Last month, my friend Jess of No Real Jewelry wrote this amazing blog post on 2 Small Tricks That Help Me Save Big Money, that really got me thinking about the excuses we create for not saving money. In addition to that, since I was a college freshman I always wanted to help my community have a better relationship with money. So many women and men of color are not taught how to balance their checkbook, saving for an emergency, the importance of a credit score, life insurance and many other things of that nature. My goal was to open up a financial literacy program or something of that nature. Yes, I was rather ambitious at 17 years ago, and 15 years later my financial journey has been one heck of a rollercoaster. However, I feel that since my ride has not been smooth and I have had to learn the hard lessons over and over again, I can share something on how to start saving when you don’t know where to start.
If you are one of the millions of individuals trying to build wealth that last for generations, you are also one of those people looking to save additional funds every month. As I get closer to 30 years of age I realize that I need to have more money in my saving account. I’m no longer a teen or young adult who can depend on her parents to fund her lifestyle or take care of life expectancies such as new car, wedding, down-payment on a house, fix my washer and dryer, or other things that happen when you become a real adult.