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How to Save Money In College

**How to Save Money In College**



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This video covers the 6 tips for saving money in college. Whether you are in college now, or will be soon, it’s important to understand your personal finances and how you can optimize your savings and financial knowledge for after school. Learning how to save money in college now will be especially beneficial as you move through college and into your career.

Many college students struggle with not having enough money, overspending, and constantly feeling broke.

This video will give you a few ways you can make extra income, save money on school expenses, as well as book recommendations for personal finance.

Here is a brief overview of the 6 tips.

1. Set a budget

2. Find a part time job.

3. Avoid tempting credit card offers while in college.

4. Avoid new textbooks, and buying at your bookstore.

5. Learn the basics of financial literacy.

6. Understand your student loans.

Those were the 6 tips and make sure you stay to the end and get the bonus information we provide you on saving for retirement.
in this video I'm going to cover six tips on how you can save money while you're in college the first is to set a budget the most important part in establishing your spending plan is analyzing what your income will be per month whether it be money from your parents student loans or best yet a part-time job this should only take 20 to 30 minutes and you should do at the beginning of the semester or quarter your actual expenses might change a little for month-to-month but the most important part is that you have a general outline to follow you'll want to focus on how much you can spend on food entertainment transportation and books for the semester once you see everything together you can figure out what you can cut down on to save a certain amount if you are a freshman living in the dorms you will most likely be required to buy a dining hall meal plan and this will be creating your spending plan a little easier but one thing I watch out for is how much you go out to eat with friends because this will add up quickly when you enter into college you will finally be on your own and will be responsible for your own finances take this time in college when you have a limited income to build good habits now one great way to tackle all your spending is by using the free app and online service mint this is not a sponsored video or anything but rather something I personally used to keep track of my own finances tip number two is to find a part-time job a great way to improve your spending plan is by obtaining a part-time job while you're in college a part-time job will give you extra income to do fun things with friends go out to eat travel on the weekend eat healthier and more luxuriously than mac and cheese or Top Ramen one of the most convenient places to work at is your school on-campus jobs are perfect for students because these jobs are typically more flexible with your school schedule you can find on-campus jobs at your gym bookstore restaurants dining hall or grading for professors another option you might want to consider is becoming an RA or Resident Advisor for the doors of your school after your first year this is a great option for students looking to save money on room and board because most schools will give you free housing and exchange for being an RA which can easily save you ten thousand dollars for the year number three is to steer clear of tempting credit card offers by the banks on your campus although it is important to build credit if you're trying to finance a car or get an apartment waiting till you graduate college and having a monthly income is most likely the best decision for most students it's important to realize that credit cards are not free money whenever you spend on a credit card you will need to pay off at the end of the month the difference between a debit card and a credit card is that with a credit card you are billed at the end of the month for your spending whereas a debit card is linked to your checking account and the money comes out immediately if you use your credit cards and maybe buy a meal each month and you always pay it off then awesome you'll build credit and won't gather any fees or interest payments but many students go overboard since they don't have to pay the money back immediately tip number 4 is to not buy new textbooks and ideally don't buy it from a University's bookstore you should always rent buy used bar from a friend or find a free PDF version you can save hundreds of dollars each quarter or semester simply by renting or purchasing used textbooks which can add up to at least a thousand if not more in savings over the course of your college career just to show you an example I looked up a book called fundamentals of engineering thermodynamics a required book for mechanical engineering students at the University Bookstore I checked out it was $200 to buy used and 228 to buy new that same book sells used for 150 on Amazon and you can rent it on Amazon for $50 there's also Chegg which is a popular site to rent books a website I personally used with slug books comm all you do is type in the book you want to look up and it lists up a bunch of different websites and tells you the prices of the book at all of them and whether it's to rent it or to buy it in addition to buying used textbooks you should always wait to buy the book until you attend the first class session to see if you actually need the textbook first week of every quarter or semester is primarily used for taking attendance and going over the syllabus and with services like Amazon and Chegg they can get you a textbook in two days there's really no need to buy the textbook ahead of time unless the professor specifically tells you there will be homework due in the first week of the term lastly if you think you will very rarely need the textbook and don't want to rent or buy the book your library should have a couple copies on reserve however it is important to know that come midterms and finals week you and your classmates might be competing to check out the same book number five is to learn financial literacy begin investing in yourself and start learning the basics of financial literacy the best way to do this is through personal finance books and podcast reading for recreation is often a challenge during the school year because of the volume of reading assignments homework papers and labs so an alternative is listening to books on audible or listen to podcasts while you are walking in a class start educating yourself on the basic retirement accounts like an IRA and a 401k when I started my first job as an engineer the second day I just set up my 401k once I got to the page I needed it gave me options to invest in small cap stocks large cap stocks bond international equities and more and my boss as well as yours will not explain this to you it's all on you luckily there's often an option for you to set a year you will likely retire so for those starting out it might be a 40 year plan and they invest the money for you but if you have more experience in this then you can control where your investments go and I don't know about everyone else as an engineer no class I ever took taught me about investing stocks or bonds but luckily I taught myself a little about this before graduating if not I would have had no idea what any of these terms meant you should learn the difference between a Roth and a traditional IRA or 401k and possibly start investing when you come across some extra cash the most important part is you know the basics of financial literacy you are ready for when you graduate college three books that I found helpful and understanding the basics of personal finance include I will teach you to be rich the Total Money Makeover and money master the game just by reading these books you will pick up the basics and be prepared to be financially responsible for when you graduate college and last is to understand your student loans when planning your spending plan you want to look at how much money you will need for school one huge mistake students make is that they take out more student loans than they actually need unlike any other loan student loans stay with you forever until they are paid off you cannot declare bankruptcy on them and make them go away like you could a car loan it's important to look into which loans you qualify for know the interest rates and always know the principle balance you owe let's break this down if you have student loans at 7% interest per year and have to pay them off in 10 years here's what your monthly payments would look like and just remember how much your interest increases the total you'll pay over the 10 years so for example if you take out $40,000 in loans at 7% at the monthly payment over 10 years you'll pay fifty five thousand six hundred and eighty dollars that means you pay 39 percent more than what you took out seven percent didn't seem so bad but it's more than you probably think and look at this if you can manage to take out 30k instead and pay it off over ten years you'll pay a total of about $42,000 so look at that by taking out ten thousand dollars less than student loans you spend over thirteen thousand dollars less over the ten years so you see every scholarship every early payment taking that are a job for free room and board or renting the textbooks will seriously help to saving X amount on loans now really means you're saving more later on and just a disclaimer know that there are different types of loans out there and you will likely have many with different interest rates so make sure you know what applies to you in addition students should not take out more student loans than their projected first year annual income when you get to college is a good idea to go to your financial aid center at your school at least one to two times a year so you can stay up-to-date on information about your student loans grants you might be eligible for and scholarships if you are getting student loans you will need to apply for FAFSA every year and lastly it's important to know who your loan provider is what type of loans you're receiving and how much you are taking out every quarter or semester in conclusion it's crucial for students to implement good spending behaviors early no one is going to learn personal finance for you start with these financial tips and grow from here and as a final tip one thing that gets overlooked by young people because retirement feels so far away is that they don't start saving as soon as possible remember if you put $1,000 into a retirement account at 20 years old it will be worth around fifteen thousand dollars that retirement if the market does well doesn't seem like a lot but starting early allows that compounding interest to happen even faster this will be covered extensively in the personal finance books listed before but it is never too early to set aside money for your retirement we live in a time where retirement age is being pushed back and where social security pensions will be a thing of the past the simplest approach to personal finance and savings for retirement is using the 80/20 rule using 80% of your earnings on your bills and expenses then 10% for long term savings and 10% on yourself if you liked this video don't forget to Like and subscribe and I'll see you all next time you

The Increasing Cost Of College Tuition - Dave Ramsey Rant

**The Increasing Cost Of College Tuition – Dave Ramsey Rant**



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Going to college without debt is possible! Don’t let your kids fall into the student loan trap. Our new book will teach you how to pay for your kids’ college without …


**How to Save Money in College**



View Time:1:21Minutes



Read more about the best ways to save as a college student:

Struggling to save money? We feel you. Here are the tips you need to help you start adulting.

College costs a lot. Duh. But it’s more than just tuition and room and board.

The cost of books alone will make you cringe, but there’s also school supplies, meals out when you just can’t stomach the mystery meat in the dining hall, activity fees (which most colleges conveniently don’t mention until you want to do extracurriculars), and of course beer (for those students over the age of 21, of course).

That measly amount of money you make as a work-study student, or a side-job that exhausts you, can be hard to stretch. And the thought of actually saving some of your money seems impossible. But there are a few places where you can find an extra few dollars here and there.

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congratulations you're in college both Lee you're having the time of your life but if you're finding it hard to make ends meet you're not alone everyone in college seems to have more beer than sense but no one's talking about the elephant in the room money where is all that money coming from and how is it even possible to save money at college the good news is it's totally possible first off you can earn money by working at set up events or at the local coffee shop you can even try busking all great ways to make some extra cash and if you're earning that extra cash try to keep it minimalistic when it comes to well everything that means cutting down on crazy expensive meals using public transportation when possible and not wasting your money on expensive textbooks as a library on campus for a reason people and if you see free stuff take it go to free events why not for those of you who thought studying abroad was a good idea unless your parents are swimming in money we recommend skipping that one Paris can wait so no excuses don't make the costly mistakes of your fellow students try our top tips to get out of college with minimal debt

How to Budget Your Money | Nurse Edition

**How to Budget Your Money | Nurse Edition**



View Time:16:56Minutes



Let’s talk budgeting! We explain how we budget, why we do and I show you how I track our income and expenses!

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I am a 3rd year SRNA & ICU nurse. I went to nursing school to get my ADN, started working and then went back for my BSN. I was a travel nurse for 2 years before starting CRNA school. I loved travel nursing so much but I also love anesthesia so I went back to school to become a CRNA. I plan to continue my travel nursing career when I become a nurse anesthetist! Fitness is also a huge part of my life. I’ve competed in powerlifting and Crossfit. Jon and I own a gym together! We are also foster parents to dogs and (soon to be) children!

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hi everyone and welcome back to another video today's videos gonna be about budgeting because when I made my ping for school without any student loans video everybody wanted a budget video too so I'm gonna be making that today and I have my guest star husband here John because he's the finance guy and if you thought his channel as well you'll know if you don't go ahead and give it a follow because a lot of the stuff I learned this video actually came from him so we want to give him some credit too so we're gonna get right into it but first I wanted to give you guys a little update on our foster care situation because a lot of people have been asking what's going on with the foster child and if we're gonna be getting a foster child soon as you know we started the process of becoming foster parents in November 2018 and it's now June 2019 and we're still not certified just do delays hopefully we'll be approved in the next two or three weeks we'll definitely be approved in July she said so that's something to look forward to we initially have thought we're gonna be approved in May but stuff happens and things just take longer than you think so we're eagerly awaiting we have everything ready and we'll update you guys as soon as we know something anyways that's what's going on with that so now let's get into the budget the first thing is going to be having a reason for budgeting this is so important because if you don't have a reason or a goal or something that you're working towards you're not gonna stay on track you're not gonna be motivated to save money because who wants to save money just to save money and this is something I learned from John because we used to just work work work and save all of our money with no goals or no reason for doing so and as we got a little older he started saying we should have a goal or a reason that we're saving our money so we don't just feel like we're working and getting burned out and then we can celebrate the accomplishments along the way right I definitely think you need to have your why or an emotional attachment to a large goal like she said I guess we're kind of weird we could save without having that big goal we just like saving to save and I guess we had a vague goal we knew we were saving for something we just didn't define what that was and once we defined what that was we saved even more diligently and more strictly and it got us more excited about the future and about saving and we weren't just putting money away just to put money away so whether that's being debt-free or travel in the world or retiring early or putting your kids through school or buying your mom a car whatever it is putting an emotional attachment to that goal and to the reason you're saving and you'll get there much faster and also feel better doing so when you put that $500 to the side it oftentimes doesn't feel that great and in fact it could sting a little bit because you could say I could've bought clothes or shoes or whatever the case may be but if you say half up with this $500 away right here and I calculate that I know within three to five years that's going to buy me my dream home or pay off my parents house or allow me to travel the world whatever the case may be you'll feel better about saving that money so that's all we really have to say about setting a goal really the goals can be personalized to you guys could be your children's college fund it could be really anything so yeah set a goal write that down and remind yourself of why you're doing this okay another thing we wanted to talk about and this is mostly pertaining to couples so if you're not a couple this is probably gonna be important it's sometime your life but right now it's really important to us and that's communicating about your finances um when you set a budget you need to communicate your expectations to each other if you have somebody who's very frugal and somebody who's a big spender there's gonna be a lot of conflict there so you want to establish everything upfront what you expect of each other and hold each other accountable so doesn't create friction down the line and I highly recommend don't hide your finances from your significant other I heard a lot of people do this they have like other accounts or other cards because they don't want to shop and order stuff then I order stuff and bring the packages in before the other person gets home to hide it and I think you're just setting yourself up for fights and failure there so I don't suggest that at all I would say to each their own a little bit on that like some couples go their entire lives I'd say very few but good their entire lives with separate bank accounts and separate incomes and all that separate retirements and never discuss it I'd say that's really rare and I don't recommend it why not put two heads together and work together towards the same goals I think if you're a couple and you want to make your marriage last anyway you should have relatively the same goals you can have different goals as well but like as far as life and the ultimate outcome I think should be a little bit on the same page but yes communicate often and regularly and also have a way to track each other and keep each other accountable so we actually still have separate bank accounts but we communicate so well that that doesn't we've never had a joint account we basically split the bills for a really long time when we were together and now we just work together really well with finances and we don't need to have a joint account because we hold each other accountable with our budgeting it was tracking everything like he said it's gonna be a little different for everybody communication is key and we recommend having weekly or monthly meetings about your finances if you're just getting started and you have a lot to work on he usually recommends I'm speaking for him he's already nobody tells people I'm capable why'd you just run my YouTube channel – he usually recommends that you meet every week and talk about your weekly budget what you did wrong what you did great what you could do better and later down the line you say you can meet monthly right right I mean you can get it down to yearly if you really want to just the more you stay on top of it the more I want more on track you're gonna stay and it leaves less room for error over time so if you're checking on it weekly it's very rare that you're going to get a wrong charge or somebody's gonna spend money out of turn and nobody's gonna know about it if you let that go like six months it might be too late to fix that exactly so part of budget setting the actual budget setting is to figure out your monthly expenses I'd say this is like the first important thing you must do when you're creating a budget because you have to know what your fixed costs are what you have to spend every month and some of those things would be like rent electric phone bill insurance anything that you have to pay every month and after you figure out all your fixed costs of stuff that's completely unavoidable you're gonna want to figure out your variable costs or your discretionary in discretionary your in discretionary costs and that's basically stuff that you don't need to buy but that you want to buy and stuff you could avoid but it also might make your life better so you might want to incorporate that into your budget as well um I like John talk a little bit about wants versus needs for a second because that's the only thing he's passionate about yes I'll touch on what she just said you want to get all your fixed costs down you know and try to categorize it don't just write all these expenses down in a row it's hard to keep up with but you know your rent electric all the all these should have their own category and should be tracked each month it's that way you know you're not spending $300 in your electric bill when you really could be spending 150 and you're not tracking it so you don't know you're spending that much more than you should be another thing is you can do is you can call these people your cable bill your insurance company sometimes even your rent you pay a few months up front and get these bills down I know like if you call your cable company and say look I want to cancel sometimes they'll cut your bill about 25-30 percent same thing they're an insurance company same thing with your cell phone plan all these can be adjusted so you want to try to get those down as low as possible and then move on to your discretionary funding and you can totally control this like she was saying this is your once versus your needs I think a lot of people would do much better than their budgets and overall finances if they got down this simple concept of once versus needs when you go to buy something when you go to grab something off the shelf when you get online the shop ask yourself do you want it or do you need it and if you want it that's okay we all have once but if it's not a need it could wait and just by waiting on simple things a bunch of little things like that it could really add up to thousands of dollars a year and put that money towards your real goals that goes that mean more to you than just a pair of shoes and that will pay off in the end one thing that we do is we want something that's outside of our budgeted money we don't go to our savings or something else and take the money we do something to make that money to be able to afford the thing we want in addition to our budget so say that we want to go kayaking one weekend it's gonna cost $200 to rent the kayaks to kayak for the day and we need to pay for gas up there we need to pay for lunch and dinner while we're there all that stuff we didn't plan this out we just decided we want to do it well or find some way to make the money for that whether I can pick up a shift as a nurse John can pick up some extra clients we can do some kind of side hustle to make the money we do all sorts of things random makes money on the side down the corner don't worry about that we won't get into all that just in this video but we have a lot of different ways to make money so the purpose of me saying that is just to say that you don't have to give up having extra things but you do have to be very conscious of your budget and if you want something extra you need to work for it or if it's not worth working for just skip it until you've met your goals don't don't be like me she yells at me for this is I'm really bad at this I'll do a side job or pick up some extra money or do something and then she's like okay we have the money and I said no that's savings we have to pick up another side job for the money I'm off with that she's like didn't you just pick up extra money to buy this side set item and I said no that didn't count so stick to your goal of what you did that side income for it because otherwise you'll drive yourself you're you're a lot better about it now than he used to be but he used to pick up a job to make $80.00 and then say oh okay we'll go out to dinner like that'll be like $30.00 or something and then he then somebody else will call Andy Billy actually that's not gonna be for this anymore I'm gonna do these other 800 jobs and then it would all get convoluted and it would all end up going to save use anyway so it's not necessarily bad but in the long run it's probably not sustainable not for most so the next thing that's very important and one of the most important things is tracking your spending for accountability for projecting where you're gonna be when you're gonna reach your goals you need to track everything because if you're not tracking everything you have no idea what's going on and your mind is not a reliable tool for tracking your spending because it's very selective and it will leave out all that little stuff you do and think it's not a big deal even though it is once you got it up in the end of the month and you've spent how much on coffee you do this that's a lot of coffee every day right yeah you save like hundreds of dollars a month right well depends on how much coffee you drink you're just saying to track everything and the more you track the more you'll hold yourself accountable for your spending and this is super important and we do spend money on in discretionary things we like to go to eat grab Chipotle grab ice-cream grab a pizza things like that say ice cream again because you spend almost all of our money on ice cream I like ice cream a lot okay so how to track so tracking is just this simple you're gonna get a notebook I call it the playbook you're gonna take that notebook you're gonna write on in front of it playbook 2019 or whatever year it is and then you're gonna categorize your expenses and you're gonna write in it each and every single day every time you get home from work that night both of you or all three of you or how many ever there is need to write in that book everything you spent some time yeah I'm not judging anybody so anyway you're gonna write all your expenses in that book every day and then at the end of the week you're all going to sit down and go over it together and hold each other accountable you do not want to fight or argue this is super important the book should be a happy place not a mean place so when you sit down to go over this I would say for instance Rihanna this week you spend seven hundred eighty dollars on the ice cream how could we how could we improve on that someone must've stole my card yeah right so how can we improve on that seeing this you've got to stop buying an ice cream this won't work and get mad that's never going to work so do not do that work together now if she buys ice cream the next week and the next week at the same rate divorce yeah absolutely immediately you just go down to the divorce lawyer and you get a get a divorce immediately no seriously maybe some counseling something like that but anyway you have to figure that out together and work together so do that with a book the reason I like the book and not the apps Andrea has her own way of doing it which is also fun but I'll talk on mine with the book and the pen and paper it has a motion to it and you are actually physically doing this so please just get that notebook and keep track of all your expenses and I think it'll go a long way for you I know I keep seeing couples and throw pools and all that but if you're single all this applies the same their notebook the spinning the tracking and goal-setting all that applies the same I just get hung up because we're sitting here as a couple but if you're single this works just the same yes and if you're single you'll have to hold yourself accountable which might be a little bit harder because nobody's forcing you to do something but you also don't have to argue with anybody and you're in control of everything so there you go great all kinds of sounds are being single yeah maybe we should do it I'm just kidding guys so um how I like to budget my money is through an Excel spreadsheet I like to use an Excel spreadsheet to budget my money because it does the math for me and I still have to physically type everything in there but it does the math for me I separate it I'm gonna actually show you soon as we're done talking so you can do whatever method you want we actually don't agree completely on this because John prefers pen and paper and I prefer virtual because I feel like pen appeal first rule virtual digital I preferred digital because I just feel like it's more accessible you can upload it to your Google Drive you can access it from your phone or anywhere and you always have it I feel like when I mess up on pen and paper and actually cross it out I want to start a whole new sheet that's probably my though as long as you're tracking that's the important part of that and actually I'm going to show you my spreadsheet right now and I'm gonna link John's PlayBook video below because he showed you how he sets up his budget book and how he helps his clients set up their budget books if they want to keep it on paper versus digital so I'm going to link that video below in the description box and let's go to the computer and see my excel sheet okay now we're gonna take a look at the Excel spreadsheet I just call it our current budget as you can see in the bottom left I organized it by year so first we have the bills which I categorized with a note based on what they are I just put in some examples here for you to see just so you can get a feel for how I do it and then down at the bottom it automatically tows the columns so I can see what my bills are for the month obviously it's not all of our bills then we have groceries gas eating out beamers expenses medical expenses cars taxes our travel which is very important but we don't get to do it every month I still leave that on there just in case our business expenses which is a whole separate thing but sometimes stuff comes out of our personal money we need to track that and then others just for miscellaneous things if I pick something up from the store or whatnot then we have income here which I'm just gonna put on a random number to show you how this works I track all of our income over here and then it totals this down at the bottom and then if you see over here to the right it actually carries everything over for the year so you can see January had a thousand and 975 out in this scenario and at the end of the year it totals everything down on the bottom so you can see what you net for the entire year then I'm just showing you this whole sheet so you can see how the whole thing looks the same basically and I just do that throughout the year try to keep this up to date as much as I can and it really gives you a good overview what you're spending we could spend less on and what you're doing well hopefully that spreadsheet gave you some insight under how I do my budget and hopefully helps you set up your budget as well um I think that's about it for this video yeah big final thoughts are is Senate budget set it go and work towards it hold yourself accountable be disciplined I think that's the biggest one here it's gonna take a lot of discipline I understand all the temptations to spend the money I'm a huge car guy she knows this about me but a long time ago cars to buy but doesn't right I've gone in the dealership's before I just I can't do it because I know that that money that I spent on that car not only with the car depreciate but that money could be used to go towards investments and houses and make a return on that investment eventually I need to get to the point and just let go and buy something I really want right so maybe but it's hard for me for now but it's because I've developed so much discipline you know now it's just second nature to us to save and work towards our goals it's nothing for us to pass up on a dinner or to not buy that case of beer or buy super expensive vacation like it doesn't even really cross our minds anymore we have once but we just are really good at not acting on them anymore exactly and really like when we go on vacation for example because you guys know we love to travel even though you haven't seen a ton of that because I started this channel after I started school and ruin our lives but normally you like to travel a lot and hopefully we get to go on a trip soon but we'll stay in a less expensive hotel or even an air B&B and explore that country and have the same amazing time that we would have we're staying in a five-star hotel of course that hotel is probably more comfortable more luxurious but really is it worth spending five or ten times more than we would spend for a cheap air B&B but I'm going off on a tangent but I just wanted to say that there is balance so maybe we save in Airbnb for eight days and then we stay in a nice hotel for the last two days yeah my closing statements are if you're one of guaranteed get into CRNAs score nursing school if you want to finish school without debt and if you want to get the highest paying job as a CRNA when you graduate you need to go subscribe to my channel oh I wonder what you're gonna say when you said guaranteed to get into CRNA school I was like oh don't say that okay I already showed use channel the beginning if you haven't subscribed already make sure you subscribe now because you know we want to help them yeah a thousand that's all I'm asking for it and I'm like right there almost there it's right there yeah so subscribe to this channel and I hope you guys have a great week see you later

How To Save + Budget Your Money | Get Out Of DEBT + Reach Your Financial GOALS

**How To Save + Budget Your Money | Get Out Of DEBT + Reach Your Financial GOALS**



View Time:6:26Minutes



This is how save and budget my money! You can have financial freedom even while in college with these money saving tips + hacks. I have saved over $1000 dollars just buy doing these budgeting tips. I also share the best credit cards for students! Check out my Budget planner setup + Subscribe to see my Budget Planner for 2019


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what's going on everyone welcome back to my channel my name is hailey Cairo if you are new and if you are a returning subscriber I am so glad you guys are back for another video today I'm gonna be sharing 10 things I wish I knew about money before I became an adult but first click that subscribe button and turn on bail notifications so you never miss a video and follow along on social i've recipes and wellness and productivity tips and you do not want to miss them I spent a decent amount of time thinking about my financial decisions that I had before I turned 18 and then like right after I turned 18 I kind of wanted to share my thoughts on this and hopefully I can prevent some of you from making the same mistakes that I made the first thing that I did was every time I got money I should have put 20% away at least my dad always told me to do it is like looking back at that just that little thing if I would have done that I would have had so much a stinking cash every time I had money from either a birthday holiday whatever small little jobs that I did before I turned like 16 I could have had a decent chunk of change even after I had jobs when I turned 16 I didn't save enough money it was like I got money and I spent my money because it was the first time I had a little bit of financial freedom and it was like at that time phone cases in American Eagle and beer Bradley that was my high school experience I have nothing to show for the work that I did before I was 18 no dollars zero nada the second thing is that there is no get-rich-quick scheme and I knew that work was a thing that was you were in it for the long haul but I definitely got wrapped up in being like when I hit this milestone in YouTube I'm gonna be making this much money and be fantastic but there is no quick anything in terms of making money but you have to be super focused have a plan and work at it for the long run that is how you make your moola the third thing is to start saving now if you have not started saving today is your day especially if you don't have a lot of expenses right now this is your time to save that money if you don't pay rent you don't have loans oh my gosh you are golden like you can save a ton of money by the time you're like 25 so well I recommend doing if you don't want to open a bank account right this minute just commit to saving $20 in cash every single week I save a few thousand dollars a year just by making this a habit 20 bucks out in cash anytime I go to the store but if we're talking real bank accounts make sure that you open up a 401k when you get a job that's usually an automatic thing but a Roth IRA is something that you can do on your own you can put it think $5,500 in it a year but it's supposed to have compound interest and you can take it out when you're much older I started my Roth IRA two years ago that is money that I don't even see and I love knowing that it's there you guys can also look into mutual funds that's kind of my next venture but that's basically another way to get interest on money that you will not touch for a very long time the fourth tip is that credit does matter and I know that there's a lot of talk about not having credit cards and all that kind of stuff you know Dave Ramsey he's a very anti credit card but you still need credit so you do need to look at your lifestyle and figure out how you're going to start having credit history at a young age without having credit cards if you don't have a car payment you don't have school loans you're not buying a house anytime soon getting a little credit card might be the best option just start put gas on it get your groceries but don't keep it with you for spending I was so mortified when I learned that I really didn't have a good credit history my score was good but your score has a couple different factors that give you that number but history and credit variety was where I was lacking because again I didn't have a house at the time I didn't have a car mortgage car mortgage car loan I do now thank goodness which I know sounds like a oxymoron like why do you want a loan it's one that is within my means I'm not living above my means and it's helping me to establish credit history the fifth thing is that bank fees are a no-go don't join a bank if you have annual fees if you have a monthly fee if you have a fee every time you want to transfer something do some research find a local bank that doesn't do all those crappy hidden fees super unnecessary and avoidable the sixth tip is to pay you first you meaning all of your death and all of your savings before you spend anything that is necessary as a bill alone those go first then savings then spend try to eliminate spend if you get the seventh tip is multiple streams of income now this is something that right away when I decided to kind of make the switch to being a sole proprietor was necessary to live we are very much past the days of going to a nine-to-five and not being it a lot of people have side hustles multiple streams of income it's kind of a thing these days if you're not taking advantage of the internet it's a little silly so definitely look into how you guys can make some extra cash side note I'm going to have a bunch of videos coming out all about my favorite budgeting apps saving apps and apps that make you money so make sure you're subscribed so you don't miss that I think a lot of people think of money as a way to just buy things but it's really a tool to help you achieve your goals so I think switching your mindset to how you think about money it's not so much like once I have X amount of money I can buy this I started thinking more about investments when I started making some more money because now instead of saying well now I have money to buy this it's more like now I have money to do this and invest in that so it grows expand and you get the last and final tip is do not go broke to make yourself rich whether that's investing in a course or a program that may or may not be lucrative investing in something that may or may not be lucrative or just making some dumb decisions make sure that all of your financial things are you know really thought out and get opinions from other people people who have done it before you who have more experience and just be smart I know it can be really challenging there's a lot of noise when it comes to entrepreneurship making more money doing anything on the side it's way easier these days to turn nothing we're very little into a lot so don't invest a ton and if you're starting out and then you don't have anything to show for it start simple so those were my 10 things I wish I would have known about money if you guys like these videos I appreciate the thumbs up and subscribe to my channel follow along on social so we can keep having more conversations like this over there I'm gonna be sharing my 2019 budget planner with you guys as well as some other really cool money-saving videos like grocery shopping and all of the apps and that stuff but as always I hope you guys are doing well and I will see you in the next video