Take your money back-to-school with these four personal finance resources
Back-to-school season is generally thought of as a shopping season, but could we also use this time to teach ourselves better money habits?
During the months of August and early September, it’s hard to avoid the back-to-school energy. We’re bombarded with sales and weekend deals, and we often forget what back-to-school is really about: learning.It's not too late to take your money back-to-school. Four #personalfinance resources you need check out Click To Tweet
NerdWallet reports that the average household is paying $6,658 in interest payments every year, with a large amount going towards credit card debt.
Whether you’re working on paying down debt from your student loans or your credit cards, or you simply want to take control of your finances before the holidays season, these four resources are a great way to take your finances back-to-school.
The personal finance Reddit community is unlike any other online. It’s rich with questions and answers to common financial woes, and unique money predicaments.
Users can pose questions, browse discussions, or share financial wisdom. You can filter categories that relate best to your current financial situation. While most users are not licensed CPA’s or financial advisors, RedditPF does serve as a hub for lessons and resources.
Even if you don’t pose a question yourself, you’ll most likely find answers to what you’re looking for. I regularly spend 5 to 10 minutes each day browsing the page to hear how people are overcoming their financial challenges. It’s amazing how much I learn in doing so.
Financial learning academies and challenges
Finance is a tricky road to navigate on your own. It can be helpful to have someone in your corner guiding you to financial stability or freedom.
The personal finance blogging community is filled with great resources. Some even offer financial learning academies or financial challenges you can take part in.
The Live Richer Challenge: Tiffany Aliche (aka The Budgetnista) is a force to be reckoned with in the personal finance community. We featured Tiffany, among a few other female personal finance bloggers, earlier in 2016.
Her Live Richer Challenge is a free, 22-day course, targeted towards women who are looking to change their money mindset. Every day you are sent a simple task meant to build your confidence when it comes to saving. At the end of the challenge, you will have a new mindset when it comes to money, and a network of over 65,000 women who have participated supporting you.
You can sign up here and follow her on social media:
The Clever Girl Finance Academy: If you’ve ever perused Instagram for personal finance content, you have no doubt seen Bola Sokunbi's posts at @CleverGirlFinance.
Bola is a Certified Financial Educator and money coach. She started Clever Girl Finance to empower and motivate women to take charge of their finances and achieve financial independence.
While the Clever Girl Finance Academy is not free, it does provide a curriculum aimed at changing your mindset towards money, and resources to help you take action today.
Check out her website or give her a follow for instant financial wellness inspiration.
Make Money Your Honey: Amanda Abella is a personal finance blogger and millennial money expert. She entered the job market right as the 2008 recession was in full swing. She created her own path and now is working to help Millennial’s make solid financial decisions.
Amanda’s Make Money Your Honey challenge, which begins in early January 2017, is a free challenge aimed at helping you pay down debt, start saving for your future, and creating a healthy relationship between you and your paycheck.
You can sign up for the challenge now and begin prepping yourself for early 2017. Check out her other resources while you’re at it.
My Fab Finance: Tonya Rapley, a Certified Financial Educator, founded My Fab Finance as a resource for women looking to foster a “lasting behavioral change” when it comes to money.
She created the #BanishTheBalance challenge, which, so far, has helped 4,000 participants pay off over $200,000 worth of debt in 60 days. You can register at banishthebalance.com.
These days, Tonya continues to blog on personal finance, creates free resources for those looking to get out of debt, and helps millennials prepare themselves financially for being their own boss. Check out her Ultimate Student Loan Guide.
Part of our jobs, outside of offering an awesome checking account, is to help people achieve financial freedom. Everyone has a different definition for that phrase. Whatever yours is, we’re here to help.
We’ve sectioned off our blog into a few different sections to make it easier for you to navigate our 4+ years of personal finance tips, tools, and guidance. For those looking to jump start their financial lives, I’d recommend studying up on our “Budget Hacks” and “Dollars & Sense” sections.
A few of my personal favorites
If you’re tired of consuming your personal finance tips via blog format, check out our YouTube channel. Quick money lessons explained to you. Complete with bad jokes, awkward faces, and good takeaways. Watch and subscribe.
Free online personal finance lessons
Are you the type of learner who likes an organized lesson plan but doesn’t need a lot of handholding? These lessons will take your finances from flunking to the top of your class. The best part: they’re all free.
This comprehensive course covers every financial category and presents them in article format. Money 101 begins with setting goals and priorities and carries you through all of life’s major financial events. You can skip ahead to the area most relevant to you, or take a crash course on personal finance.
While the words “family finance” may give you the impression that this course requires you to be a full-fledged adult, that is not the case. Alena’s family finance course will leave you with some serious takeaways even if you aren’t at that stage in your life.
Her course is taught at Utah State University and her RateMyProfessor score is a solid 4.6. The free course, which can be downloaded at the link above, includes 14 lessons, required reading, and assignments.
Going back-to-school can be nerve-racking; however, the payoff is big when it comes to personal finance. Arm yourself with the knowledge and tools to take control of your financial future.
Now, the moment you’ve all been waiting for… your homework! Choose one resource listed above, sign up, dive in, and comment below to let us know which one you chose.