Things You Didn't Learn In School
Girlies Managing Their Own Money
Oct 1, 2023
Victoria Devine, money and financial literacy expert from She's On The Money, joins the podcast to discuss budgeting, credit cards, Super, and avoiding money mistakes in your 20s. Learn how to spend money guilt-free and take control of your finances. The hosts reflect on their conversation, share personal money stories, and preview the next episode on Renting 101.
25:54
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Quick takeaways
- Understanding your income, expenses, assets, and debts empowers you to make informed financial decisions and take control of your money.
- Setting up a well-structured banking system with separate accounts for spending, short-term goals, long-term goals, and emergencies promotes effective money management and consistent saving habits.
Deep dives
Managing your own money
When it comes to managing your own money, there are four important numbers to understand: what you earn, what you spend, what you own, and what you owe. Being aware of these numbers allows you to have control and make informed decisions about your finances. It's crucial to know your income and expenses, including your bills and essential living costs. Additionally, understanding your assets and debts helps in building personal wealth and making sound financial choices. Financial literacy is key in gaining confidence and power in managing your money.
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