Millennial Moments

14 tmw we get excited about finances

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https://archive.org/download/14TmwWeGetExcitedAboutFinances/14%20tmw%20we%20get%20excited%20about%20finances.mp3

Show Notes:

Would You Rather:

  • pay off your debt or go on a vacation
  • worry about money or worry about happiness
  • buy now and pay off over 5 years or save for a year and buy cash

    • Getting Excited About Finances:

    • What “finances” mean?
      • Definition – the management of money
      • Spending and saving
      • What are some basics of finance?
        • Don’t spend more than you earn
        • 50/30/20 rule
          • 50% goes to bills – rent, water, electric, phone, etc.
          • 30% goes to wants – a sweater, a concert, your daily coffee, etc.
          • 20% goes to future goals – a house, schooling, a corgi, etc.
          • Don’t let your future-self take care of your current-self
          • Have an emergency fund
          • Why should I be excited about finances?
            • If you don’t have them under control, it’s going to be a constant weight on your mind.
            • “You’re going to feel so much better about your life and your situation, but not only that it’s going to help you move forward and achieve your goals.”

              • Mentioned Links:

              Check out our website! Or we’re on twitter, instagram, and facebook!

              Intro music: Happy Whistle by Scott Holmes

              Outro music:  Romantic Folk Loop by Twisterium

              Would you rather intro music:

              “Happy Happy Game Show” Kevin MacLeod (incompetech.com)

              Licensed under Creative Commons: By Attribution 3.0 License

               

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