They say college is one of the best times of your life and honestly, I’d have to agree. You’re making that first transition into adulthood, meeting new people, pursuing your career goals, and most importantly, you’re finally independent.
That first taste of freedom you get when moving out of your parent’s house and into a dorm freshman year is one of the best feelings of young adulthood. But with that new freedom comes much responsibility including financial responsibility.
Managing your finances can be overwhelming at first. You may or may not have some personal finance knowledge before heading to school, but one thing is for sure: you will need it.
Welcome to money month on The Happy Arkansan!
I decided that I wanted to dedicate all Wednesdays this month to talking about money and money management. Today’s post is going to be about something that’s been near and dear to my heart lately–breaking up and breaking down your income goals. When you have a lot of money you want to make, looking at the huge figure can be difficult AF. You can use this no matter whether or not you are a student, an online content creator, or anything in between.
In order to showcase this effectively, we are going to use a few examples:
- Our first example is going to be a college student called Maggie Money. Maggie lives in Arkansas where she has a part-time job, an Etsy shop where she sells cute paintings, and occasionally she babysits to make ends meet.
- We also have Cassidy Cash. Cassidy is a blogger and a freelance writer. She creates sponsored posts for brands, does freelance writing work for clients, and she also has an e-book that she wrote to sell to her audience.
Let’s see how these examples can break down their income goals to reach them effectively.
As a note: I am not an income or tax expert. I am not factoring every minute detail into this post. There are some things that are hard to calculate exactly, but I am going to try my hardest to do that though.
When I was in college, I was always overdrafting my bank account. I was the kid who was trying to pay for just a regular fry at a campus restaurant and overdrafting my account by $2.
When I was in college, this was okay because I found a loophole, Regions only charged an overdraft fee if you overdrew more than $5. I may have used this loophole a bit too much in college.
Unfortunately, Regions probably began to understand that most people overdraft for less than $5 so they got rid of that rule a while back. Today on the blog I am going to cover my seven tips so you can stop overdrafting your bank account.
First off, I wanted to start this blog by saying that this is not sponsored. I will include some Swagbucks links throughout the post though. If you want to sign up for an account after reading my blog, I would love for you to click any of my links to Swagbucks to sign up. These are affiliate links, so when you click and use them, I can potentially earn a bit of money from that.
I have been a member of Swagbucks for years. I have amassed over 21,000 Swagbucks in that time (or around $210), and I have learned a lot about the platform over the last year or so. A good chunk of the Swagbucks I have made came in the last year and a half. Today I am going to share my best tips for actually making some money back with Swagbucks. Also, I sometimes use SB in place of Swagbucks throughout this post.
Note: This post contains affiliate links.