Personal Finance Tips for 2021

Tuesday January 26th, 2021

Personal Finance Tips for 2021

No matter what your goal is, below you will find 120 personal finance tips broken down into 20 categories for all of your personal finance needs.

See how this list can help you:

  • Pay off your debt,
  • Save some money,
  • Make money,
  • Hack your finances, or
  • Do some crazy stuff like pay off your mortgage early!

Caution: This post is full of tons of great material, but it is long, be sure to bookmark! As you read think of 1 or 2 overarching financial goals/questions you might have. Use the table of contents below to navigate the article and pin/bookmark for future use!


The first thing is first when it comes to money and your personal finances – 80% of self-made millionaires have a budget. So the #1 personal finance tip in the world is to start with a budget.

1. Have a Budget

Enough cannot be said about having a general working budget. Predicting life’s expenses is half the battle to staying ahead with regards to your finances. Make sure you factor every expense that can occur within a year and be sure to always be conservative with estimates.

Check out this 2020 Budget Template

2. Use Budget Apps & Calculators.

Don’t like spreadsheets? Budgeting apps like Mint, Personal Capital, and budgeting calculators can help you accurately predict, track and forecast spending. Roughly 6 in 10 households do not operate on a budget. Use budget tracking to manage and stay on top of finances.

3. Have Budget Meetings.

If you are in a relationship, consider having monthly meetings to discuss budgets and finances. Where did things go well, what can you adjust, and what are your goals for the next few months? No significant other, see about finding a trusted mentor or family member to discuss with. This will not only hold you accountable but create awareness about where your money goes each month.

4. Adjust Your Budget as Needed.

Make adjustments to your budget. As you track your spending habits and as bills decrease/increase you will want to adjust your budget. Overtime figure out how you can increase savings and decrease high spending areas.

5. Backward Budgeting.

Want a new car? Need to create an emergency fund, vacation fund, or budgeting for a kid’s college? Use backward budgeting. Just like it sounds, start with the end goal and work backward. For example, if your goal is to save $3,000 in the next 6 months, that would mean each month you must contribute $500 per month.

If you are paid bi-weekly, that would mean you contribute $250 per check.

Use auto-saving apps like Qoins or Acorns to help automatically do it for you!

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