4 Smart and Easy Money Moves To Do This Week

3 min read
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Want to see your savings grow? If you want more money 1, 2, or 10 years from now, shorter deadlines will work better.

And every item on your financial to-do list MUST be automatic (set it and forget it).

Here are 4 things to put on your to-do list for this week:

  1. Increase your 401(k) contribution. Make sure you are contributing at least as much as your employer is matching. If you can add more, even better. Don’t think! Just do it. Compounding interest works and future ‘you’ will be forever thankful.
  2. Pay your mortgage on a faster timeline. Your home is probably the most expensive thing you’ll buy this decade, so why not try to pay less to the bank over the life of your loan and use that money for your and your family’s future instead? To see how much you would pay on a shorter timeline, calculate your payment with a 15-year loan on Quicken Loans.
  3. Prepare for the unexpected with an insurance check-up. First, re-shop your car and home insurance (which you should be doing on a yearly basis btw!). Are you a dog or cat owner? Get this coverage before your next trip to the vet. Are you a parent? Get $1,000,000 in term life insurance to protect your children. Sh*t unfortunately happens.
  4. Refinance and pay down any other big debts like car loans, student loans, and credit cards. So you can have an idea of what the new, lower payment is, get a free quote first from these reputable companies: [car loan, student loans, credit cards].

That’s it. Seems simple right? At the bare minimum, you should do #3. Many of our readers have been getting homeowners’, renters’, and pet insurance quotes from a new company called Lemonade so you may want to check them out.

And finally, we’ll leave you with a thought. Amassing a comfortable financial cushion takes time and patience. But time will pass anyway, so why not start now and see your returns grow as time goes by?

The ball’s in your court.