Keep at least $400 in cash
In my former life as a World Banker traveling throughout developing countries, including war zones such as Croatia during the Balkan War, I learned to carry at least $2,000 in…
Use text messaging for reminders
Once you have decided on a course of action, use text messages to help focus your attention. A 2016 study funded by the Center for Financial Services Innovation found that…
Set up YourBank to deal with the ups and downs of monthly income
The U.S. Financial Diaries showed just how volatile income has become for American households. On average, the monthly inflows varied by at least 25 percent in almost three months of the year…
Start by setting easy goals
Part of the strategy of money hacks is to ensure that you feel successful. For this, it is best to set small and easy-to-achieve goals for the immediate future. For…
Focus on just one goal
Research also shows that it is best to set your sights on just one goal – but then take concrete action to make it happen. Find your North Star and…
Pay yourself first
Sometimes it is the serendipity contact who can give you inspiration. “No matter what you do, pay yourself first. Even if it is only $5 a week, put that aside…
Build your social network as support
Psychologists point out that there is a paradox in dealing with debt. Individual efforts to take full and complete responsibility for accumulated debts may lead to manic and unrealistic dreams…
Use videogames to improve financial literacy
https://www.youtube.com/watch?v=j5akAu2b5PMThe success of the video game industry has led some to suggest that the games could be used as part of a program of financial education. In principle, video games…
Visualize your future self
Being able to see yourself in the future is a valuable way of encouraging yourself to save more for that future date. While he was at Yale University, Keith Chen,…