New Year, New Habits

By FriMi January-2nd-2023

The start of a new year is a great time to reflect on your financial goals and to make a plan for how you can work towards achieving them effortlessly. One way to do this is to make saving money a habit. Here are a few ways you can incorporate saving into your resolutions for the new year:

Start small

If you're not used to saving money, it can be overwhelming to try and save a large percentage of your income right away. Instead, start small by setting aside just a few rupees per week or month. As you get more comfortable with saving, you can gradually increase the amount that you set aside. You can set aside money digitally in the FriMi app itself using the Savings Pot feature. Try it once, and you won't regret it.

Click here to see how to open your own FriMi Savings Pot.

Set specific financial goals & make saving towards them automatic

Whether you're saving for a specific purpose, like a down payment on a house, or you want to build up your emergency fund, or save up money for a new phone, having specific goals in mind can help you stay motivated to save.

You can automate your savings towards these specific goals with the FriMi Bucketlist Savings - A FriMi app feature that automatically transfers money in monthly installments from your FriMi account or any other bank account effortlessly. This way, you don't have to think about manually adding money every month, and helps you save towards your goals as a habit.

Click here to see how to open your own bucket list.

Make a budget

A budget can help you track your spending and identify areas where you can cut back in order to save more money. Make a budget for the new year and stick to it as closely as possible. You can track it effortlessly using the FriMi "Transaction History" section.

Remember, saving money is a journey, and it's okay if you don't see immediate results. The important thing is to get started and be consistent in your saving efforts. With time and patience, you can make saving money a habit and achieve your financial goals in the new year.