Ugh, adulting. Bills, rent, that random subscription service you think you cancelled… But hey, at least you’re not stuck living in your parents’ house forever, right? (Unless you’re secretly thriving there, no judgment).
The good news: managing your money doesn’t have to be a complete nightmare. In fact, it can be kind of like adulting-lite. Comrades, here’s how to boost your financial confidence and finally feel like you’re winning at this whole “adulting” thing (without wanting to crawl back into bed and hide from adulting forever).
1. Know Where Your Money Goes (RIP Mystery Subscriptions)
Before you can become a financial samurai, you have to understand your current situation.
- Track your income and expenses: Grab a budgeting app or a dusty old spreadsheet and see where your money’s flowing. Like that 20k you withdrew on Monday and it’s not even Thursday and it’s all gone?
- Assess your debt: List all your loans and subscriptions you forgot to cancel (because, same). Knowing your enemy (aka debt) is key to crushing it.
Pro Tip: Remember that extra subscription to that streaming platform that you haven’t been to in the last year, you know that one? Yeah, cancel that now.
2. The Budget: Your Financial GPS (But Way Cooler)
Think of a budget as your financial GPS, guiding you to your dream vacation, that fire new fit, or even starting your own side hustle. Here’s how to make it work:
- Set Goals: What do you want your money to do for you? Travel the world? Be debt-free? Write it down and make it your financial north star.
- Categorize Expenses: Split your money into “needs” (rent, food) and “wants” (Netflix, that third pair of shoes this week). This tells you where you can cut back if needed.
- The 50/30/20 Rule (But Feel Free to Hack It): Spend 50% on needs, 30% on wants, and save/pay off debt with the remaining 20%. Adjust it to fit your lifestyle because adulting is all about flexibility. habit.
3. Money Doesn’t Bite (Unless You’re Investing in Piranhas)
The more you know about money, the less scary it seems. Make learning about personal finance a part of your routine (seriously, it’s not as boring as adulting):
- Read Books: Check out “You Are a Badass at Making Money” or “The Total Money Makeover.” (Bonus points for reading them at the beach, because adulting.)
- Online Courses: Platforms like Coursera or Udemy turn you into a personal finance wizard with fun and easy lessons. ♀️
- Follow Financial Gurus (But Not the Crypto Hype Bros): Social media has tons of experts giving daily money advice. We’re one of them — follow @ MyInvestarng on all the platforms!
4. Start Saving Early (Because Future You Will Thank You)
The sooner you start saving, the sooner you can say “peace out” to Indomie and “borrowing” money from your roommate (we all know how that ends). Check out MyInvestar’s savings options to kickstart your financial journey:
- Vault Account: Earn interest (up to 19.5%) — perfect for funds you won’t need soon.
- Star Account: Great for short-term goals, with interest rates up to 18%.
- Goal Account: Tailor-made for specific savings goals, earning you 17% interest.
Pro Tip: Automate your savings! Set up automatic transfers, so you don’t have to think about it. Treat yourself to lunch with the money you saved instead.
5. Don’t Be Afraid to Ask for Help (Adulting is Hard!)
Sometimes, money gets complicated (shocking, right?). Don’t be afraid to ask for help:
- Financial Advisors: They can help you map out a personalized financial plan.
- Workshops and Seminars: Learn from the pros and network with other financially savvy people.
6. Chill Out, Money Shouldn’t Stress You Out (More Than Adulting Already Does)
Financial stress is real, but you can manage it. Here’s how to stay calm and financially confident:
- Mindfulness Practices: Meditation and breathing exercises can keep you cool when making financial decisions. ♀️
- Comparison is the Thief of Joy (and Financial Confidence): Don’t get sucked into comparing your bank account to your friends’. Focus on your own progress!
7. Learn from Every Step (Even the Stumbles)
The road to financial confidence isn’t always smooth, but every mistake is a learning experience
- Embrace Mistakes: We all mess up sometimes. Learn from them and move forward stronger.
- Be Flexible: Your financial situation will change, so adapt your plans and keep rolling with the punches.
Remember, You’ve Got This!
Building financial confidence takes time and effort, but with these you’re well on your way.
