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Millennial money is a blog created to bring financial literacy and generate positive money habits to today’s young adults. Over the past month, I have been sharing tips about how to pinpoint where your funds and going and how to outline a budget plan that fits you.
I believe that these first five articles will give you a solid foundation and lead you to a road of financial wellbeing. After developing your monthly nut amount (bills, outside expenses, and money set aside for savings) you are ready to do some spending.
As I stated in my previous post, Breaking Bad Habits, The goal is to spend less than what you make. While you are trying to rebuild and develop new, consistent money habits it’s the best time to try a few new things. We want to generate more INCOME, you can never have too much money, so why not explore other ways to save and make money.
Spending how you like while on a budget is possible. The best way to still maintain or achieve the lifestyle you want and still be financially intelligent is to produce more income. Find outside ways besides your 9 to 5 to make money.
Concentrate on the things you are good at and consider, “How can I make money doing this?” and “can others benefit from this good or service?” You will really be surprised how simple things can add extra income to your life.
Pick up that trade, the next time you’re doing your yard work, offer to do your neighbors too, that next picture you draw, sell it! Think outside the box. There are so many legit ways to make money, besides being a robot and clocking in every week.
Finding outside income can soften your spending transition. Now that financial literacy month is coming to an end you should have a better understanding of what it means to be financially literate.
During this week I would like my readers to start thinking of extra ways to generate funds. Think of things you like to do, things you do often, and how you can turn that into dollar signs. Out with the old and in with the new, a true MONEY MAKEOVER.
