This post was sponsored by Chime as part of an Activation for Influence Central. I received complimentary products to facilitate my review.
Practically everyone has a financial goal in mind. It can be saving for a down payment on a house, freeing themselves from debt, purchasing a new vehicle, the latest iPhone, or a pair of Christian Louboutins that they’ve been coveting for awhile; saving for their child’s higher education, planning for their retirement, creating a fund for a rainy day, traveling, or all of the above.
Some may feel compelled that they have to set a large amount of money aside and/or set up a certain time-frame in order to obtain their financial goal(s). This often leads to falling short since this usually causes other financial fiascoes in our lives. The best and most surefire way to avoid these type of financial situations is creating a budget plan, tracking expenses or talking to a financial adviser. These steps are small, yet can lead to significant changes and a better, brighter financial future!
Small Changes That Make a Significant Difference
⦾ My mother taught me the value of a dollar when I was a child. That is why I firmly believe that it is never too early to educate your children the value of a dollar, as it can help learn how to budget and avoid financial pitfalls. Understanding the importance of the value of a dollar can help you save hundreds or even thousands of dollars in the long run!
It’s not that a universal secret that I have a love for traveling. A pair of Christian Louboutins may be splurge-worthy to someone one else, but I have a different perspective since I know that a pair of shoes isn’t meant to last forever. For me, traveling creates memories that can be cherished for a lifetime. I personally want to travel until the wheels of my suitcase fall off! One of my favorite ways of stretching out my money for my passion is taking “advantage” of hotel rewards programs.
⦾ Bank with Chime! Chime is a mobile bank that differentiates themselves from the rest since they help you create healthy financial habits. From monthly rent and bills to everyday purchases, Chime lets you manage all of your expenses in one place.
I haven’t set up direct deposit, nor have I used it to pay bills yet, but I have been using their card every day for small expenses. These small expenses add up since I’m enrolled in the Automatic Savings. Chime rounds up the amount of each purchase made from my Chime card to the nearest dollar and transfers it from my spending account to my savings account. They’ll then pay me a 10% bonus on my round ups for the week on every Friday.
One can easily save about $400 a year without putting much thought into it, especially if they regularly use the card at least twice a day. I’m essentially getting paid to save! I’m going to eventually set up direct deposit since some of the companies that I work with can pay me up to two days early. I wish my primary bank (federal credit union) did all of this! I can easily understand why Chime was chosen as one of the top Money Management apps on Apple and Android. It’s truly one of the best money management apps I’ve used in a long time!
It gets better. I don’t have to worry about overdrafts, monthly fees, or minimums. There are also over 24,000 ATMs that I can use – fee free! Chime helps me keep track of my finances since they send me a notification via my smartphone each time a transaction is made. You can learn more about Chime here.
⦾ If you’re caught in a whirlwind of the hustle and bustle of life, finances may be the least thing that crosses your mind. To obtain or even surpass your financial goal(s), getting organized is key. You can get organized with your finances by creating a budget plan and tracking your daily expenses, which you can easily do with a budget tracker.
⦾ One of the first small steps is identifying your financial goals. You can’t achieve your goals if you don’t have an understanding of what your goals are.
⦾ Determine your most valuable asset, whether it is your home, business, or your ability to work. Take your income into consideration and it affects your overall well-being and financial future.
⦾ It always helps to have a lending ear when it comes to our finances, even more importantly, if that lending ear is knowledgeable about finances. That lending ear can be a parent, sibling, friend, neighbor, or even a financial professional. There are several different types of financial professionals.
This sounds almost too good to be true! I love how easy they made everything. I’m moving to another country and just opened a bank account there, so I don’t have a need for this. But it’s good to know that companies like this do exist!
I really want a new laptop. Mine is good enough for now, but it’s getting out dated quickly.
Chime sounds great! I love that it helps you save money as you go. Saving money is so important for everyone.
Thanks for the tips, my hubs and I have really started paying attention to ways to save and make money as well as handle our debt and finances.
Chime sounds great for these who are serious saving money. I’ll have to check them out. – Yolonda
Chime sounds great. I will check additional information regarding this.
Chime seems awesome who doesn’t want to save. Thanks for sharing !
I’d love to try chime, I’ve never banked with a mobile bank before. These are really great tips and I’m going to use them.
I have heard of this method even with a regular debit card. Just move the change on a weekly basis. I would love to go on a small vacation.
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This sounds like a great way to save money. I have never heard of Chime before now but I will have to look into it.
That sounds like a great way to save some money. I’m all about saving money too. I’ll be checking this out. Thanks.
This sounds like a great way to bank. I will have to check this out for myself.
Wow, I love this! I’ve been looking for an app like this to use especially when I travel. This would make budgeting so much easier.
I share the same philosophy. I’d much rather have memories than things. And huge proponent on using hotel points along with airline miles. I’m commenting on your post while on vacation in Australia where I flew First Class on Cathay Pacific and have been staying in 5 star hotels using points. 🙂
Haven’t tried Chime yet but will check it out once I get back home. Thanks for the heads up.
This looks like an interesting way to save money. It looks so easy!
My grandpa also said “a penny saved is a penny earned”…and its so true. It all adds up. My bank has an automatic transfer to your savings each month of whatever amount you choose, so I do that. After a while I’m shocked at what I have collected which can be a lifesaver when needed.
I completely agree about teaching kids the value of a dollar as soon as possible. I did and I think it helped me more than I even know!
Hmmm. This is really interesting. Who doesn’t want to be ahead financially?? I will look into this for myself. Thanks for bringing it to our attention!
we’re looking to buy a new truck. We’re not in a rush but we’re in the market and trying to budget for it now.
My bank offers and I use round up. The savings that I dont even miss sure add up. I appreciate every penny saving tip I hear!
I’m with you – we save for experiences and vacations versus “stuff”. We always like to take a couple of vacations a year with the kiddos – but like NICE ones, a big adventure. And I hate to penny pinch when we are gone, so we totally save a ton to have an awesome time to create amazing memories for my family.
What a great company. I love my bank but this would be an awesome thing for young college students.
It’s very important to teach the kids about money at an early age. I have never heard about this money management app before. I will check this out.
What a great way to save. I use to to that myself when i wrote checks. I would automatically round up. I have gotten out of the habit now that I use my debit.
That is awesome that it gives you incentive/savings for every transaction. I will check this out for sure.
I have never heard of this. I will looking forward to learning about Chime.
That’s nice there are so many ATMs it works with! I feel like it is a cool app to check out!
I have never heard of Chime before but I love the idea behind this! And you can never go wrong with being paid to save money, now that is perfect!
This sounds like the perfect way to fund my next pleasure trip! I am definitely going to check Chime out further!
I really can’t think of anything at the moment that I want for myself by next year. I’m sure here must be something.
If you could teach my husband the value of a dollar that would be great. I really don’t think he gets how much things cost these days.
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I haven’t heard of this before! I sound amazing! I am going to have to look into it more!
I never heard of Chime until now. I will have to try it because it really sounds like an amazing way to save.
We sometimes need help when it comes to budgeting and all that. It’s better when you have an app to help you, like chime! This sounds like an amazing app and it can help teach my kids to budget as well.
All you had to say was ‘get paid to save’ and my ears perked up…well…saw/read I should say. I really like the concept of benefiting from ’round ups.’
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I totally agree with you – we all different perspectives. I travel every year, and I eat out pretty frequently and go to lots of events in my city (and tickets range from $40-$150+ each time). Some may not see the value in that, whereas I think it’s silly to pay $800 for one purse. Next year (actually by the end of THIS year), I hope to buy a house and perhaps also a brand new car!
Just like you, I’d rather spend on airfares rather than the latest gadgets or designer bag. Chimes seems nice because it rounds up your money.
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Wow – now this sounds pretty sweet! Anything that helps me save or earns me something is a win in my book!