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Top Five Intelligent Money Moves To Make In 2022

Inflation is a hot-button topic in 2022, and now more than ever, it’s crucial to make the most of your money. Whether you’re trying to find some spare cash to fill up your gas tank or you want some good advice about investing for retirement, making the most out of every penny is essential. Here are five intelligent money moves to make that will help you put more cash in your pocket.

1. Ditch The Unnecessary Fees

Recurring fees can significantly impact your finances, and they’re often avoidable. One of the easiest ways to save some cash is to ditch any unnecessary fees you may be paying. This could include things like account maintenance fees and even investing fees. Always try to find a credit card that doesn’t have additional expenses and use an ATM without fees. Even something as small as one to two dollars makes a big difference if you’re trying to save up.

2. Review Your Monthly Expenses

It’s easy to let things like subscriptions and memberships slide, but those expenses can add up over time. So, in 2022, take a close look at your monthly expenses and see where you can cut back. Do you need that gym membership? Could you stream workouts on your device at home? Are you still using that subscription-box service? If the answer is no, ditch it and save yourself some cash.

Also read: Top Ways To Save Money on Groceries

3. Invest In Yourself

Investing in yourself is a brilliant movement with your money. Whether you’re looking to improve your career prospects or want to learn a new skill, it could pay off financially in the years to come. Some of the best paying careers include roles such as data scientists, software developers, and even doctors. So if you’re thinking about a career change or simply want to update your skill set, consider investing in yourself. It could prove to be one of the more profitable decisions you ever make.

4. Start a Savings Plan

If you don’t already have a savings plan, now is a great time to consider it. You can find high-yield savings accounts online to help you achieve your financial goals more quickly. And if you’re already saving, consider increasing your contributions. Even an extra $50 per month can add up over time, and it’s a painless way to boost your savings.

5. Invest in a Robo-Advisor

Robo-advisors are becoming increasingly popular, which are essentially a hands-off approach to investing. You can choose plans that range between very conservative and very aggressive, depending on your financial goals and risk tolerance. If you’re not interested in managing your investments yourself, a Robo-advisor could be a great option. And with many of them offering low fees, it’s an affordable way to start investing.

Making smart money moves now can help you reach your financial goals in 2022 and beyond. There’s always a time you can tweak your habits and you can make some changes. A little bit of effort now could go a long way in the future.

Also read: Top Ways of Making Money Online

The founder and CEO at ThriveVerge, The Verge, and Thrive Revolution. He launched Thriveverge in 2016, a leading behavior change technology, business, media, and entertainment company with the mission of ending the collective delusion that burning out is the price we have to pay for success.


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