Managing Your Money: What They Don’t Teach In School | xoNECOLE
Top Feature

Managing Your Money: What They Don’t Teach In School

Comments (13)
  1. Katrina says:

    I’m on this journey now getting my finances in order. Just picked up a PT Seasonal Job just to pay off some debt! Great Article !

  2. Oenz says:

    Great information!

    1. I personally use an Excel Spreadsheet (often switching from either a month or year, depending on how I want to visualize my finances). The excel automatically computes everything. Here is a link to several–

    2 and 3. I strongly agree with 3, although more millennials are using one banking institution to out all their money (WRONG). I would recommend (if qualified) to have your paychecks coming into a credit union (savings and checking) and have another banking institution that is tied to a credit card for additional benefits, such as Bank of America. They have some really good credit cards. (Check out NerdWallet). I recommend 3 credit cards (max) — a visa, a mastercard, etc. to diversify your ccs. One with great benefits for everyday spending and one with travel rewards.

    4. Yes. Knock your debt down, especially student loans, because it would definitely help 7, your credit score (your credit score would increase exponentially). Try to get a subsidized student loan or a very low-interest on unsubsidized student loans.

    5 and 6. Start doing research into ways to invest some of your savings. Even a small business venture (joint or solo).

    7. Credit Score- check, check, check, check!!!!

    8. TRUE (live within your means–we aren’t meant to stunt like B and J)! Buy items in block, sales, invest in quality, not quantity, groupons, coupons, shop around (try not to buy items impulsively).

    I love this Tumblr page (even someone debt free and good with money can learn a thing or two from them) —

  3. Amina says:

    Thank you so much for this post!! ❤️❤️❤️❤️ Extremely helpful.

  4. Alana says:

    I’m screwed lol! I’ll just be a bum but hopefully, I’ll still make everyone beautiful in the process. Google Alana Sims. My story ain’t pretty but my clients are !! Great article and blessings

  5. Billie Harvard says:

    I encourage you all to read Dave Ramsey’s “Total Money Makeover”. Best finance book IMO!! It changed my life!

  6. Peaches says:

    Great article! I recently sat down with myself trying to figure out how I can manage my money better and I figured out a system that will work for me. The tip about the seperate savings account is golden!!! I have a savings acct with the same bank I bank with (Chase) and it’s the convienence of knowing I can transfer money whenever I want to that really hurts my savings! Ugh I could literally have thousands in my savings. Im definitely doing the separate acct. I swear after a moment goes by those shoes aren’t that important anymore. I’m 24 I live alone and I’m trying to be on my independent woman type ish it’s like a love/hate relationship. Haha! Thank you!

  7. Australia says:

    Another great way to keep track of your credit frequently is the credit karma app. I live by this app and check it monthly to review my credit and what areas I need to work on!

  8. Caltodiva says:

    Amazing article and very helpful. I feel motivated to begin my journey to great financial management and I’m definitely going to share this with my friends.

  9. Krys says:

    Great article!!!!

  10. KikiFitz says:

    This is such an empowering article. My mother is nothing if not frugal. One thing that I have done is gone completely away from traditional credit cards. They are a false sense of money created to keep us in debt. The Lord says to owe no man [anything], but to love him.
    I do have a card that finances any unexpected medical emergencies. But that is the only thing that I can use it for is medical procedures, etc. When you don’t have credit cards it makes you realize how much money that you are really looking at after paying bills and yourself. There are many other ways to build your credit score without the assistance of a credit card. Think about it.

    1. michelle says:

      I am not aware of any other way to build credit without a credit card, can you please share?

  11. Shydeia Caldwell says:

    Having a savings account and not linking it to my debit card is such a great idea! I also heard of Ally the online savings account. I would love to read a review from you on that!

  12. Natalye-Marrie says:

    Buy Total Money Makeover by Dave Ramsey. It will teach you all this and more, and the whys. That book is the best when it comes to managing personal finances


Leave a Reply

Your email address will not be published. Required fields are marked *