Your money path. In my previous Financial Life After Yale post, you’ve read that – as each of us navigates our unique life-path to/through retirement – we actually have our own personal financial dashboard. On it, we can find levers and dials – choices that we can make over the years – that change our money picture and can help us catch up: How much you earn How soon you
Your money path. In my previous Financial Life After Yale posts, you’ve read about financial literacy in general; and about budgeting and money-discipline in particular. My latest post – about money-discipline – provided behavioral tips. As you put together your day-to-day budget, and then mark out a path to your financial future, surely there will be rough times. Life throws curve balls. Sometimes that can be a source of great
In my recent posts, you’ve read about financial literacy in general and about budgeting in particular.
In this post, let’s go over: How to bring your budget to life; and Money-discipline.
Why your budget matters. Some Yalies don’t budget when they leave campus. That’s risky. Unless you start your careers in severe thrift mode – or unless you’re getting paid potloads – you’ll want to track your money flows. In this post, I’ll discuss: Why your budget matters Your budget’s 5 moving parts The 4 horsemen of taxes Sacred savings Tracking transactions Why your budget matters. Budgeting isn’t supposed to be
Financial literacy – a career/life skill? When you think about career and life skills, what crosses your mind? Networking? Business etiquette? Interview techniques? Resume-writing? Self-discernment? Clear communication? These all matter, of course. Getting started – or moving along and up your career arc – may require all of them. But what about money? Money shouldn’t be your goal. But it’s crucial to know how money fits into – and can