To Get Financially Stable

Black girls need a magazine that will help them with their finances. Society seems to have the ridiculous perception that we are the welfare queens. Spending money on hair weave and club clothes, but living off of the government. I have had a few people suggest that we include some financial advice that is much needed for young women. And if there is anyone who needed financial advice as a young woman it was me...... I was not a planner and I shopped before I paid my bills. It was a struggle to tell myself no you don't need that shirt, no those earring are not to die for,no that lipstick is not a necessity and NO you do not need ANOTHER pair of pumps (I'm a shoe queen what can I say).

This was me.... Not good.

THE STRUGGLE WAS REAL!

 

 

Over time I have gotten much better with managing my money. I'll let you guys know a few rules that I have been following to help me save money and pay off debt:

 

Rule 1: Have a plan!!! Set dates, specific dates and timeframes in which yo would like something paid off. Same goes for saving, set a dollar amount that you want to have saved by a specific date.

 

Rule 2: Take advantage of direct deposit. Have money transferred directly into a savings account that you do not have easy access to. Out of sight out of mind.

 

Rule 3: Set reminders. We all have these smartphones that we are glued to day in and day out. Might as well set an alert in you calender on pay day of bills due this pay period. This comes in handy so I don't "accidentally" spend my insurance payment money on MAC lipstick.

 

Rule 4: Be realistic. I set aside small amounts of money for me to do my random shopping with. Telling myself that I cannot buy anything for pleasure is torture. So I set aside a "shopping fund". Sometimes I spend what is in it sometimes I don't, but it is good to have for me and my sanity.

 

Rule 5: Unexpected things happen, don't stress if you have to use some savings to fix your car or pay an unexpected parking ticket. You cannot plan for everything just keep going on your plan

 

 

Here are a few links to some actual professionals that should help you with your financial goals:

Beginners Guide to Managing Money

10 Tips to Manage your Money

Get Your Money Straight Girl (book)

 

 

Happy spending... I mean saving :)... Good luck on getting you finances in check.

 

 

Black Girls Need a magazine that will give financial advice directed to us and our situations. We need to ensure that there is a publication we as black women have and trust to give honest and practical tips to keep us fabulous, fierce, and financially stable.



 

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