Money is power, it’s independence, and gives us the freedom to live the lives we want. Ready to start a business? Pay off those student loans? Buy a house? None of these things are achievable if we’re not in control of our money and working towards our financial goals.
That’s why we created #MoneyTalk365; to empower you to make smarter financial decisions. We hope that last month’s topics motivated and inspired everyone to do just that.
Let’s recap your favorite #MoneyTalk365 posts from February. Chime in after me…
1. What to say to your friend who was pre-approved for a mortgage.
Just because you can doesn’t mean you should. If ‘The Big Short’ taught us anything, it’s to watch out for a turd wrapped in a bow. Like, “Yay. I get to pay you hundreds of thousands in interest over the next 40 years. Must be my lucky day!” Predatory lending screwed over the American economy once. Let’s not let it happen again.
2. What to say to your friend who deserves a raise.
Know your worth! You’ve put in the time, done the work, and are an asset to the team. Negotiate your salary by coming to your boss prepared with what you’ve done, what you think that’s worth, and a game plan if you don’t end up getting what you want.
3. What to say to your friend who complains about property taxes.
Quit kvetching. Offer to trade living arrangements. Perhaps, they’d like to perch up in your 450 square foot studio where the closet doubles as a bedroom and the bathroom’s attached to the kitchen. Pee-yew! Owning a home is a luxury these days.
4. What to say to your friend who finds doing taxes taxing.
Learn the lingo. Tax jargon can be harder to decipher than DJ Khaled’s wild catchphrases, but knowing the basics is the first step towards saving time and money.
5. What to say to your friend who incessantly gripes about their partner’s spending habits.
Two words. Move on. Negative financial traits in a romantic partner often don’t improve with time, so instead of wasting energy moaning, recognize that you might not want to hitch your wagon to someone who spends so freely.