… and I’m starting a website about it.
Yep, that’s right, I’m going to abandon “I think I think” for the most part in pursuit of a new endeavor that is: www.QuarterLifeCapital.com.
I’m trying to get legit with this blog/website stuff. Including Facebook, Twitter, and Pinterest (yes, it’s all still raw). I even registered with the state as a D/B/A and opened a business checking account. So please like, follow, and give me feedback! I’m sure you’ll see me post stuff from the new website on my personal accounts at least for the first couple months.
I actually wrote this post a few months ago when putting of CPA studying. It will be my first and maybe only crossover post between my two websites.
Enjoy, and thanks for reading for the last few years!
I’m a numbers nerd. I get it. But everyone has an active duty to be financially literate. Here’s a few quick pointers I’m giving away for free. Some I’ve picked up from Forbes, others I’ve picked up from Dave Ramsey, and yet others I literally just came up with as I’m writing.
1. Be relentless.
Money can’t buy happiness, but it can buy peace of mind. Don’t be passive. Be active. Be smart. Have goals and stick to them. Don’t sit around. Take an active role in being the best you can be financially.
2. Use all of your resources
It all starts with online banking and bill pay, but beleive me when I say that Mint.com has changed my life. The two best parts of Mint are the savings goals and the budget features. Every dollar I earn has a mission. I don’t stick to set budgets for groceries, going out, etc., but I know seeing how much money I spend per month does alter my behavior (I’ve spent more money on booze then groceries this month? Oy vey, time to cut back). Having 4-5 savings goals, however is huge. Seeing what percentage you’re at when saving for vacation or an emergency fund, and meeting those goals is a huge sense of accomplishment.
You may be reluctant to join Mint because of security issues, but I would argue it’s way more secure having it then not. I can see in one snapshot all of my accounts at different banks, credit cards, investments, etc. If one dollar moves without my consent, I know because of Mint. And you cannot move money on Mint. It’s just there to view and track. Seriously just get it and play around with it. Categorize some transactions, make a few goals, and soon you’ll be hooked. You can’t afford not to. Oh and it’s free.
3. Spend money on things you love
I love going out with my friends. I spend money to go out with my friends. I don’t like shopping so much, so I don’t spend much shopping. I buy nice clothes when I need them and cheap clothes when I don’t. Figure out what makes you happy and spend money on it. This takes discipline, but it also allows you to enjoy yourself when you do spend money on the things you love without feeling too guilty about your bar tab or shopping receipt.
Just don’t love and spend money everything.
4. Seek Information
I’m going to challenge everyone reading this to go to a personal finance website next and just browse around. There’s SO MUCH INFO out there just begging to help you with your finances. Everything from paying off student loans, to which credit card you should get, to which days are best for certain groceries. Forbes, CNN Money, Business Insider, and Yahoo Finance are my go-to’s. Even Reddit has a great Personal Finance section that is fully interactive. Reading 1-2 articles per week will help you begin to pick up on very important habits.
So there’s a few habits I’ve tried to form in my postgrad life regarding personal finance. I’m no guru, but if one of you takes a more active role in managing your money, it was worth my time to do this article.