https://www.wsj.com/articles/how-to-better-keep-track-of-small-expenses-and-fees-in-new-year-11609419600?st=voug4ptp63aainu&reflink=desktopwebshare_permalink
In making financial goals for the new year, the approach many people tend to take is to go big. In doing so, they might be missing the small picture. These smaller goals become your true financial foundation, a solid base that is crucial for your financial success, especially when you start reaching and planning for the larger goals in life.
- Consolidating accounts can prevent you from being charged a maintenance fee on an account with a small amount that doesn’t meet balance requirements.
- Tracking down small debts is crucial to your financial well-being as well. Ms. Liu says the best way to do that is by pulling a full credit report to see if you have any unpaid debts.
- Perform an audit of your subscriptions, especially the ones which will increase in price in the new year. Some of the most pernicious monthly charges are from apps and free-trials that people forget to cancel or pause.
- enroll in autopay for bills and other monthly expenses to avoid late fees.
- Tracking small expenses can be time-intensive. it might be easier to let a money app or spreadsheet to do highlighting all small expenses under a certain threshold.
