11 No Brainer Financial Wellness Tips for Those Short on Time

A healthy savings account is key for when life throws you a curveball – and even better for when life flips your finances on their head. But finding ways toward creative savings when you're short on cash and resources can be difficult at best, and demoralizing at its worst. Below are just a handful of my favorite “no-brainer” financial wellness tips, listed by the time it takes to implement each one. You may be surprised how a few simple, quick tweaks can yield big results (and if you're cutting costs to save for a wedding, here's my post on how to cut wedding-specific costs.)

Financial Wellness Tips You Can Do in Under 30 Minutes

2 Minutes –  Leverage the Latest Apps

If you're not using finance apps to make managing money easier, you are missing out. Sure, there is a lot of trial and error in trying to find one or two that sync up with your groove, but once you find a few you like it's pure magic. Magic, I tell you. There are a few different types of money-saving apps that work harder than you can to save you money. 

• Cashback Apps – Apps that work to get you cash back on money you already spend and purchases you already make.
• Automatic savings apps – They sync with your checking account and sneak away small bits of cash so you can save better and faster. Here's a list of my other favorite money-saving apps. 
• Survey apps – Where you can get rewarded for your opinion.

An app that I love and love to recommend is Qapital, which has rules you can set to “save the change” from your purchases. Even now, in 2023, it's the one money app I use to save for all of life's little extras: botox, my next home project, or my favorite trip.

5 Minutes – Open a High-Yield Savings Account

I’ve learned the hard way that having all your money in one place can lead to dangerous habits. Your savings account should not be a backup to your checking account, and moving money too frequently can lead to fees and low balances.

Want to hear something else totally disgusting? Most savings accounts can only offer between .01 and .02 %. Pennies on the dollar.

I’ve found that online banks typically offer higher interest rates, and having my savings somewhere where I can’t move the money over instantly in just a few swipes helps me avoid dipping into it. (I mean, I can move it because it is the internet, but it takes a few days to transfer between banks, which helps me think about a thing or two before I move my money... you know?)

I like to recommend money saving apps like Qapital for short term savings/my rainy day fund (for paying for things like a shopping fancy or a trip deposit) and a high-yield savings account for longer term savings like an emergency fund or saving up for a home down payment.

10 Minutes – Cut Cable

Cable costs are ridiculously expensive these days (I mean, streaming services are getting pretty up there too) but content platforms and entertainment costs still don't hold a candle to how much you pay for an entire cable package. Cutting your cable and opting for a subscription service is an easy, super fast way to impact your annual bill costs.

The key is to then take those savings and automatically direct them into your savings account for a $50-$70 monthly savings boost.

So, for example, you save $50 a month by switching to streaming services. That's $50 per month x 12 months in a year is $600 for a few minutes worth of work.

Also in the era of endless subscription services, I highly, highly highly recommend doing an “audit” or your services bi-annually, at the least.

30 Minutes – Review Your Entire Budget

I’ve always talked about how making a budget and sticking to it can make a huge difference in your finances, but sometimes a budget can change dramatically due to large life events, like a wedding or divorce, moving in together, or a change in your income.  Sometimes you have the extra to cover lifestyle inflation, and sometimes you don't. This is why you need to be smart about it.

And while it may seem like an intuitive creative savings tip, or not very “Creative” at all…you can't know how much you can save until you know how much you're spending.

• Here's my DIY guide to finding extra in your budget.
• Review your budget quarterly (at a bare minimum.)
• Then funnel the savings of whatever you find in your budget – automatically – into a separate savings account so you don't touch it, ever.
• Watch your savings stack up.

Financial Wellness Tips and Activities You Can Complete in a Few Hours

2 Hours (120 Minutes) – Set aside dedicated time and sell all your stuff.

When I was doing my $8k in 90 days challenge, I did everything I could to hit my debt payoff goal of $2,100 each month. I think people are really missing out on the fact that there are CONSTANTLY things in your house that you don't use that you can sell to make extra dollars. One month I was able to sell a bunch of stuff for a cool $300 to assist in my efforts.  I sell items via Ebay and Facebook Marketplace and my clothes on thredUP or Poshmark.

More recently in 2023, I was saving up to put a new closet system in (and building my real estate business at the same time.) To earn the extra, I finally sold off all the items I had in the basement and was able to get over half of what I needed, earning an extra $1,000 in the process between furniture and clothes.

If you're motivated, I estimate it'll take one hour to do a purge and probably another hour to list it all online.

30 Days – Do A No-Spend Challenge

I LOVE money challenges. They’re a great way to change your lifestyle for a short time which leads to increased savings and (hopefully) better habits. When trying to aggressively save, doing a no-spend challenge (i.e. trying to spend no money at all outside of groceries, bills, and gas) can help you meet your savings goals faster. (Here's a great envelope savings challenge, too.)

I love a good no-spend challenge as a way to reset when I've been naughty with my money. They're enjoying to me because they teach me how to stretch myself. I work hard to save money and sometimes, that is what it takes. Like the time I pushed myself to only eat at home for a month or the time I attempted not to shop for a whole year.

45 Days – Find Alternatives to Eating Out

Obviously going out to eat every night of the week isn’t going to save money.  For those who just have trouble with ordering Postmates too much (raises hand), I meal plan predominantly with my crock pot at home and we've been able to shave hundreds off our eating-out budget.

Other ways to save in this category:

• Order water
• Keep entrees under $10
• Fast Casual instead of Full Service

60 Days – Shop Less

If you’ve read any of my other posts, you probably know how much I love shopping. Correction – loved shopping….until I broke the bad habit. Unfortunately, it can be tough to get the clothes you want on the budget you can afford. That’s why I love the idea of shopping your closet.

Finding a new way to wear your favorite pieces can reinvigorate your wardrobe without breaking the bank.

Pinterest, Like To Know It, and the Cladwell app offer great inspiration, and you can scout your own closet for similar looks. Buying a new accessory or pair of shoes can totally change up an outfit – typically for less than buying a completely new look. This way they get the stuff you don't want (and vice versa) and everyone gets to breathe new life into their wardrobe.

Other ways to save in this category:

• Only spend between 3-6% of your income on clothing
• Do a Year-Long No Shopping Challenge
• Another great way to implement this is to swap clothes with friends who are also looking for a change.

90 days – Get a Side Hustle

Y'all know I have always been a huge fan of side hustles and using the side income to increase your savings is a quick and easy way to pump up the balance. I love this method because it feels like you’re making progress quickly and gets you in the habit of setting money aside from each paycheck. Quick side hustles include:

• Becoming a shopper for Instacart
• Driving for Uber
• +10 (Other) side hustle ideas for busy people

Extra Credit: How much could you save if you started a side hustle and didn't touch the money for a whole 90 days?

 

What is the biggest financial wellness tip you can give?

Okay, so I have two big answers to this question. And if you only take away TWO THINGS from this post, I hope it is what I save below.

Best financial wellness tip #1

The best way to save money is to set up an automatic transfer to your savings account from either your paycheck or from your regular checking account.

By automating your transfer, you’re making sure that you don’t forget or pay your savings last–and as a bonus–automating your savings means you never “see” that money and subsequently makes it sting a little less.The heart doesn't feel what the eyes do not see. (I watch too much British television on PBS, but you get the idea.) It works for love triangles on #Poldark and it works with your money, too.

Best financial wellness tip #2

The second best way to save money is to save money on the things you already know you're going to spend on. My favorite way to do this is with a cashback site like Swagbucks, Honey, Capital One Shopping, and more. Click here to start earning money back with Swagbucks.

(Also a lil' bonus tip: I like to stash the money I save on those “I was going to buy it anyway” items and credit card rewards and use them to fund my Christmas for my son entirely in cash.)

Financial Wellness Tips: The TL: DR

I know it can be hard to save up when spending is so tempting (and hello, inflation) but saving is definitely a must. I call this particular set of financial wellness tips “no brainers” because you've probably heard of them already and should DEFINITELY BE INTEGRATING THEM as part of your own financial practice. If you're not…what are you waiting for?

Want to read more about saving money? Here are my favorite books that teach better ways to save.