5 “Not Terrifying” Tips About Money That Work

 

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Let’s start off with some honesty.  I’m 25 years old and just now getting the whole money thing.  Before my life consisted of responsibility, the thought of having enough money to get me through till next pay day wasn’t even a remote possibility. Saving for a new car? God invented taxis. Paying back my student loans? You mean I have to pay that back?  Of course, reality punched me in the throat and that all changed.

Eventually the cord was severed and I had to become responsible for my wants and needs.  College? Put that on my tab now.  Blowing 200 dollars on clothes and not paying my car insurance? Couldn’t excuse my way out of that one anymore.  I was suddenly staring at my financial situation trying to figure out how to do damage control.  I had literally walked through life thinking that money would be taken care of for me (to my demise).  Luckily, I have been able to learn from my financial mistakes…enough so that I felt confident in passing on my newly found knowledge to you.

Don’t be afraid.  Money isn’t bigger than you.  It may seem like it, but the real problem is a lack of knowledge. With knowledge managing your money can be something you will actually want to participate in.

The habit of saving regularly is more important than the amount being saved.  Money doesn’t grow on trees so don’t act like you’ve got plenty of it to save and spend.  Once you’ve taken care of yourself, whatever you can afford to put away is what you should put away.  If you’re consistently saving, don’t worry about how your savings will grow.  You’ve just taken care of that.    Continue reading