#invest

[feminineenergylife]

[dreaminginthedeepsouth]

“Invest yourself in everything you do. There's fun in being serious.”

— John Coltrane

[prettieinpink]

BUDGETING + SAVING MONEY FOR TEENS 𐙚

For many of us, we are entering an age when we can work casual jobs such as retail or fast food. It’s not a lot of money that we receive, depending on how often you get paid, but it can go a long way in the long term. 

In this post, I’ll be discussing how to budget for your needs/wants and save money for future goals. 

CREATING GOALS, you may want to save a certain amount of money in a time frame, want to make a big purchase (like a car) or buy everything off your wishlist. It is entirely up to you what your goals are, so I can’t say too much. However, the more specific it is, the better.

HOW MUCH? Determine how much money you need to save to achieve your goal. In total, and monthly. 

There are three types of saving goals that may apply to you;

Short-term goals >1 year (outings, latest gadget, buying your cart)

Medium-term goals 1-2 years (road trips, shopping spree)

Long-term goals 2-4 years (higher education, car)

It’s very important to set a realistic time frame, as teens we don’t get paid much and we also don’t work as much. You don’t want to overwhelm yourself as well, as it takes patience and self-control to achieve these goals.

NO LOOONG-TERM GOALS! This may sound aggressive, but any money that just sits in your account for years on end is dead money. Even though the amount of money is increasing, its value is slowly decreasing. Keep your goals achievable within a time frame of less than four years. It's much more useful if this money is put into some type of investment instead. 

CREATING A BUDGET

Calculate how much money you receive every month, and how much money you spend every month. 

You have two types of expenses. Fixed and variable. Fixed are any expenses required in your day-to-day life or it’s an amount of money that doesn’t change e.g. subscriptions or transportation costs. Variable costs are expenses that may fluctuate, like food, or any other recreational activities. 

Record the average you’re spending monthly with these two categories. 

There are many ways people choose to budget, but you have to choose a system that works for you.

Work out how much money you need to save each month to achieve your goal.

However, for anyone who’s starting in budgeting, I would say to allocate your costs using a percentage system. Your percentages for each category are going to differ from mine; e.g. 60% = savings, 20% = wants, 20% needs. Make sure it reflects the end goal. 

Track your progress. This is the major part of budgeting, you want to be recording and regularly reviewing how much money you’re spending and comparing it to how much you’re earning. It allows for space to reflect on the flow of your money like if some purchases are worth it, if you’re impulsively spending, or if you’re frequently withdrawing money from your savings. 

Adjust if needed. Maybe you want to put more money in savings and less into wants, or you want to put more into wants and less into needs. 

SAVING TIPS

SAY NO! This is probably my biggest struggle at the moment, but say no to things that will cause you to go off track. Whether its outings, getting fast-food or anything similar, say no. You have to be firm with your financial boundaries, as these opportunities will always arise again. 

RESTRICT IMPULSIVE SPENDING. We all have our moments when we see a product and we instantly think ‘I’ve got to have this’. Giving in once or twice is okay, but it shouldn’t become a habit at all. Its unnecessary spending (most of the time!) and leads to buyers remorse. 

IS IT WORTH IT? Always remember to work out which products you’re getting the most value out of. 

PAYING FOR THE NAME, a lot of brands will cut down on quality to save a few dollars, so essentially the customer is only paying for the name of that brand. Just because a store is more expensive, doesn’t mean its better.

[stealthyjestervagrant]

It's a new week alhamdulillah ✨🕋 ☺

[cupidastrology]

how to manifest money into your life with asteroid money #7782 ٩(•͈ ꇴ •͈)و ̑̑❀$$$

please do not repost or copy.

In a previous post introducing this money asteroid, I expressed the meaning of what it takes to notice where, how, and what brings in the cash into your life through the birth chart.

It all comes down to the details; how can I manifest money into my life?

Can an asteroid help me to understand how to engage with the value of money energy, and take charge of it in my financial lifestyle?

⋆⛧┈┈┈┈﹤୨♡୧﹥ ┈┈┈┈⛧⋆

Let's break it down; asteroid mony 7782 is the asteroid that holds all aspects of gaining cash, money, deposits, and rules all the ways of having multiple numbers in the bank account.

When looking to the birth chart, the sign, degree, aspects, and house position points to where you're able to make money in your life.

Here are some quick tips involving the elements of the signs that are involved with this asteroid:

Asteroid Mony in the Fire Signs (Aries ♈︎, Leo ♌︎ , Sagittarius) may make money on the go; they are able to greet their finances within moments, with impulsivity, and may take on various different jobs or hobbies that can bring them to the bag with their passions, phases, or hobbies. Involving in jobs or events that have to do with travel, trying new risky situations, or involving shock value into their passions can invite monetary opportunities.

Asteroid Mony in the Water Signs (Cancer ♋︎ , Scorpio, Pisces ♓︎ ♓︎) are able to to use their emotional forms of expression and outlook on possible spell work to bring in money for needs, wants, and desires for caretaking. It is important these signs have money, because everything is a temptation for them.

Asteroid Mony in the Earth ⊕ Signs (Taurus ♉︎, Virgo ♍︎, Capricorn) are able to use long standing , stable, and long term connections/networks that can bring in cash steadily over time. When they are more engaged to the real world and off the internet, they can find themselves making money that can build into community over time.

Asteroid Mony in the Air Signs (Gemini ♊︎, Libra ♎︎ , Aquarius ♒︎) have to engage with the collective through the digital, technical, and online based communities in order to bring in the money. Being a figure that can inspire others through new ideas, discussion, taking in new forms of inspiration in art, and engaging with research of the world can help them to gain opportunities to the big dollars.

[fortuneaday]

[newtiative]

Brian Tracy - Don't stop | @newtiative

Brian Tracy is the founder and CEO of Brian Tracy International. He is a Canadian-American motivational public speaker and self-development author.

#motivation #entrepreneur #inspiration #learnfromfounders #innovation #win #future #money #investing #startup #growthmindset #quotes #briantracy #newtiative

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