and read every day at least 1 page.
Define your long-term financial goals. Write them down and let them take roots in your brain.
Find a way to cut down your groceries. Plan your meals so you know exactly what you’ll need to buy.
Write an intensive best-case-scenario plan for paying off your debt.
Set up an emergency fund and make a plan for building it.
Today you can leave your wallet at home again, it’s a no-spend day.
Explore your options for a retirement fund. Find out as much as you can about all different options.
Read about money management from the websites you followed on day 4.
If you never learned it then it’s time to learn how to calculate percentage. If you already know it then spend some time reading about personal finances.
Find out where your money is leaking. On what valueless things are you spending that you could eliminate.
After exploring all options, set up a retirement fund. The longer you save in it, the more you’ll have when you’ll need it.
Read about investing from websites you follow
It’s a no spend day!
Write a saving plan for future large purchases.
Explore possibilities of making extra income.
Go through your bills and see where you can get a better quota.
Automate your savings so that funds go to your savings account without your interaction thus minimizing the chance of spending that money on unnecessary wants.
Find out what triggers you to emotional spending and set strategies to prevent it in the future.
Learn basic finance terms, understand them and remember them.
It’s a no-spend day again, you know the drill.
Sell everything you don’t use or need anymore.
Buy one more money book.
Automate your bills so you never accidentally miss a payment.
Learn how credit cards work.
Read and learn more about investing.
Sign up for financial literacy class. There are plenty of free options to get you started.