Money Prep Sunday

You may have heard of Meal Prep Sundays. Either from people who are avid health and fitness fans or those budget-conscious people looking to minimise their spending and maximise their meals for the week.

When I was in the office, I spent Sunday afternoons cooking meals for the first part of the week. It was a bit to save money and a bit to save my waistline. But the focus on preparing and planning my meals set me off on the right foot for the week ahead. I knew that it would be at least Wednesday before I needed to make further choices and that I’d half the week covered, being intentionally good.

And that’s really the reason for this email. Being intentional with our money is core to saving it and core to putting it to work for us. When was the last time you sat down and ran the numbers on your budget? When did you check on your investments?

If we spend 20-30 mins every Sunday planning and getting everything that we need prepared for the week, then the likelihood is that we’ll be in far greater shape this time next week, than we would be if we left things to chance.

So here is my Sunday Money Prep Checklist

• Login to my investment accounts and check for any messages about fees that need paid or dividends that need to be reinvested.
• Transfer in any money that I may have remaining from an underspend on my budget
• Check my budget for the upcoming week, planning what I might need to spend money on and if possible, how I can save money on the tasks/activities I have planned.
• Take one household or personal expense and look at cheaper alternatives or decide whether to cut it out altogether
• Actually, still prepare my meal plan for the week
• Look for new opportunities to invest or to build wealth through a side hustle or business.

Do let me know if you agree with these or if you have your own Sunday money prep routine.

Have a great week!

Connor

P.S. I’m running a completely FREE investing class on 12th September. If you’re serious about building wealth but lack the confidence to make your first purchase, then this is for you. It’ll be a very informal chat, but I hope it’ll help you to start building wealth through investing.

You can reserve your spot here - https://foundered.co.uk/free-investing-class/