How many times do we hear or say, “I wish somebody would have told me or taught me?” Who do we refer this “somebody” too? Is this “somebody” our parents, grandparents, mentors, teachers or instructors?
Do
we often blame others for things we do not know? Do we make excuses to self for not learning? Do we waste as time
complaining about our problems, instead of, seeking new ways to solve them? Who is at fault when failing to learn? Who is
at fault for failing to share teachings about money and personal finances? Before
these questions can be answered. Let’s look at the basic fundamentals of
solving problems.
1.
What exactly is learning? Learn is a verb. An action to acquire knowledge of or skill in by study,instruction, or experience. Through learning we achieve new skills,experiences, and the ability to set a goal and follow through with instructions.
2.
What exactly is teaching? Teach is a verb. An action to impart knowledge of or skill in. How can weteach of anything, if we do not learn first?
- · To learn requires an action of study.
- · To teach requires actions of sharing knowledge, skill, or instruction.
What
if we have no teacher willing to teach us something new we want to learn? What
if we have no money to attend college to learn something new? What if we have a problem that we cannot solve
and the problem just continues to exist? How does keeping a problem open help
anyone? Learn new skills to close that old problem permanently!
The only person to
blame for the stresses of personal problems created by money is self. This
sad but true fact represents each individual life. How? Money produces insanity
when money is not controlled. When money is spent faster than it can be made,
it produces insane and stressful results and horrible consequences.
If a monthly income is only $1500 and the bills
(expenses) total $1680, this is a huge problem! These are primary bills of necessities.
This illustration is of: housing (rent,
own, lease payment), electricity, water, sewage, trash, transportation, and
nothing else. How will a person be able to afford to toilet paper or food? They
cannot! Why? Because $1680 of bills cannot be paid from a $1500 income. That’s
$180 more than an income will allow! No one can pay $180 over the amount of
income when they do not have it! What are some possible solutions?
Learn to downsize.
Learn to respect that $1500 is the maximum amount of income to budget and
control. No one should ever have to pay for $1800 a month lifestyle when you
fail to manage your $1500 a month income.
How to slim bills
to save money.
#1 – Decrease operating
expenses. Turn off lights not needed. Unplug items when not in use.
#2 – Examine monthly
bills closely. What is a necessity and what is a want or luxury? How much are
late or interest fees?
#3 – What bills sustain
your quality of life? What bills do not improve your life?
#4 – What is your
monthly plan of what you want your money to do for you?
#5 – How do you
want to decrease the stresses of your monthly income and expenses?
#6 – What is your
active plan to take control of your money and income?
We used to have a
valid excuse of not learning or never being taught in America. There used
to be no tools available publically to learn for free.
Today, we have the
internet. This 24/7 library is open to anyone at any time! There are no
more excuses of not learning to control money. There are no excuses of not
being taught of how to responsibly manage money.
We can learn from watching
free YouTube videos of college seminars about money management and financial
literacy. We can do free Google searches of how to build or rebuild credit
scores. We can learn new tools of financial options to increase our money and
not decrease money through unwise choices. We can learn how to control our money and be responsible financial
managers of our personal income and budgets. There are no excuses of not
learning or not being able to teach through positive examples.
The good thing
about learning new skills in money management is that we will decrease our stress
and insanity of financial problems by learning how to decrease them! We can
learn new skills to apply immediately to our monthly incomes to turn around the
bad and stop the negative damages done.
Each financial situation and lifestyle is different. Each monthly budget and expenses must be calculated to the individual person and lifestyle. It takes customization and personalization. The biggest contributor of managing your finances and money is you.
There are nine
things a college student should know. Why nine? Why a college student? These
nine things are of money and budgeting money. As adults or new students,
seeking to learn new skills of money; these college tips are a wonderful place
to start when learning to control income and budgets.
What are the nine
things we need to know about money?
·
What is a
Personal Financial Plan?
·
What are
my basic needs of survival that I can afford?
·
What are
the wants I desire that have no bearing on my survival of life?
·
What is
the total income that I must budget and respect?
·
What are
the expenses I want or need to buy monthly to survive on?
·
What does
equity have to do with my income?
·
What does
depreciation have to do with the way I spend my money?
·
What does
investment have to do with the items I purchase or pay for on credit
accounts/cards?
·
Why
should the cost of interest and late fees be a calculating factor of my income?
9 Things a College
Student Should Know is a two-part video series. These videos total 36 minutes and
07 seconds of valuable information about money management of personal finance.
The premise is “I Wish Somebody Would
Have Told Me.”
Well someone is trying to teach you in these videos, so
you will know. Will you watch this? Will you apply the new knowledge you learn?
Will you share the learning with others to help them?
Money is a personal
factor of our lives. Money will teach us the hardest lessons about our self and
our lifestyles. Money can also help us to review our lifestyle choices to help
us create positive changes to increase our quality of life too.
For many Americans, they have financial support from
family, friends, banks, and good credit scores to help them learn from their financial
mistakes.
1 of every 5 individuals has no one to depend on to
increase their poor credit or bad credit of subprime scores. This is truly sad
in the electronic digital age of mobile knowledge we have to increase learning and
we fail not too.
Sure, economics
can hurt our ability to have an income to survive and live upon. However, many
more Americans do have money problems because they generally do the same
practices with their money as they witnessed their parents or caregivers do. Why
would any American settle for this? Why spend your money the way your parents
did? Why budget your money as others do? Your money buys the life you have. Why
not learn new skills and new knowledge to help your money do all it can for
you?
As technology
increases and internet is free at all libraries, we have no more excuses. We
cannot blame anyone else for something we do not know.
If we will spend
30 minutes a day on Facebook, Instagram, YouTube, or other social outlets and
yet, not spend 30 minutes a day or even 30 minutes a week to learn about money management;
than we can only blame self for money problems and not solving them.
Those who think
they can control money, will. Those who think they cannot control money, will
not. And those who want to try to control money, will learn how using
whatever free tools are available. We have the global web. No excuses. No
blaming. Money problems can be solved and controlled. Who wants the ultimate
stress-free life of not worrying about money? This does requires new skills of
learning and applying new knowledge. This is all that needs to be done. Hard to
believe, huh? Facts are stranger than fiction, didn’t you know?
