A couple posts ago, I talked about the importance of having a side hustle. Mine, my website (Money After Graduation), has given me opportunities I never imagined when I started blogging—including a new one with a financial start-up.
I’m excited about this new opportunity, but it comes with more changes to my life. Sadly, this will be my last post for the SALT™ Blog.
Maybe you don’t think of yourself as much of a cartographer, but you should never set out on a journey without a plan of how to arrive at your destination. And that includes traveling into your financial future.
As 20-somethings, it often feels like we have to manage so many financial obligations just to stay afloat. Because of this, it can be hard to look past the next payday—let alone to the next year or decade. However, it’s essential to think about your finances in a long-term context. Here’s a three-step plan to help you do it.
They say “do what you love and the money will follow,” but I’ve always taken such colloquialisms with a grain of salt.
When I started blogging about my student debt experience, I didn’t expect my writing would secure any attention—let alone profit. However, after 3 years of blogging, my website, Money After Graduation, has become an unexpected resource of both money and work experience.
Since then, I’ve become enthusiastic advocate of pursuing your passions on the side. Here are three big reasons why.
I’m all about maximizing efficiencies at school and work, so it’s no surprise I look for ways to replicate these efforts in my financial life.
I’m always looking for financial life-hacks, and below are my three most effective ones for saving and paying off debt.
Once I started tracking my spending, I didn’t think there was much else to money management. After all, my debt was going down and my savings were going up—so everything looked right to me!
As time went on, though, I realized I was making mistakes with my budget … and I didn’t even know it. Here are five of these common mistakes. Check them out to see if they’re holding you back from reaching your financial goals.
This post’s title probably got your attention, right?
Well, OK, I don’t have a magical way to turn the $25 in your bank account into $150,000 immediately. However, I do have a way for you to make that happen eventually: begin saving for retirement—now instead of later.
Time is on your side.
After my exhausting and stressful internship hunt, I finally found the right one: a 12-month full-time role at a tech company that used both my bachelor’s degree in chemistry and my MBA.
After two rounds of interviews, the company narrowed their selection down to me and one other candidate. Going into the last interview for this dream internship, I felt confident. In fact, I felt so confident that I turned down an offer from another firm.
You can imagine my disappointment when I lost the position to the other candidate.
As I’m just wrapping up the first year of my MBA, I’m looking forward to the 4-month break of summer vacation before hitting the books again in the fall. Even more than relaxing from my studies, I’m looking forward to bringing in some income through a paid summer internship.
Having already put in a few years of professional work experience, I thought I had finding the right internship under control, but I’m a little embarrassed to admit I made some major mistakes in my search. Here are the three biggest ones, so you can avoid making them yourself!
When I filed my taxes this year, I expected to get an income tax refund in excess of $5,000. As an MBA student with a huge tuition bill and a year’s worth of tax-deductible contributions to my retirement accounts, I was sure I had enough credits to produce a sizeable return. I was planning to spend it on plane tickets to South America, then shuffle the leftovers into savings for next year’s MBA course fees. I was even going to let myself take $300 on a mini shopping spree. You can imagine my disappointment when I received less than 25% of what I was expecting.
Certain expenses seem to exist in an untouchable sphere. They sneak under the labels of “necessity” and “fixed cost”—even when we adamantly reduce our spending everywhere else.
For me, yoga is one of these spending blind spots. And after realizing I’ve already spent more than $500 on yoga classes and workout gear this year, I’m not feeling too zen about it.