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Money Minute
Quick Tips
Spending Summaries
Money Minute
Many banks and credit cards will provide year-end summaries of your spending habits. Use these summaries to make minor adjustments that can lead to future savings.

At the beginning of each year, many banks and credit cards will include year-end summaries of your spending habits. Before you file them away, be sure to review the charges to see if you need to adjust your yearly budget.

  • Take the time to actually review those summaries. They’re usually user-friendly and if you’re looking online, many of them will allow you to break out expenses into different helpful views. When the expenses are organized by category, you might be surprised at how much you spend on things like dining out. Year-end summaries can help you see how much those daily or weekly habits can add up.

  • Look at where you can make adjustments to save. Surprisingly, one of the easiest ways to save money is to simply pay your bills on time. This helps you avoid late fees which can accumulate. Another idea is to be more strategic about how you hit the ATM – when you don’t go to your own bank’s ATM, you are charged pesky fees, so consider your weekly schedule. Perhaps you’re already near your own bank’s ATM while running weekly errands and just need to plan accordingly.

Saving money doesn’t have to mean big changes to your lifestyle. Start small and make minor adjustments over time.

The information on this page is provided for educational purposes only and is not tax, legal, financial planning or investment advice. Neither the information nor any opinion expressed in this section constitutes an offer to buy or sell any securities or advisory products. The information provided is general and is not information reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase or sell any particular security. You should not regard this information as a substitute for the exercise of your own judgment. Investing involves risk.

Past performance does not guarantee future results. © Ariel Investments, LLC. This website and all of its content is for informational and educational purposes only and should not be considered to be investment advice or a recommendation to buy or sell any particular security. The mutual funds offered by Ariel Investment Trust are distributed by Ariel Distributors, LLC, a wholly-owned subsidiary of Ariel Investments, LLC. Use of this website is subject to our Terms & Conditions. The Ariel mutual funds referred to in this site may be offered only to persons in the United States. This web site should not be considered a solicitation or offering of any investment products, funds or services to ineligible investors, investors for whom such products, funds or services are not suitable, or investors outside the United States.

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