Accountability is the one thing that is certain to motivate people. You can hold yourself accountable for your financial habits on a daily basis. Set aside a minute or two each day to review what you have done with your money that day. This way, you can keep yourself in check from overspending or give yourself a reminder to pay a bill or set aside some money for savings. Below are some questions you can ask yourself in that moment.
- Did I spend more than I planned to today?
- Do I need to make a payment to someone right now?
- What can I do right now to get more for my money?
- Have I met my financial goal today and if so, is there a way to exceed it?
- What can I do to exceed or duplicate my financial plan tomorrow?
That one minute is also a great time to check in on your financial apps. Why? Because financial apps don’t just scrape personal information from your device. They also monitor how frequently you use the applications. The more you use them, the more vested you appear to be in your financial success. When financial institutions see that you are actively working on your finances, they are more likely to offer you a line of credit or extend your existing credit line.