We’re officially halfway through the year, and I decided to do a quick financial check-in, not to overthink anything, just to see if I’m actually still on track with my habits.
Looking back to January, I realized something I’m pretty proud of. I used to think saving meant putting away big chunks of my paycheck. But I could never stay consistent. Life would happen, and I’d end up dipping into my savings anyway.
So this year, I tried something different: saving small amounts, but doing it consistently.
Fast forward to now, and I’m still on track. The habit actually stuck, and I’ve learned that slow and steady really does win the race. This mid-year check-in reminded me that it’s not always about dramatic progress, it’s about what you’re still consistently doing.
So I’m curious: when you do your own mid-year check-in, what’s one money habit you’re still on track with this year?
I’ve created all sorts of sub accounts and use those to save for upcoming expenses. I automate the transfer between accounts. I find it seamless and really easy to save effectively that way.
It makes me happy to hear you’re building up your nest egg!
My partner and I had the financial goal of unifying our finances and we’re making good progress there, thanks to some new Neo features! We now have the shared chequing account, shared savings account, and we mutually share gas & grocery and shop & dine credit cards.
Aside from the Neo stuff, we have united our accounting and budgeting sheets. The final thing we are planning for this year is to set up a “fun money” system since, transparently, I waste way more money than she does and I want her to be happy.
Recommended by basically every economist who has studied savings.
Interestingly, my brother came across some research that suggests that mortgages may be advantageous for Canadians for the same reason — it forces people to save.
