Acorn Investment App - A Novel Idea For Spare Change

In the past I have written (and begged you) to begin your savings early, because at your age the benefit of time and compounding sooooooo outweighs even the biggest salary you may earn when you have climbed the corporate ladder or developed the trendiest app!  You can play "catch up" with large funds when you are older, but nothing will be sweeter than having invested  little early on only to be rewarded big later on!

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Ball And Chain

Its so easy to sign up.  Maybe even needed to get a credit score and credit history established.  It's so easy to swipe the plastic, hit the 'Buy Now' button, and to convince yourself you need something when you don't.

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Dream Crushers

Really liked this quick blog I found on Guest blogger Ben Luthi presents solid advice on simple steps to consider doing right now for your future financial happiness.  

Whether you are currently about to start college, in college or ready to graduate, this blog has something for everyone to think about!  Life, living, and finance doesn't really have to be so hard if we just planned better.

Things I Learned Doing Financial Planning by Ben Luthi for


Finding Scholarships

Recently stumbled upon finance blog by Tom Corley.  Interestingly, he has quite a bit of info for the college age population, and one recent blog / video interview he posted featured Kristina Ellis and her book 'Confessions Of A Scholarship Winner'.

In short, she managed to collect $500,000 in college scholarship to fund her way thru Vanderbilt along with two majors.  I have not had a chance to read her book, but I have downloaded a copy for my Kindle App ($7-8) since the hardcopy is 'sold out'.  

Don't wait until March or April to begin panicking about your income.

Take a few extra steps now and educate yourself on making next year easier.

(I have incorporated a link solely for your convenience.  I do not have an account with Amazon as an affiliate. So, as far as I know, I am not getting any royalties or referral money.)


Polar Bears and Footprints

We have all seen the ad of the polar bear stranded on the floating island of ice that is would otherwise be attached to a solid piece of land if it weren't for global warming.  As teenagers we really don't put alot of thought into how we are contributing to making this world and environment a better or safer place.  At that point we are usually just trying to get thru high-school or figure out life.  As our youngest son told us when we advise him to practice having a budget, he answered "Why?  I don't have any bills?"

Part of moving out on your own is realizing the tremendous amount that "things" cost, and, that your parents paid for most of it while you just thought your budget consisted of going to movies, buying video-games and grabbing some food with your friends.  In many cases, you may have simply taken it all for granted, ie toilet paper, water and electric bills, gasoline, insurance, air-conditioning, laundry soap, wi-fi, cable or your cell-phone.  

Unfortunately, those things, if important to you, become 'fixed expenses' as you begin life on your own, meaning,  you have to pay for them every single month if you want to take a shower, wash your clothes, watch TV or have email--just to name a few.  Over and over, month after month, again and again, Right?

But there are two important reasons and questions to ask yourself as you approach to this 'recurrent' problem that eats away at your hard earn cash or high-interest school loan:

1. How do you use energy? 

2. What is it costing me and the environment, ie others around me?  

How you approach these two issues will directly impact your budget and cash flow as well as the greater good of sharing this planet with others.  Whether you are in college, grad school, or just graduated, 'fixed expenses' become a necessary evil, but you can decide how much of them you need and is your money worth it.

Take a look at a great blog offering great advice in multiple venues regarding living responsibly, but which is also geared for 20-something independent-living young adults wanting to maximize cash flow and minimize bills. 

Cutting Monthly Entertainment & Utility Expenses

Saving Electricity

Alternatives to Cable TV

These are just a few articles to look at, but if you have time, look at this bloggers entire library of 60 posts on Summer of Savings.  He is practical and useful. 


Passive Income

It's always frustrating reading books on real estate or finance where descriptions of wealth are described but the road to riches is rarely explained in detail.  

In the finance lingo as I have come to understand it, the key to having financial independence is having multiple sources of income--whether from money working for you or stocks or real estate--doesn't matter if you are sick, healthy, have a job or not, the money deposits with uncanny regularity into your account.

As referenced before, take a look at the Financial Samurai's blog and the link to his recent article below. 

For more info, check out RichDad PoorDad a classic, easy read for gaining financial literacy about money, especially increasing your passive income...yes, even as a college student.