April is the beginning of the spring season, which means it’s time for a bit of “spring cleaning.” Now is your opportunity to get a fresh start on your finances and we’re here to help.
As part of Financial Literacy Month, we’ve got your back with five simple yet impactful tips.
1. Set financial goals
Reflecting on your financial priorities is like setting the destination on your life’s GPS. Whether your goals include paying off debt, establishing an emergency fund, or boosting your savings rate, the clarity of having specific objectives will keep you motivated and on track.
We suggest writing these goals down (it can be in a journal, a note app, or whatever you like to use) so you can revisit them as you make progress.
2. Educate yourself
The world is your oyster when it comes to learning about finances! There are many resources available online, including articles, podcasts, and webinars.
But with so much information out there, it’s important to make sure the information you’re getting is accurate. Look for sites affiliated with reputable organizations, check author credentials, and verify information with other sources.
There are also many helpful books that will go more in-depth on specific topics. Some of our favorites include:
- The True Cost of Happiness by Stacey Tisdale: Explore the emotional and psychological aspects of money and their profound impact on your financial decisions.
- Stacking Benjamins: The No-Nonsense Guide to Managing Your Money by Joe Saul-Sehy and Emily Guy Birken: Discover practical strategies for navigating the waters of financial success.
3. Engage with money influencers
In the realm of personal finance, there are many financial experts ready to guide your money management questions. Here are a few who stand out:
- Joshua Erabu (@joshuaerabu): Joshua offers personalized advice to navigate your financial journey, from saving for a rainy day to planning for retirement.
- Melissa Jean-Baptiste (@millennialindebt): Melissa turns the daunting task of debt management into an empowering journey toward financial freedom.
- Vincent Chan (@vincentchanco): Get a fresh perspective on finance with Vincent’s witty and straightforward approach.
- Maria Melchor (@firstgenliving): Maria shares invaluable advice for first-generation wealth builders, focusing on smart saving and investing.
- Chris and Josh (@thecreditbrothers): This dynamic duo decodes credit management, helping you understand and improve your credit score.
- Mike Meza (@limitlessculturegroup): Mike brings a unique blend of finance and lifestyle, encouraging a balance between living well and managing money smartly.
- Meghan Lim (@meghanmakesmoney): Meghan demystifies the world of money-making, from side hustles to smart investments.
4. Explore financial tools and apps
In today’s digital age, numerous tools and apps can help streamline your money management process. From budgeting apps that keep your spending in check to investment platforms that help your money grow, there’s a tool for every financial need.
StellarFi turns your regular bill payments into opportunities to build your credit score. By reporting your on-time payments to the major credit bureaus, StellarFi can be a game-changer for those looking to improve their financial standing without taking on new debt.
Here are a few more of our favorite financial tools:
- Klover: Short on cash? Get up to $200 before payday! No credit check, interest, or late fees. Check out the Klover app to get started.
- KashKick: the hottest FREE way to make fun money! Real cash to your PayPal – not points or gift cards!
- Guac: Guac is a micro-savings app designed to help you save as you spend. Guac users set their goals, then utilize their tipping technology to fund those goals with everyday purchases.
- Acorns: Invest your spare change using Round-Ups. Sign up with Acorns, set up a recurring investment, and get a $20 bonus!
5. Celebrate your progress
Remember, financial literacy is a journey, not a destination. Take pride in every step you take toward a brighter financial future. Celebrate your wins, no matter how small, because each one is a stepping stone to greater financial well-being.
By implementing these tips, you’ll pave the way for a month filled with empowerment, enlightenment, and financial success. Here’s to a Financial Literacy Month that sets the foundation for a lifetime of financial savvy! 🚀💰
