Financial Resources for a Fresh New Year - Money Tip Tuesday

The new year has just begun! It’s the perfect time for a refresh, and the beginning of a new journey. 

If you’re ready to get kicking this new year with a resolve to tackle your finances, now is the perfect time to scope out some reliable resources and learn effective strategies to accomplish whatever goal you seek to achieve this year. 

Links:

• Books:
  • The Total Money Makeover by Dave Ramsey 
  • I will Teach You to Be Rich by Ramit Sethi
  • The Millionaire Next Door – by Thomas J Stanley
  • The Simple Path to Wealth – J.L. Collins
  • The Psychology of Money – Morgan Housel
• YouTube Channels
  • Ramit Sethi I Will Teach You To Be Rich - YouTube
  • Dave Ramsey The Ramsey Show Highlights - YouTube 
  • Graham Stephen Graham Stephan - YouTube 
  • Khan Academy (Economics and Finance) Khan Academy - YouTube 
  • Next Gen Personal Finance Next Gen Personal Finance - YouTube 
• Financial apps
  • You Need a Budget (YNAB) 
  • EveryDollar
  • Good Budget
  • Pocket Guard 
• Use Triangle Credit Union's app for iOS or Android for Money Management tools
• Check out TCU University for more financial education tips and resources!
• Follow us on Facebook, Instagram and Twitter!
• Learn more about Triangle Credit Union

Transcript:

Welcome to Money Tip Tuesday from the Making Money Personal podcast.  

To improve and learn, you need to find credible resources. Today, there are so many different avenues to find anything you have an interest in. 

This might be the year you want to increase your net worth, get your finances more organized, save more money, or get out of debt.  

Fortunately, there are so many resources and tools available that cover any financial topic.  

Here are some top resource categories with specific examples you should explore this year for financial knowledge, practice, and motivation.  

The first one for all the readers out there is to select some finance books that explore popular themes to help you not only understand money but also how to lay out strategies for organizing it. 

• Total Money Makeover by Dave Ramsey 
• I Will Teach You to Be Rich by Ramit Sethi 
• The Millionaire Next Door by Thomas J Stanley 
• The Simple Path to Wealth by J.L. Collins
• The Psychology of Money by Morgan Housel 

This is just a short list of the many books out there covering finance topics. Doing a simple Google or Amazon search will bring up additional suggestions for you to explore. Also, if you prefer to listen to audiobooks, most of these are available in audio format.  

Keep in mind, many authors also write articles on their social media and websites so explore their profiles for more insight, news, and other advice they may be sharing. 

For anyone who likes to watch videos and tutorials, another resource is to seek out financial videos from good teachers and experts. 

If this is your preferred learning method, YouTube can be a great resource. Many financial institutions and professionals host videos and discussions on their own channel where you can pick up some useful tips, advice and learn all about a variety of topics.  

Explore the YouTube channels of some of these popular creators. 

• Ramit Sethi I Will Teach You to Be Rich - YouTube
• Dave Ramsey The Ramsey Show Highlights - YouTube
• Graham Stephen Graham Stephan - YouTube
• Khan Academy (Economics and Finance) Khan Academy - YouTube
• Next Gen Personal Finance Next Gen Personal Finance - YouTube 

Don’t forget to also explore your financial institution and financial planner’s social channels for videos and posts sharing insight and advice.  

The last resource you will want to use is a personal finance app. 

It’s one thing to know what you need to do financially but another to make it work. Using a good mobile app or two will give you the tools to work a budget, set up goals, manage cash flow and pay off debt.  

There are a few top-rated ones out there so browse the app store and see what you can find. Right off the bat here are a few of the popular ones to start your search. 

• You Need a Budget (YNAB) - This app helps you track spending and budget to pay off debt YNAB 
• EveryDollar  - This app helps you with budgeting and cash management where you assign a use for every dollar you make EveryDollar - Ramsey (ramseysolutions.com) 
• Good Budget – This app offers a digital take on the envelope system to help you organize spending money Best Home Budget App for Android, iPhone, & Web | Good budget 
• Pocket Guard – This high rated app helps you simplify your money, track bills, and manage cash flow PocketGuard: Budgeting App & Finance Planner 

Keep in mind that some of these apps mentioned require subscriptions and others may have free versions so explore the features of each to see which ones you are most likely to use for your financial management. 

Also, make sure you get familiar with your financial institution and financial planner’s mobile apps. Many of them provide cool and useful tools for budgeting, debt payoff plans and net worth building.  

If there are any other tips or topics you would like us to cover, let us know at tcupodcast@trianglecu.org. Like and follow our Making Money Personal FB and IG page and look for our sponsor, Triangle Credit Union on social media to share your thoughts.  

Thanks for listening to today’s Money Tip Tuesday and be sure to check out our other tips and episodes on the Making Money Personal podcast.  

Have a great day!