One of the complaints of teens and young adults’ education is that they aren’t taught basic personal finance and life skills. It’s not commonplace in school to go over things like how to get a job, apply for college, or write a check.
How do you begin life as a young adult and set yourself up for financial success?
Even though our inclination is to save and invest money, that doesn’t mean we save every penny. We do spend money on a few different things that aren’t necessary. While we do try to stay pretty frugal, we also want to enjoy life. So if you were looking for a reason to justify spending money on something you want but don’t need, this is the post you’ve been looking for.
How can you engage in smart spending to improve your life and financial well-being? We have figured out several different considerations in smart spending and continue adding to our everyday money strategies.
One of the ways we save money when we need something is to shop secondhand. But there are a few things that don’t buy used even if they’re pricy.
At some point in your life you decided to start trying to save money. It’s a smart move! For me, it was mainly once I moved to Irvine, but I grew up in a frugal household and it’s kind of just become a habit. Whenever family members give us gift cards for holidays, they say “Get something you want, not just something you need.” Because otherwise we’ll buy something mundane like food or silverware. Avoiding spending money just comes easily to us. We question every purchase and determine whether it is something we actually need. Yes, we probably overthink our financial decisions a bit much. While our actions are more on the extreme end of saving money, there are smaller steps you can take to get started. We’ve noticed a couple different actions that easily add up, but can also be easily avoided. 1. Eating out When we first started…