For us millennials budgeting, saving money, and investing can all be confusing. It can also be overwhelming. Especially when it’s something that’s new to you and you don’t have a lot of experience with.
I’ve been blessed that my parents were good with their finances and made it a point to pass that information down to their children. My parents taught me about budgeting by helping me create a budget for my weekly allowance. As part of that budget, my parents had me set aside some of my income for savings. My father also taught me the basics of investing by having me pick and monitor some real stocks for a few months.
These basics that my parents taught me really set me up to have a good financial foundation when I graduated from college. Because of that, I was able to furnish a one-bedroom apartment with cash and pay off a car loan a year early.
Now, not everyone is blessed to have parents that are good with money and were able to pass along that knowledge to them. Thankfully we have this thing called the internet that we can use to find personal finance information and resources.
I’ve been blessed that my parents were good with their finances and made it a point to pass that information down to their children. My parents taught me about budgeting by helping me create a budget for my weekly allowance. As part of that budget, my parents had me set aside some of my income for savings. My father also taught me the basics of investing by having me pick and monitor some real stocks for a few months.
These basics that my parents taught me really set me up to have a good financial foundation when I graduated from college. Because of that, I was able to furnish a one-bedroom apartment with cash and pay off a car loan a year early.
Now, not everyone is blessed to have parents that are good with money and were able to pass along that knowledge to them. Thankfully we have this thing called the internet that we can use to find personal finance information and resources.
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