April is National Financial Literacy Month. Building strong money habits can make a huge difference in a students’ financial journey. Being smart with your money is an essential building block for students to grow in confidence to best save and spend their money. Here are some essential money habits that will help students understand how to best use their money. 1. Pay Yourself First Save a bit of your paycheck before you spend it. Try to save about 10-20% of your income every time you get a paycheck. Put this money aside either in a savings account or a lockbox/safe. Use automatic transfers to put this money away into a savings account or into investments. Treat this as a mandatory bill that needs to be done each payday. 2. Keep Track of Your Spending It can be easy to spend money and all-of-a-sudden not realize where it all went. To avoid this, keep track of what you’re spending and how much is left in your account. Use a budgeting app to help keep track of your money. A simple ...
- Get link
- X
- Other Apps