a person writing on a book

Media / Blog

22 Financial Tasks You Should Do on Two’s Day


Preparation Over Prediction: Your Finances and the Markets

February 13, 2022

22 Financial Tasks You Should Do on Two's Day

Feb. 22, 2022 (2/22/22) will fall on a Tuesday, thereby making it a 2's day, or Two's Day. Having that many twos fall on the same day, and it be a Tuesday, is not that common. In fact, the next time we will experience this will be 180 years from now, on 2/02/2202. Or you can wait another 18 years until Tuesday 2/22/2220. Two's Day will be especially nice for people who were born on Feb. 2nd 2000, who were not only born on a Tuesday, but will be celebrating their 22nd birthday. So, with all those Twos flying around, here are some simple financial tasks you could do on that Tuesday:

1. Prioritize your emergency fund

The most important thing anyone can do to prepare for a recession is to build up their cash reserves. It's a simple but important task. One way to prioritize your emergency fund is to consider sending extra money to your savings account each month.

2. Make a list of financial habits you'd like to form

It is difficult to transition from saving nothing to saving $1,000 each month, so start small. Habits take time to form and hitting smaller milestones can motivate you to reach your long-term goals.

3. Set up a system to track your spending

Being aware of where your money is going is key. Use technology to your advantage by accessing your financial records to track your spending. By doing this, you can potentially eliminate any negative spending and use that extra money you have on a trip or large purchase you've been saving for.

4. Check your credit score

If you haven't checked your credit score in a while, take a second to do so. This can give you a snapshot of your financial health and there are plenty of ways to do this for free.

5. Create a personal balance sheet to calculate your net worth

A Net Worth statement will give you a clear picture of things you own and owe. Many of the Financial Dashboard's will do the work for you so that you don't have to.

6. Write down your interest rates

If you have any kind of debt, you need to know your interest rates. Having this knowledge could change some of your financial behaviors and help you to pay down your debt faster.

7. Be more intentional with your money

It's easy to whip out your debit or credit card to make purchases. Before you do, take a second to think "is this purchase is necessary." You may avoid making unnecessary purchases by doing so.

8. Finish that financial task you've been avoiding

We all have that piece of paper on the corner of our desk that we keep putting off. Whatever it is, take 10 minutes out of your day to complete the list and take some of the stress of a piling to-do list off your plate.

9. Find Some Inspiration

Sometimes you may find your goals becoming a little stale, so you should search for some new inspiration. This can be joining an online forum that is specific to a hobby you'd like to try. Anything that will bring new inspiration can help you become excited to tackle the challenges you will face.

10. Sign up for a personal finance newsletter

By signing up for a newsletter, you can have effective financial tips delivered to you weekly. The best part is most of the sites that offer newsletters are free of charge, so make sure you take advantage.

11. Protect your money, change your banking passwords

Most of us are guilty of it- we use the same password for a long period of time. Doing this can put your accounts at risk. Updating your bank passwords regularly can help protect your accounts and keep from hackers from accessing your information

12. Set up account alerts

Just about every financial account has an alerts feature. From your Checking or Credit Card account to your Brokerage account. Knowing where your money stands can prevent future problems.

13. Find a better bank account

Paying banking fees does not have to happen. There are plenty of options available to help you avoid paying these fees. By researching the details of opening a new account at various banks, it will help you decide which bank is going to be the best fit for you.

14. Get Competitive

Who can resist a good challenge? Try a face-off against your spouse, sibling or friend to see who can save up $200 first. Or set a date as a finish line and see how much money you've each saved by that point. You may be surprised at just how quickly your savings add up. May the best saver win!

15. Try a spending quarantine

Delete your Amazon app for 30 days and see just how much less you spend. You can also avoid stopping for your morning cup of joe. Taking small steps to limit spending can really add up in the long run.

16. Decide on an investment account

With all the current volatility in the markets, it may be beneficial to enlist some professional advice. There are options where you can speak with a financial advisor free of charge to discuss potential investments.

17. Protect your retirement accounts

Once you open a retirement account, you usually never consider updating our beneficiaries. Life happens and sometimes that means our original selections may not be right. This only takes a few minutes, and your heirs will thank you.

18. Create a money routine

Having a short daily, or weekly financial routine can help take the stress off. Try tackling this financial task routinely, no matter what. It can become a routine that you practice daily that will help you save money that you can transfer into your savings.

19. Delete one thing from your to-do list

The last two years have been stressful. Deleting one task off your to-do list no matter how small, is a huge victory. Tackling your to-do list can be stressful, so make sure that you aren't overwhelming yourself with trying to get everything done in record time.

20. Money talk

If you don't have a professional financial advisor, sit down with people you trust and have a money talk. It is one of the best ways to learn more about money. Financial education is the key to making good decisions.

21. Essentials-only budget

If you might lose your job, having a written list of the expenses that are essential to live will help you determine how long you can make it if unemployed.

22. 2-year financial plan

Having a plan for what the next two years will look like will be much easier to create than a rest of life plan. Creating this shorter plan can be fun and enjoyable, and it gives you tasks that are more attainable.

If you would like to receive more information on making smart money moves for your future, be sure to contact us today!


The Pros and Cons of Hiring Young and Tenured Real Estate Agents

About the author

Van Pappas Headshot

Van Pappas

Vice President, Private CFO®

Van Pappas, CFP® - Van is a native of Atlanta. He holds his undergraduate degree in Finance with an emphasis in Real Estate. As a planner for 15 years, he earned his CFP designation from Kaplan University. He is currently the Chairman and founder of the Chamblee Chamber of Commerce and sits on the Downtown Development Authority for the City of Chamblee. In 2012, he noticed the value of helping the X-Y Generations and decided to merge his practice with oXYGen Financial.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. Investor Disclosures: https://bit.ly/KF-Disclosures

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.

Background and qualification information is available at FINRA's BrokerCheck website.

Sign Up

Sign up for our exclusive Sunday Paper with a weekly market commentary, insightful personal finance blogs, and life changing education guides.

Email sign up

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. https://Bit.ly/KF-Disclosures

This site is published for residents of the United States only. Registered Representatives of Kestra IS and Investment Advisor Representatives of Kestra AS may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact Kestra IS Compliance Department at 844-553-7872.

PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. Kestra IS and Kestra AS makes no representation as to the completeness or accuracy of information provided at these web sites. Nor is Kestra IS and Kestra AS liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, web sites, information and programs made available through this web site. When you access one of these web sites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.