8 Things High Schoolers Know About Saving Money That You Might Not (All About Saving Money, Debt, Budgeting & Investing) | 64

What this episode covers

https://budgetbesties.com/budgetpodcast/ (Snag Our Simplified Budget System!) Recently we taught a group of high school students all about saving money, budgeting, debt and investing. After each lesson, we asked them for their takeaways. Today we're going to bring you their takeaways that you probably should know but may not be practicing. Even if you make more money, don't spend more money Put your emergency fund in a money market When you get a raise, your investments get a raise Don't ever take money out of your investments Put your goals on paper, they are more feasible than you think You can be completely debt-free your entire life Investing is really important. In this episode we also cover: How to avoid lifestyle creep. Where to put your emergency fund so you can make more than .01% interest. How to make your money work for you. The difference between a starter emergency fund and the fully funded emergency fund. The difference between the checking account, savings account and the money market account when it comes to your emergency fund. The compound interest that you’re paying in debt versus earning in investment. How to be a good investor (ie. don’t stop / start and never pull from investments)Why writing goals on paper makes a big difference. How you can be your own bank. How helping your kids learn to save will serve them WAY better than a credit score. How building a credit score is NOT what we want to teach our kids. How to completely change your kids’ financial future Connect With Us: 1️⃣ Facebook Group – Join the community. Our free group is where the real talk happens. Connect with other women who are learning how to budget, save, and finally feel in control, together. ➡︎https://budgetbesties.com/facebook ( )http://budgetbesties.com/facebook (budgetbesties.com/facebook) 2️⃣ Automate Your Budget Masterclass – Watch it now, no waiting. This FREE on-demand training shows you how to set up a budget that matches your lifestyle, without tracking every dollar or feeling restricted. ➡︎https://budgetbesties.com/automate ( )http://budgetbesties.com/automate (budgetbesties.com/automate) 3️⃣ Budget – Grab our Simplified Budget System! You don’t need another budget, you need a system that does the math, makes the plan, and gives you permission to spend. ➡︎https://budgetbesties.com/budget ( )http://budgetbesties.com/budget (budgetbesties.com/budget) 4️⃣ Private 1-on-1 Coaching – Get a plan and a coach. We’ll build your full budget system together, so you always know what to do and feel confident doing it. ➡︎https://budgetbesties.com/coaching ( )http://budgetbesties.com/coaching (budgetbesties.com/coaching) 5️⃣ Be on the Podcast – Free coaching, real convo. Come chat with us on the show! Get real-time financial coaching and help other women by sharing your story. ➡︎ https://budgetbesties.com/livecall (budgetbesties.com/livecall) "I love Shana and Vanessa and this podcast is amazing!" 👈🏻 If that sounds like you, please consider rating and reviewing our show! It helps us to reach more people – just like you – to help them change their financial future. Don’t forget to follow the show so you don’t miss any episodes! And, if you’re feeling really generous, we’d be SO honored if you would share this podcast with someone. https://budgetbesties.com/privacy (Click here to view our privacy policy.) This description may contain affiliate links, meaning we may get a commission at no cost to you if you click and purchase!