When you start taking control of your finances, at whatever point that is/was for you, there’s a lot of big things you can do.
The first time you switch gas supplier? Kerching! Shopping around for insurances? Kerching! Cancelling subscription services? Well, you get the picture.
Once you’ve gone through your finances with a fine toothcomb three times, it can feel frustrating not to be able to do more. This has especially been the case for me, after a lavish trip for my 30th last year plus a new-to-us car at the beginning of this year. Both purchases were saved for, but I never like to see my savings balance dip, even though they’re there for a purpose.
Nudging your finances
Every now and then, you can still give your finances a nudge. It might not save mega bucks straight away, but over time you’ll notice a difference.
Pay rise? Nudge up your pension contributions and/ or investments
New car more fuel efficient? Replenish your savings or nudge up your investments
Spending less on gas and electricity? Absorb the increase to your council tax bill (And be glad you’re netting off an increased expense)
Nudge, then look away
Nudges can take a little while to see satisfactory results. In the meantime, if you’ve automated everything to get on with it, you don’t need to obsess over it everyday. You can get on with your life, safe in the knowledge that your ‘nudge’ is adding up and ready to take advantage of the next nudge.
I’ve actually managed to follow my own advice. Not only have I been ignoring my blog (sorry to anyone who’s missed me), I’ve been ignoring my finances. Now I’ve had chance to look, I can see several of our nudges really taking hold. Proof that I don’t need to let money consume my thoughts in order to keep my spending sensible!