13 Ways you Can Improve Your Finances on Your Lunch Break
If you work full time, you know how hard it is to keep up with all the little things outside of your job. But have you tried putting your lunch break to good use? Instead of spending the hour chatting at the watercooler while you munch on a snack from the vending machine, grab something … Continue reading 13 Ways you Can Improve Your Finances on Your Lunch BreakThe post 13 Ways you Can Improve Your Finances on Your Lunch Break appeared first on MagnifyMoney.
Posted — UpdatedIf you work full time, you know how hard it is to keep up with all the little things outside of your job. But have you tried putting your lunch break to good use? Instead of spending the hour chatting at the watercooler while you munch on a snack from the vending machine, grab something healthy and use the rest of the time to tackle some important odds and ends — like your finances. Below, we share 14 tasks that you can accomplish over lunch that will help you build a better financial future.
Pay your budget a visit
Write down your goals
Open a savings account
You’re more likely to save money if you have somewhere to put it. During your lunch break, you can easily open a savings account at your current bank or with an online bank that offers a high-yield savings account. While you’re at it, set up a recurring monthly transfer from your checking account for automatic savings.
Save with ease
Earn more
Get familiar with your insurance
If something unforeseen should happen in your home, like a fire or a robbery, do you know what you’re covered for? If not, take a few minutes to find out so that you’re not caught off guard should something occur. No insurance? Research policies online over lunch.
Sign up for credit monitoring
Think about the future
Also, check your retirement account online and make sure your beneficiaries are in order. It only takes a minute to add a beneficiary and you’ll have peace of mind that your funds will go to the right person(s) should you pass away.
Review your paid subscriptions
Review those subscriptions you’re being billed for each month. You might be paying for things that you rarely, or never use. If those New Yorker magazines are piling up, or you can’t remember the last time you listened to Amazon Music, it might be time to cancel.
Negotiate with service providers
Call your phone or internet provider to see what promotions they are offering. Or, contact your credit card provider about a possible APR reduction. If you have good credit, you might be in luck.
Review your credit card statements
Do you blindly pay your credit card bills each month? Even if you use autopay, you should take a few minutes each month to scan your statements to ensure that all of the transactions belong to you and are accurate.
Get fit
Take a walk or attend an exercise class. Health care is expensive, and the better you take care of yourself, the better your chances of avoiding costly medical bills. Some life insurance providers offer reduced rates to customers who show a certain level of fitness activity on their fitness trackers. Fitness can pay!
Sharpen your financial skills
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