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

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Recently we taught a group of high school students all about saving money, budgeting, debt & 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 & 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 4 Ways To Connect With Us:

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