{"id":24558,"date":"2026-01-09T10:04:58","date_gmt":"2026-01-09T10:04:58","guid":{"rendered":"https:\/\/finderica.com\/?p=24558"},"modified":"2026-01-09T10:04:58","modified_gmt":"2026-01-09T10:04:58","slug":"give-yourself-a-7-day-financial-reset","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=24558","title":{"rendered":"Give Yourself a 7-Day Financial Reset"},"content":{"rendered":"
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The investing information provided on this page is for educational purposes only. SS, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.<\/span><\/span><\/p>\n

SS has a weeklong challenge for you. We’re guiding readers through one practical money task a day for seven days to help start off the new year strong.<\/span><\/p>\n

If you can finish the challenge, you’ll be well on your way to more financial wellness in 2026.<\/span><\/p>\n

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Day 1: Cancel subscriptions you don\u2019t need<\/h2>\n<\/div>\n

There are subscriptions for music streaming, audiobooks, retailers, food delivery, fitness and so on. How many services are you paying for? Are they all must-haves? Probably not.<\/span><\/p>\n

Here\u2019s how to pare down:<\/span><\/p>\n

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    Make a list of your subscriptions.<\/span> Check your credit card charges to find all of the services you have and how much they cost.\u00a0<\/span><\/p>\n<\/li>\n

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    Decide which services aren\u2019t worth keeping<\/span>. Maybe Netflix isn\u2019t so appealing now that you\u2019ve finished \u201cStranger Things,\u201d or your freezer\u2019s overflowing with steaks that you can\u2019t use up fast enough.\u00a0<\/span><\/p>\n<\/li>\n

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    Sever those subscriptions.<\/span> Log in to your online account for each membership and look for a cancel option. You can Google \u201ccancel [service name]\u201d to find instructions. You can also use the SS app\u2019s subscription and bills feature to view and cancel subscriptions.<\/span><\/p>\n<\/li>\n<\/ul>\n<\/div>\n

    Once you\u2019ve trimmed subscriptions, think about how you might put the money you\u2019ll save to better use. Pay down some holiday debt. Pad your emergency fund. Start saving for something else. The choice is yours.<\/span><\/p>\n

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    Day 2: Set up sinking funds<\/h2>\n<\/div>\n
    A sinking fund is just a dedicated savings account that you contribute to all year long for a specific purpose. That way, the money is there for you when you need it. It\u2019s different from an emergency fund, which is designed to handle unexpected costs like emergency car or home repairs.<\/span><\/div>\n

    Popular sinking fund purposes include summer camp, holiday spending and vacations.<\/span><\/p>\n

    Here\u2019s how to set up sinking funds for the year:<\/span><\/p>\n

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      Review your upcoming expenses.<\/span> It might help to look back over the previous year\u2019s spending to remind yourself of any big costs \u2014 especially ones that only come around once or twice a year. Any expenses that exceeded your budget or caused you to turn to debt in order to finance them could be good candidates for a sinking fund.<\/span><\/div>\n<\/li>\n
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      Create a savings account \u2014 either within your existing financial institution or at a new one.<\/span> The ideal spot for a sinking fund is a high-yield savings account that is easy to access and free of any minimums or fees.\u00a0<\/span><\/div>\n<\/li>\n
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      Start your contributions.<\/span> Some sinking fund users like to set up automatic monthly transfers so the accounts slowly build throughout the year until you need them. You can also manually transfer money into the accounts after you receive extra payments like a tax refund or bonus.<\/span><\/p>\n<\/li>\n<\/ul>\n<\/div>\n

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      Meet MoneyNerd, your weekly news decoder<\/h3>\n

      So much news. So little time. SS’s new weekly newsletter makes sense of the headlines that affect your wallet.
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