It’s no secret that everyone looks forward to enjoying the weekend after enduring a stressful week at work. Resting on Saturday is absolutely fine. You need to try and regain the energy you burnt during the week. But the following day, Sunday, shouldn’t be for resting alone. You should see it as an opportunity to work on your finances. There are dozens of financial things to do on Sunday if you want to improve your finances.
My Sundays are usually fun. I get to watch one or two TV shows, spend time with my family, and rest for a while. However, I never let the day go by without working on my personal finance. I try to resolve imminent money problems and employ simple strategies to manage and grow my financial resources.
In this post, I will be discussing some of the typical financial things to do on Sunday. It’s high time you learned how to make the most of your Sundays. So, sit back and relax while we embark on this brief learning curve.
How To Improve Your Finances On A Sunday
You can improve your finances on a Sunday morning by pinpointing the obvious challenges you are facing with money and then making deliberate efforts to solve them. For example, you can check how much credit card debt you have to pay and also assess your monthly budget to see if you’ve gone overboard with your spending.
Reasons Why You Should Work On Your Finances On A Sunday
Having a Sunday routine for your finances is something you probably haven’t tried yet. Here are 3 significant reasons you should make use of Sundays to improve your financial situation:
1. Sundays Are Not Choked Up With Activities Like Business Days
One of the reasons why Sunday is my favorite day of the week is that I have little or nothing to do. I don’t have to work or engage in any serious activity, except I decide to attend an event. Knowing I have a lot of free time on Sunday, I spend a few hours analyzing my financial decisions, and how to make wise decisions with money.
Unlike other days of the week, Sunday is a great opportunity for you to spend enough time observing your financial plan, reviewing your budget, and tracking your expenses.
2. Opportunity To Focus
Due to the fact that you don’t have a lot of activities to do on Sunday, you can focus on what matters. You can spend quality time with family, enjoy your hobby, and of course, work on your finances.
For example, if you have never had time to review your bank statements, Sunday is the perfect time. There’s almost nothing stopping you. You can take your time to observe how much money you’ve spent the previous month. Once you realize you’re overspending, you may have to curb your spending; do not hesitate to cut down on your living costs.
3. Having Your Partner Present
Another reason I enjoy Sundays is that I have to spend the entire day with my partner. Aside from enjoying each other’s company as a family, having your partner around should motivate you to work on your finances.
Sometimes, there are certain financial decisions you can’t make alone. You have to involve your partner and make such decisions unanimously. For instance, reducing your expenses is not something you do alone when you’re married. Your partner has to be fully involved in the plan.
You can’t be cutting down on your bills and have your partner squander money. This is important especially if you share an account with your partner.
10 Things To Do On Sunday For Your Finances
Balancing your finances, health, and life is the most important thing that should have your attention. To fulfill this obligation, here are 10 financial things to do every Sunday:
1. Review Your Monthly Budget
If you aren’t budgeting your salary every month, you are making a very serious financial mistake. Having a working budget helps you to figure out how much you take in, how much you spend on bills and other expenses, and how much you save.
Let’s assume you have been budgeting your money all along, Sunday is a great time to review your budget. This means you have to pay attention to how much of your paycheck is spent every month according to your budget. The goal is to ensure that you are living below your means.
Sometimes we find ourselves in situations that compel us to break our monthly budget. When things like this happen, we must review our budget and try to get back on track. If you keep breaking your budget and living beyond your means, you will eventually put yourself in a debt trap.
2. Meal Prep
Having a meal plan is one of the financial things to do on Sunday. Eating out is expensive. You have to prepare your own meals at home to save costs. However, meal prepping is tie simple strategy that makes this easy to do. Sometimes you may be too tired to cook dinner after a long day at work. Without having a meal plan in place, you would be tempted to eat out.
Meal prepping simply entails cooking different types of food and preserving them in your refrigerator. Apparently, you won’t have to cook every day if you stick to this method. All you have to do is create your meal plan on a Sunday that could satisfy your appetite for the next 3 or 4 days. This is healthier, cheaper, and it also saves time.
3. Track Your Spending
We spend money every day. It’s almost impossible for us to remember all the expenses we have incurred by the end of the month. This is why I recommend tracking your spending every week. It’s one of the things to do on Sunday to improve your finances. Tracking your spending won’t be difficult if you are self-aware and attentive to details.
If you usually use credit cards to make all or most of your purchases, then you have a good place to start. You can request a financial statement that specifically lists all the expenses you have incurred. This way, you can see all things you spent money on the previous week. Once you’re able to monitor your expenses, it encourages you to be more careful with your spending habit.
Except you are totally careless and adamant about financial improvement, you should always adjust your spending if you begin to notice unnecessary expenses in your credit history.
4. Schedule Bill Payments
Scheduling bill payments is a good way to organize your spending. It’s also one of the things to do on Sunday to prepare for the week financially. You should take note of all the bills that are due that week. Use your calendar to specifically mark down the days you have fixed or unavoidable expenses to make.
This is much easier when you make use of an online tool such as Google Calendar and iCalender. Tools like these will remind you of the due date, helping you to make the payment on time and avoid late fees. All your credit card bills and loans can be paid off early enough when you make use of this method on Sunday.
5. Restock Essentials
Grocery shopping is certainly one of the financial things to do on Sunday. I’m not saying is taboo to visit the grocery store during business days. After all, hundreds of people are constantly walking in and out of your local grocery store. However, Sundays are the perfect time to restock your home.
Waking up on Monday morning to prepare for work and then realizing that you no longer have bathing soap can be annoying. It could disorganize your schedule.
Here are some essential items I recommend you restock on Sundays:
- Toiletries: toilet paper, toothpaste, bathing soap, and other hygiene products.
- Kitchen and laundry supplies such as garbage bags, air fresheners, detergent, paper towels, coffee filters, and sponges.
- Medicine and supplement.
- Food for your pets.
6. Check Your Bank Statements
Knowing that your finances are on track can improve your mental health. This is because you won’t have to be anxious about spending or how much you owe in credit. Although your budget can be balanced, you still need to examine your bank account transactions from the previous week. Look at the major areas you spent money and try to figure out if you could have spent less.
For example, if you notice you are paying for a gym membership you rarely use, you should cancel it to save money. This is one of the things to do every Sunday for your finances.
7. Create And Review Your Weekly To-Do List
If you want your week to be organized and productive, you need to create and review a to-do list. It’s one of the most important things to do on Sunday to get ready for the week financially.
Have you ever ended the day regretting how you forgot to complete some of the tasks you had in mind? Maybe you forgot to send an important email or review a document. These mistakes can be avoided when you prepare a comprehensive to-do list that contains all the important tasks (both work-related and personal) that you have to do during the week.
There are dozens of free tools on the internet that can help you stay on track with your activities. “To Do List” is one of the most simple mobile apps you can use to list your tasks and set reminders for each of them.
8. Set And Track Goals
One of the reasons you may not be productive during the week is that you are not setting goals. To see everything you are accomplishing week to week, make it a habit of writing down and tracking your goals. It’s one of the most brilliant financial things to do on Sunday. These goals could be concerned with your savings habit, official responsibilities at work, or your personal objectives.
Also, you can review the goals you set the previous week. If you couldn’t accomplish some, there’s no shame in rolling them over to the new week.
9. Read A Personal Finance Book
Aside from setting savings goals, reviewing your budget, or tracking your expenses, one of the best things to do on Sunday for your finances is to read a personal finance book. Learning about money through a personal finance book helps you to acquire enough insight into solving common financial challenges and increasing your income. You can learn helpful strategies in areas such as investing, paying off debt, and frugality.
Mind you, this doesn’t mean you have to read an entire book every Sunday. You can read just one chapter of a book and continue from where you stopped the following Sunday.
In case you don’t know which particular book to start with, here are 10 best personal finance books of all time. These books are authored by some of the most intelligent figures in personal finance.
10. Tidy Your Living Space
I’ve been working from home for a couple of years, and I absolutely love it. But to maintain my productivity, one important thing I do is keep my home tidy. The funny thing is that I can’t even process my thoughts properly and carry out tasks effectively when my surrounding looks disorganized. I don’t like seeing clothes scattered all over the place or a hip of dirty dishes in the kitchen sink.
If you are like me, then tidying up your home is one of the best financial things to do on Sunday. When your space is neat and well-arranged, you will likely start the day in a good mood. You’ll be able to concentrate on important tasks and accomplish them.
Final Thoughts: Things To Do On A Sunday For Your Finances
Spending a few hours every Sunday to prepare for the week can directly improve your personal finance, your health, and overall well-being. The good thing about making plans ahead of time is that it gives you an advantage over uncontrollable situations. As long as you’re prepared, you have a better chance of handling imminent challenges with money.
Thankfully, I have itemized some amazing financial things to do on Sunday. Moving forward, you now have what it takes to have a productive and well-organized week.
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