So I decided to take what I’ve learned from trying to smarter about my money, and all of the research I did, and put it together into a little booklet, but first I thought I would try our some sections with you to see if you had any ideas on how to make My Money Tips for Girls better:
Tip 1: Pay yourself first
I took 10% of my allowance (that $1) and put it aside. I hid it in my closet in a special shoebox. (I figure I can tell you since you won’t be coming to Riverton anytime soon.). I am supposed to do this every week and never ever, ever touch this money, so it can grow and grow and grow. Unfortunately, that didn’t work (see Tip 4). So now I know.
Split your money up this way
70% for everyday expenses
10% for my fortune
10% for the future
10% to share
It was harder to make do with even less than before, but slowly as I put more money into the different buckets, I realized it was ok to dip into the future for something I really wanted, especially since it made me really think long and hard about whether or not it was worth it.
So that’s Tip 1 – let me know what you think. And this week I am doing so much better with my allowance. I actually didn’t touch the dollar I put away in my do not touch box. And like Rose suggested, when I wanted a magazine, I stopped by the library, read the story and then put it back. I got what I wanted for FREE! Pretty neat.
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