For our final installment of #OMFBack2School, we’re hopping in the time machine and taking things back to a much simpler time: kindergarten.
A place filled with snacks, finger paint and all the financial advice you’ll ever need to know. (Ok, maybe not all of it – but some solid starting points.)
Your teachers might have been focused on giving you the fundamental building blocks to get you through school, but those same ideas can be applied to your financial lives as well. Let’s revisit some of the best lessons you learned back in the day.
Believe in Yourself
It all starts with a positive state of mind. Take the wise words of Kid President1 into account, “What if Michael Jordan quit?...He would have never made ‘Space Jam’. And I love ‘Space Jam’.”
Quitting never gets you anywhere, and negativity only drags you down. You’ll never get out of debt if you keep telling yourself it’s impossible. So don’t.
Master the details of your budget. Meticulously track each and every expense you have. Closely monitor all of your monthly bills. The more you pay attention, the fewer surprises might come your way. Mint.com is a great way to track budgets, bills and credit score info all on one app.
Practice Makes Perfect
You might not be able to achieve a high credit score overnight, but that doesn’t mean it’s an impossible task. It just might take some time and dedication. In kindergarten it probably took you a month or so just to learn how to write your own name. But you did it because you’re smart and you practiced it a bunch.
No matter what your financial goals are, it’s important to take them on one step at a time. Start with the easy stuff, then take on more difficult tasks as you go.
Shoot for the Stars
You know that huge savings goal you always hoped to someday hit? Go for it! Goals keep you motivated and moving forward, in all aspects of life. Even if you don’t quite reach your magic number, staying focused will help you get as close as possible.
Never Stop Learning
One day it was the ABC’s, the next day you were counting to 100. While the lesson plan was always switching, one thing stayed consistent – you were always learning something new.
Use that same strategy for your finances. There’s ALWAYS more to learn. So find a good book on money management, start working with a financial advisor or even talk to friends and family members to see if they’ve got any good tips.
1 Kid President does not sponsor nor endorse OneMain Financial.