6 Smart Finance Tips!


Maybe your 20’s were different than my 20’s, but credit cards were easier to get than some college classes.  Sure the limits were low but in college money is money or so I thought.   Well, now that the dust has settled {honestly, that dust settled a LONG time ago}, I have a “wish-I-woulda” list that I feel compelled to share to help you navigate through your financial journey:


Your 20’s are the time to take your education up a notch and make yourself stand out from the pack.  Get industry certified, take a course in one of your specialized skills, or even learn a trade.  Take that Chanel bag off your Christmas list and ask mom, dad or your bank account for some education.  Wise self investments like this build your resume and make you more marketable than your peers who simply have a degree.  In addition, putting yourself around people in your field will give you more opportunities to make connections and network.


For God sakes’ control yourself.  You’re right, budgeting and staying inside a disciplined spending box is boring, but form the habit now, while you’re in your 20s, and your 40 year old self will thank you.  Think about it, many of us spend such a short time living the independent life – free from real responsibilities, that before we know it, we’re married with kids and our “wish-I-woulda” list is a mile long.  The only way to minimize those financial “wish-I-woulda”s is to take control of your spending and decide to spend wisely.  Pinterest is a gold mine for finding a budget worksheet that works for you.


Most of us would have heart failure if we came home and found that our coveted purse or shoe collection had been ransacked.  Why?  Because these are some things that we think have value in our lives.  Many of us have even added items like these to our homeowners insurance juuuust in case.   But what about life insurance?  There’s this misconception that we don’t have to start thinking about life insurance until we’re old and married with kids, but that couldn’t be further from the truth.  God forbid something should happen and you can no longer take care of yourself, what would you do then?  Begin doing some homework on the plan that will work for you.  You’ll notice the cost of insurance is less, the younger you are.


Credit cards are not the enemy, it’s how we choose to use them that causes us so much grief.  Many moons ago when Dad talked to me about credit, the one thing that stuck with me was to keep a low balance on your credit cards and pay more than the monthly minimum.  I don’t use credit cards anymore and haven’t for about 5 years now; truthfully because I’m afraid.  Kind of like not buying that quart of Rocky Road ice cream because you know that if it’s sitting in your fridge you’ll be tempted to eat the whole quart…in one sitting…while watching all 6 seasons of Lost.  Moral of the story is if you don’t have them then you won’t be tempted to misuse them. However, on the flip side, if you’re strong willed then credit cards can be a very good tool.  They should be used only in case of emergency, because chances are if you don’t have the cold hard cash to buy it, you don’t absolutely need it.  And here’s another idea, get a credit card and give it a very close friend or family member who you can trust enough not to use it and who knows you well enough to know if your emergency is really an emergency worthy of turning the credit card over to you.


For those of us in our 30’s, chances are we’re still taking care of some of those unwise financial decisions we made in our 20’s.  How do we make sure not to make the same mistake twice?  Understand good versus bad debt.  Rule of thumb is GOOD debt adds longevity and value to your finances.  It works for you.  BAD debt subtracts from value you’ve acquired through saving and spending wisely and it works against you.  Buying property is good debt as it will yield a return with the increasing equity, as long as you have a low rate.  Buying a car is bad debt.  Some bad debt, like cars, are sometimes unavoidable, but what is avoidable is getting taken advantage of.  Make sure the car you purchase holds it’s value, is financed at a low interest rate and if you can, put down a large cash payment so that you can decrease the principle.


Being a Christian, I believe in tithing.  My own testimony is that God has blessed me, not just financially but my home, my family, my health, just in so many ways that the very least I can do is honor His word.  I believe that of all tips here, this is the most important and will add the most value to your life spiritually and financially.  I hear whispers from non-believers saying, “I’m not giving money to the church/pastor so he can spend it on cars, houses, clothes, etc. when I’m sitting at home eating canned soup.”  I’m not going to mention that we don’t think twice about paying our hair dresser $200 to put a weave in or give $100 to Ticketmaster to see JayBey running around, but when it comes to supporting the ministry that pours into our spirit we want to ask questions….{sipping tea}.  And I’m not going to mention that God didn’t tell us to tithe and then follow up to see how the money is spent, although I would suggest that if you don’t believe you’re being spiritually fed, find a ministry that does feed you.  No, I’m not going to mention all that but what I am going to suggest to you is to give it a try.  With your tithing, you must also practice a life of holiness and doing God’s will. It’s a package deal.  And I believe that you’ll see God’s hand move in your life.

What financial lessons have you learned over the years?




5 thoughts on “6 Smart Finance Tips!

  1. Great Advice Leslie. Can you do a post someday on the fun things you do with the kids around the house such as pretend play, crafts, etc. Deperate for ideas! Thanks!

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