Transfer Tuesday is the personal finance movement where each Tuesday we send money from any source we can towards our financial goals.
Transfer Tuesday is all about being consistent and making progress financially. No matter how small an amount transferred feels, it all adds up.
How Transfer Tuesday Started
I started Transfer Tuesday to help me pay off my debt faster and improve my motivation.
I was very demotivated waiting for the one time a month where I could make a debt payment.
So one week I decided I would simple send whatever money I could to the debt instead. Even just $5 if I could find it would be transferred as a debt payment.
I’ve felt very demotivated the weeks before since I wasn’t making much progress on our financial goals, so I took action and created a new way to feel motivated for myself.
That first Transfer Tuesday video in October 2019 was a turning point in both my own debt payoff and what has become the Transfer Tuesday movement.
I spent the next two years continuing my weekly Tuesday videos where I would transfer saved money and extra money toward whatever financial goal I was working on at the time.
I eventually paid off all my debt, saved an emergency fund, worked on paying off our mortgage, and built up several investing accounts.
The weekly habit of moving money toward financial goals made my personal progress skyrocket.
What Is Transfer Tuesday?
Transfer Tuesday is now something many other people have decided to participate in as well.
I started the Transfer Tuesday movement to motivate myself on my debt free journey it is amazing to see others taking it up and paying off their own debt.
Transfer Tuesday is just the name of the day where we use whatever extra money we have to make progress on our goals and celebrate the smaller wins throughout the month.
Each week I commit to doing SOMETHING no matter how small to move me closer to reaching my financial goals.
It started with $5 in a week and sometimes I’m doing $500 or even $5,000. It’s truly about forward progress each week.
Every single week I’m committed to working on my financial goals even as those goals change. Making consistent progress every week is helping us get closer to our big dreams.
Transfer Tuesday is the day of the week where I share our financial moves to stay on track and it has motivated many others too. It has been amazing to see this series become something that is generating hundreds of thousands of dollars worth of positive financial progress.
How To Participate In Transfer Tuesday
You can follow along with Transfer Tuesday in a few ways:
- subscribe to my YouTube Channel
- follow my Instagram
- search the hashtag #TransferTuesday on both YouTube & Instagram
- watch, like, and comment on Transfer Tuesday posts and videos
You can also participate and use Tuesdays to get closer to your own financial goals.
Here are a few ways you can participate in Transfer Tuesday:
- create your debt snowball or financial goal plan
- find ways to earn extra money
- learn ways to save money throughout the week
- on Tuesday, calculate that extra money and make a transfer toward your goal
- share your money move and financial progress using the #TransferTuesday hashtag and tag @penniesnotperfection too!
There aren’t really any rule and the main goals are simple:
It’s exciting to see this community growing. It is so motivating to me to watch people pay off debt and make big financial progress beyond what I could have imagined!
Every single week I’m committed to working on my own financial goals with Transfer Tuesday and I can’t wait to have you join me!
Mary is the founder of Pennies Not Perfection where she shares her journey to build wealth through online income. She quit her day job in 2021 after she paid off her debt and doubled her 9-5 salary.
Mary's favorite free financial tool is Personal Capital. She uses their free tools to track net worth and work toward to financial freedom.
Her favorite investment platform is M1 Finance, where she built a custom portfolio for free with no fees. She shares her portfolio growth and savings progress every month on YouTube.