Money 101

This post is part of the series Adulting 101

Other posts in this series:

  1. The Basics!!!!
  2. Get a Job 101
  3. BILLS 101

Wealth gotten by vanity shall be diminished: but he that gathereth by labour shall increase.

Proverbs 13:11

Is it the root of all evil, the answer to all problems, or some big conundrum?



Everybody wants it, but to be honest many don’t know what to do with it. As a young person I learned how to Count money, how to Spend money, and how to Make money. I thought I knew what I was doing. The funniest part is that I was BROKE  had it all wrong.


I used to think I was doing so good when I would buy something for lower than the original cost. While this scenario sounds good the problem is I would buy things I didn’t need because they were “ON SALE” and tell myself I was saving money. Later in life I learned there’s a difference between “Buying something for a lower cost” and “Saving Money”

Below I’ll Give some of my tips on what I do to SAVE and correctly MANAGE the money I do receive

  • Never spend your last dollar: If you can avoid it please do so. I see people all the time who spend every dollar they have when they don’t have to. The excuse I hear the most is “I don’t know when i’ll have it again and i’ve always wanted this”. So many people spend money on instant gratification and don’t think about the future THEN WONDER WHY THEY’RE BROKE. I Personally take $20 out of each check and have it automatically transferred to a different account. I know not everyone can do this. Hey there was a time I couldn’t do this. But every little bit counts. Even if it’s just change or pennies SAVE SOMETHING. It all eventually adds up

  • Invest: I know it seems like you have to have a lot of money to invest in the stock market but that is such a big misconception. There are apps you can link to your bank account and invest for as little as $5

  • Have Multiple streams of income: In this day in age having only one form of income is not enough. Especially if you work a 9-5. I remember When I was working in retail in my early 20’s. When I wasn’t working or in classes I would do makeup, hair, and sing on the weekends. When I lost the 9-5 I was able to lean on my “side hustles” until I got another Job. When in doubt, find something you like to do and find a way to use it to make money

  • Balance Your Checkbook: Knowing what you have helps you to spend less. Have you ever looked at your bank account then not looked at it for a while after shopping and paying bills, Determine in your head what you think is left, Then check the account only to have significantly less than you though. I used to do this all the time. Constantly balancing my accounts helped me keep track of my funds and made me take more time to think about my purchases

  • Pay attention to your credit score: Your credit score determines how much you pay for houses, cars, and can even be the difference in if you get that job you really want. If you are over the age of 18 and don’t have credit a good idea may be to get a credit card with a low limit. The trick with that is if you have a credit card the best way to maximize your credit is to use the card then pay it off. Other bills like phone and certain subscription services can also help boost your credit score



All in all the best way to manage your money is to Keep track of what you have and live below your means. 

I am in no way a financial planner these are just some of the things I did to go from Broke to Financially Sound.


What do you do to help manage your funds?

Comment Below


Peace Love and Blessings


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