When I was a teenager, before I had a debit or credit card, my father taught me how to manually balance a checkbook. He made me keep every receipt from my purchases, and at the end of every week we would sit down and do the math to see my current checking balance. If the total matched my most recent bank statement, then we were done. If it didn’t, we poured through each purchase to find the inconsistency. This practice taught me some valuable lessons, like making sure you didn’t get overcharged or ensuring you didn’t overdraft. However, one major lesson was lacking from my father’s teachings — the necessity of budgeting. In this post, we will discuss my favorite budgeting application, Mint.
Millennials own the dubious stereotype of being entitled and impatient. As much as the word “Millennial” makes me cringe, the cohort’s sociological trends, financial well-being, and career aspirations are interesting topics. So many Millennials, myself included, have been haunted by the question “What now?” In this post, we will talk about what it means to set goals as a young adult, and why it is important.
When I first began investing, I was completely lost. There were so many names, acronyms, and terms that I had never heard before. Like so many families in America, mine didn’t talk about things like investing and money. I had no idea how to start, and as a result I made some silly mistakes. This post will be geared toward someone like myself when I was starting my career: young and naive, but willing to learn. I want to talk about my favorite investment vehicle: The 401k.
Life is unpredictable, especially when it comes to finance. It seems like every unexpected financial event is negative, but sometimes the news is good. We just had a pleasant financial surprise — we received a $10,000 inheritance! Here is how we are handling the financial luck in a responsible fashion, and what you can do as well.