WSP x Bank of America Pt. 4 / by Brandon Bryant

Hey guys hope all is well. Excited to share more tips around #BetterMoneyHabits in partnership with Bank of America. Today, I am giving a few tips on creating discipline and better spending behaviors. Although it may feel difficult to change your lifestyle in order to be financially savvy, the first step is all it takes! With Bank of America’s Better Money Habits site, there are a ton of resources for anyone looking to improve spending & saving habits.

When I first started to pay close attention to my finances I realized that it will take much more than 1 or 2 quick fixes to become financially healthy. I took a look at the source of some of my struggled and it became very clear that my habits + behaviors were at the root of my bad decisions. I then started to introduce a few small changes to my life and focused on trimming my expenses wherever I saw fit. All the taxis, subscription services, movies, etc. really start to add up at the end of the month. So the tips I am sharing today are focused on trimming your expenses like those and help create new behaviors of financial discipline.

Here are my 3 quick tips!

  1. Set financial challenges that create discipline

    • No taxis or rideshares 1 week out of every month, that's 12 weeks or 3 months worth of saved taxi charges (you will thank me later for this one)

    • No impulse purchases, always hold off and come back to  at a later date to revisit a big purchase

    • Price match - many companies especially retailers will match the lowest price of an item whether in store or online so make sure to do your research to find the lowest price possible and have it matched by whoever you're buying the product from

  2. Split expenses with roommates, friends and family

    • Split everything, most of the things we have in life are shareable: streaming accounts, toiletries, a TV, a couch, these are all items you can split with your roommate, friend or significant other instead of buying. Make sure to leverage your inner circle to split the cost because sharing is caring :)

  3. Do more at home (save that extra cash)

    • Eating at home instead of going to a restaurant

    • Watching movies at home instead of the theatre

    • Exercising at home instead of going to the gym. Workout with objects found within your home or floor exercises rather than spending money for a gym

    • Host events at home with friends (parties, birthdays, etc.) instead of heading to a bar or renting a venue. Show off your interior decorating skills!

These are just a few ideas to jumpstart your brainstorming for ways to simply trim your current expenses and start seeing an improvement in not only your spending behaviors but your bank account as well.

With these tips and the help of Bank of America’s Better Money Habits site, feel empowered to prioritize your savings without having to make major life changes. Find what works best for you and stick with it!

Hope today’s post was helpful and that you are now in a position to have #BetterMoneyHabits!

Post Details

Photographer: Mark Asuncion (@moodbymark)

Location: New York

In partnership with Bank of America


Let me know your thoughts on the photos, until next time!

Thank you for reading and Let Your Voice Be Heard Below!!