I’m 23, freshly graduated with a Bachelor’s Degree in Fashion Merchandising, and quickly learning how fast my money goes. The paychecks come and go, and I’m left with little to no savings. So I’ve decided (today) that it’s time to make a change. Listen up, female friends:
I took some inspiration from the lovely Marie Claire Magazine. They wrote a great article titled, “The Rich Girl’s Money Rules to Live By”, and I’ve taken my own version of notes when it comes to spending my hard earned cash.
These rules were made to teach us how to make the most of what we’ve got – and earn more money while we’re at it. Follow these tips and you’ll start to feel like your semi-adult life could potentially be in order:
Mint Is Your Friend
Before I tell you what it is, download an app called “Mint” or go to Mint.com. In the simplest terms, this program helps you finance your life. It paints a picture of your bank account, transactions, loans, and investments in a colorful, easy-to-read format. Enter your account information depending on what cards you want it to be linked to, and Mint will do the rest. Personally, I love the fact that you can put yourself on a specified budget and it will tell you how much you’re allowed to spend on gas, food, and personal care! Extra bonus: It’s 100% SAFE.
It’s Pay Day, and you’re treating your friends to dinner! Oops, how much was that bill last night? It’s time to make a budget. But don’t stress because in this day in age, all you need is your iPhone. Try downloading “Spend” for $.99. This app literally tells you how much you can spend for the day, week, or month. What a lifesaver! Because let’s be honest, we all get a little cash happy at times.
Build Your Credit
I don’t know about you, but I only have 1 credit card. Older folks are constantly telling me to, “build credit”. Why? Because one day you might need a loan, or rent an apartment, or perhaps buy a house! You need a line of credit in order for lenders to make decisions about how much money they are willing to give you. If you don’t have any credit history, they’ll be clueless as to how you are able to manage debt – thus they won’t help you. Build credit in a safe way by opening a few credit cards, only charging what you can pay off in full, and paying on time every month. In the end, you’ll be reaping the benefits of having a good credit score.
Invest In A Flask
Alright, I’m throwing in some realistic rules now. Stop spending money on drinks! My friends and I like to set a rule that involves only buying 1 drink while we’re out at the bars. I have one word for you: Pregame.
Healthy Is Cheap
Ever notice that fruits and veggies are never more than a few dollars? Eating right can ultimately help you save those precious dollars. Instead of buying a 5 dollar bag of sweet potato fries, buy 2 sweet potatoes for LESS than 5 dollars, slice them up, spray some oil on, and create your own. It’s healthier, AND cheaper. Also, beans fill you up the same way meat does. Extra savings if you’re a vegetarian!
Take The Bus
The bus builds character. Plain and simple. PS – don’t forget the pepper spray.
And most importantly…
Be A GIRLBOSS
What I’m trying to say is, be your own breadwinner. No man is a financial plan. Be sure to check out Sophia Amoruso’s book, “#GIRLBOSS” for some kickass financial advice and overall women empowerment vibes.
Who run the world? Girls.