• Samantha McDougal

6 Smart Money Moves You Can Make Before 2022

Be ahead of the game.

While 2020 seemed to be the longest year yet, 2021 is flying! It's a little hard to believe there are only 3 months left, but here we are... ready to make some money moves! Below are a few tasks that can realistically be accomplished before the New Year, and get your finances on track for '22.

1. Become a stripper

Lol, just kidding.

1. (for real) Find a side hustle

Nothing new here. We hear the term side hustle often, especially on social media when influencers and entrepreneurs are trying to sell you their "programs and workshops". I'm not here to sell you anything, but my question is... why not? Why not start a side hustle?

If you're not sure what to do or where to start, no stress. Take moment to think about what it is you enjoy doing. Love to paint? Sell your artwork on Etsy. Love to bake? Start an online cookie business. If you're still stuck, consider how much free time you have. For example, if you only have spare time on Saturdays you could consider ridesharing or food delivery jobs that don't require much time or a set schedule.

All that being said, the best side hustle you could start is one that earns you a passive income aka making money while you sleep.

2. Get paid to shop

This is my jam right here. Rakuten, Shipt, Ibotta, Swagbucks... the list goes on. Jump over to Google and literally type in "get paid to shop". It's almost overwhelming the amount of cashback or reward services there are. My recommendation is to find the ones that best suit your lifestyle. For me, I use Rakuten for all of my online shopping and Fetch to scan all of my online and paper receipts including Amazon, which is a lot. Let all of your points add up over time and enjoy the free cash!

3. Start saving

Eye roll. I know it's much more fun spending money than it is saving it, but your future self and your bank account will thank you for it. Financial advisors encourage people to follow the 50-30-20 rule. This is when you put 50% of your income going towards living expenses like rent, utilities, and groceries. Then 30% aside for recreation or entertainment, and the last 20% into a savings account. Might seem annoying at first, but you can do it, I believe in you!

4. Eliminate recurring charges

Some readers may already be ahead of the game on this one. Something that often happens is people will sign up for subscriptions or services with recurring payments, and let those payments continue even if the service isn't being used. Basically just throwing money away. The good news is there are apps that can help you to better manage all of your subscriptions. Or, if you have time, you can simply go through your bank statements (as we should all be doing regularly) to check and see if there are any payments you no longer need to be making.

5. Check your credit

2022 is approaching, and we're not taking bad credit scores with us. Raising your credit score doesn’t have to be time-consuming. A few simple ways you can boost your score are:

  • Sign up for Experian Boost

  • Dispute credit-report mistakes

  • Reduce your credit card statement balance

  • Make a big debt payment

  • Get a handle on bill payments

6. Know your worth

Ultimately the most important tip. Know your worth. Know and believe what you deserve in life, and stick to it. It's an insurance policy for your mental well-being and affects every aspect of your life. Whether your goal is to grow your bank account, find your dream job, start a business, etc.; you need to know your worth. The rest will follow.

So, if you need to "work on you" before you start working on anything related to financials, then do so. This will help you to live a better, more fulfilled life. Thanks for reading!

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