Happy New Year! January is the perfect time to hit reset and get your finances in order for the rest of the year. Whether you’re just starting your money journey or looking to fine-tune your habits, this 30-Day Money Detox will help you build a solid foundation for financial success. Let’s dive in!
1. No New Debt for 30 Days
The first rule of the detox: Don’t add any new debt this month. It’s time to break the cycle of borrowing and start living within your means. Commit to spending only what you can afford—this will give you a clean slate to work with.
2. Save a $1,000 Starter Emergency Fund
Life happens, and having an emergency fund will keep you from relying on credit when the unexpected strikes. Aim to save $1,000 in a high-yield savings account—like one with Laurel Road—to get your money working for you right away.
3. Pay Off Your Smallest Debt
The first rule of the detox: Don’t add any new debt this month. It’s time to break the cycle of borrowing and start living within your means. Commit to spending only what you can afford—this will give you a clean slate to work with.
4. Save 3–6 Months of Income (After Debt is Gone)
The first rule of the detox: Don’t add any new debt this month. It’s time to break the cycle of borrowing and start living within your means. Commit to spending only what you can afford—this will give you a clean slate to work with.
5. Create a Budget (and Stick to It)
The first rule of the detox: Don’t add any new debt this month. It’s time to break the cycle of borrowing and start living within your means. Commit to spending only what you can afford—this will give you a clean slate to work with.
6. Avoid Eating Out for 30 Days
The first rule of the detox: Don’t add any new debt this month. It’s time to break the cycle of borrowing and start living within your means. Commit to spending only what you can afford—this will give you a clean slate to work with.
7. Review Your Streaming Services
The first rule of the detox: Don’t add any new debt this month. It’s time to break the cycle of borrowing and start living within your means. Commit to spending only what you can afford—this will give you a clean slate to work with.
8. Be an Intentional Shopper
The first rule of the detox: Don’t add any new debt this month. It’s time to break the cycle of borrowing and start living within your means. Commit to spending only what you can afford—this will give you a clean slate to work with.
Ready to Get Started?
This 30-day money detox is a powerful way to jumpstart your year. It’s all about small, intentional steps that add up to big changes over time. By the end of the month, you’ll not only feel more in control of your money but also have the confidence to continue building wealth and crushing your financial goals all year long.
Let’s make 2025 your best financial year yet. You got this!
– Yogi