14 tmw we get excited about finances

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.”

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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