An Autumn Lesson: Building a Pile of Money

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Who said the only way to learn about money was to read articles on top of articles? Financial education is all around us—provided you look closely enough. Increase your awareness with the SALT Blog video of the week, picked fresh from YouTube.

I can’t exactly endorse the activity in this video, seeing as it involves renting a truck, buying thousands of bags, dangerous stunts, and raking leaves for free. What I can endorse is these guys’ effort to collect all their resources and make the best of them.

As is usually the case with the video of the week, there is a money analogy here. These crazy leaf jumpers created something awesome by traveling far and wide (across Utah, apparently) to pull this pile together. You can get the same results by doing the same thing with your money.

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These Utahans (Utahians? Utes? Utahers? Utahites? Whatever.) must have used everything at their disposal to gather these leaves. When making and saving money, we students need to look everywhere we can to get the most of out our cash.

MAKING IT, RAKING IT

A student can make good money by getting a job, but it doesn’t have to stop there. Every bag of leaves counts. Think about the leaf gatherers in this video: They didn’t stop after just raking their own yard. Sure, they would have had a nice little pile, but they wouldn’t have had the fun that comes with a 17-foot-tall leaf mountain.

There are plenty of great ways to earn some extra cash, and each one will make your figurative leaf pile bigger and bigger. Whether it’s doing laundry for people or filling out online surveys, opportunities are out there. On-campus postings or a simple Internet search can help you start filling your wallet. (Just think if these guys charged for all their leaf collections—I’m sure they could have dove into a pile of money at the end.)

FILING IT, PILING IT

Once you’ve raked up your cash, it can be very fulfilling to “pile it up.” No, I don’t mean literally piling up your money. What I’m talking about is creating a budget.

Seeing how much money you have overall makes it much easier to set goals and track spending. So, if you have money in a checking account, savings account, or other investments (or just stuffed under your mattress or buried in your backyard), total it up. You can use pen and paper or many online tools to help you out.

By seeing how big your pile is, you’ll know whether taking a huge leap (buying something big, paying off a debt, etc.) will leave you safely in foliage or in a world of financial hurt.

How do you rake and pile your money? Leaf a comment for us! (Sorry.)

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