Budgeting Financial Planning A 30-Minute Weekly Financial Self-Care Routine Practicing the right money habits can improve financial health By Rebecca Lake Rebecca Lake Facebook Twitter Website Rebecca Lake has over a decade of experience researching and writing hundreds of articles on retirement, investing, budgeting, banking, loans, and more. She has been published by well-known finance brands including SoFi, Forbes, Chime, CreditCards.com, Investopedia, SmartAsset, Nerdwallet, Credit Sesame, LendingTree, and more. learn about our editorial policies Updated on September 21, 2021 Reviewed by Pamela Rodriguez Reviewed by Pamela Rodriguez Instagram Pamela Rodriguez is a Certified Financial Planner®, Series 7 and 66 license holder, with 10 years of experience in Financial Planning and Retirement Planning. She is the founder and CEO of Fulfilled Finances LLC, the Social Security Presenter for AARP, and the Treasurer for the Financial Planning Association of NorCal. learn about our financial review board Photo: RichVintage / Getty Images Self-care and wellness go beyond just taking care of your mental, emotional, or physical health. Practicing financial self-care is also important for staying on top of your money as you work toward financial goals, such as saving or paying down debt. It can also help with avoiding unpleasant surprises, such as a missed due date or an expected expense. Instilling positive money habits for the long term starts with developing a weekly financial self-care routine. The Science of Self-Care, Habit, and Routine Practicing financial self-care means developing habits that work for you and reflect what you’re trying to achieve with your money. Those money habits can look very different for different people, but what’s most important is consistency in practicing them. One thing that can stand in the way of financial self-care is a bad money habit. Charles Duhigg, a Pulitzer Prize winner and author of a bestselling book about habits, says the key to creating a new habit is to identify cues (the trigger of a habit) and the resulting rewards (habit). For example, do you tend to binge shows and movies (reward) when you’re stressed out (cue) about your finances? Instead of binge-watching Netflix, Duhigg’s model would suggest countering your money stress with something as simple as reviewing your budget or checking your spending for the week. Though the cues will likely be the same (stress and anxiety about money), your choice of reward for that cue can build new habits that result in new financial routines. Tips for 30-Minute Weekly Financial Routines Creating a weekly financial self-care routine can help with promoting good money habits. But if you’re busy, you may not want to devote hours each week to managing your finances. The good news is you can make a positive impact on your financial health in as little as 30 minutes a week. There are two ways to approach it: You can spread out the 30 minutes over the week by doing short daily tasks, or you can block off a solid half-hour each week to review your financial situation. Here are the most important tasks to consider adding to your weekly financial self-care routine, whether you do small tasks every day or all tasks on one day. Check Your Bank Accounts: 10 Minutes Per Week Checking in with your bank accounts is a good way to track your spending and monitor for any potentially fraudulent transactions. For perspective on how often other people practice this money habit, 36% of Americans check their bank accounts daily, according to a Lexington Law poll. This is a small financial self-care task that you can do in less than five minutes. If you’re logging in daily, you can quickly scan for any new credits or debits posted to your accounts and review your balances. Note If you spot any unusual transactions, contact your bank right away, and consider checking your credit card accounts as well for any unauthorized purchases, which could signal fraud. Review Bill Due Dates and Payments: 10 Minutes Per Week An easy way to save time on paying bills is automating your bill payments. Putting bills on autopilot means you don’t have to worry about writing out checks or missing due dates. If there are bills you can’t automate through your bank, try automating them through the company billing you. When all else fails, you can block off 10 minutes or so weekly or a half-hour per month to get those bills organized and paid online or by check. Note Set up due-date alerts with your bank and credit card companies so you always know when your next bill needs to be paid. Review Your Financial Goals: 10 Minutes Per Week Setting clear financial goals can help you get motivated to develop and stick to good money habits. The Consumer Financial Protection Bureau advocates “SMART” financial goals, which have the following characteristics: SpecificMeasurableAchievableRelevantTime-bound For example, using that framework, your money goals might include: Paying off $10,000 in student loan debt in a yearSaving up a $5,000 emergency fund over the next six monthsSetting aside $30,000 to use as a house down payment in the next two yearsInvesting 15% of your income in your 401(k) each year If you haven’t set any financial goals yet, you could use 10 to 15 minutes of your weekly financial self-care routine to brainstorm ideas and plan. And if you already have financial goals in place, you can block off a few minutes each week to check your progress. Go Over Your Budget: 30 Minutes Per Month Budgeting can be the cornerstone of a strong financial foundation. Approximately 80% of Americans keep a budget, and if you’re one of them, it’s important to keep it up to date. Since budgeting requires a little more time than logging into your bank account or checking bill due dates, you may want to block off the entire 30 minutes of the last week in the month for this task. Review your budget for the current month and use it to plan for the next month based on any changes to your income and spending. Take note of any recurring expenses you could reduce or eliminate, as well as any upcoming irregular expenses. For example, if it’s time to pay your six-month car insurance premiums, make sure you’re budgeting extra for that expense. Note Consider linking your bank and credit card accounts to a budgeting app like Mint or YNAB so you can easily review balances and transactions in one place. The Bottom Line Practicing financial self-care every week has a learning curve, but the money habits you develop now can pay off over the long term. Also, consider other financial habits you can practice quarterly, biannually, or yearly. Checking your credit report quarterly, reviewing your investments every six months or so, and doing a year-end money review can all help you build a stronger financial foundation. Was this page helpful? Thanks for your feedback! Tell us why! Other Submit Sources The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy. CharlesDuhigg.com. "How to Change a Habit." Lexington Law. "Poll: How well do Americans keep track of their finances?" CFPB. "Setting SMART Goals Tool."