For namesake, we’ll call this mini online course “Personal finance 101”. This course is just the baby steps you can take to become self-sufficient with your money. It is inclusive of all the basics and more.
Our mini-course has just 7 super easy tips you can use. Definitely, something you can add to your “learned online” bucket list.
Financial goals? Create and score them
Before you start to teach yourself about personal finance online, try an understand why you want to learn about money first.
Ask yourself what you want to change financially? And how it will benefit your life now and your financial future? Ask yourself learning about money is so important to you? Because if you don’t know your financial goals, it might be hard to know where to start. The more you discover why you want to do what you want, the more motivation to get it done. Only then will you be better off putting in the work to learn.
Put those numbers down in writing
Okay, one more thing, after your goals have been set, know that it’s also a good time to put a bunch of numbers down on a sheet. And we’re talking your salary, monthly take-home, total monthly expenses, what you have saved (if anything), investments (if you have any), etc. Nothing fancy, just a simple and data dump of this info.
When you see all this in one location, it will help you adjust your goals and make a spending plan. This will also be a wake-up call when you in case you overspend unnecessary things.
Read books on personal finance, lots of them!
If you want financial knowledge, then you’ve got to do what you’ve got to do—even if you think it sounds like a snoozefest. Read books about money, there are tons of great books out there that make learning about money easier. You only need to dedicate 1-2 hours each week reading a money book.
Open an investing account
Wait, you’re telling me to open an investing account when I don’t know jack about it? Don’t worry, hear us out! It’s for your own financial good.
Whatever your financial institution of choice, you can open an account and contribute a small amount to start learning how it works.
Disclaimer: Never put all your money in or risk investing in individual stocks to start. The goal here is to take baby steps to invest and learn how things work.
Talk to someone who knows better
Sometimes the best advice and knowledge comes from someone who’s got it all figured out! Yes, people like that exist. It could be a colleague, a trusted family member, or even a close friend.
And no, we’re not talking about advice on the latest investment or comments on Bitcoin.
You want to talk to someone who has a proven track record of knowledge and success. Their advice will motivate and teach you what worked for their finances.
Read personal finance blogs
If you are reading this, then you are already on the right track! Wink wink.
But seriously, personal finance blogs, or as we call them “mini-courses” can expand your knowledge and viewpoints. We at Beem publish a ton of those. Check us out!
These blogs can help you think differently and understand the basics of personal finance online. Blogs are insightful and inspiring.
Use money tools for your finances
As you start to make better financial decisions, some tools can help you manage your money effectively. You can Subscribe to Beem, you can even save, spend, plan and protect your money. With Beem, you can track important financial data and understand more about your money.
See also about: Applying the 50 30 20 Rule: Managing Your Finances
Final thoughts on personal finance online
You don’t need to be an expert to manage your finances and you can have little to no background and still be able to nail your financial health.
And while you might’ve taken control of your finances on one level, keep learning and keep moving forward. Re-read those books or find new ones. Chat with people, watch documentaries related to money, etc. Keep growing. Financial management doesn’t stop at one level. And stay motivated. How? Listen to the Beem podcast. Listening to how others overcame their financial struggles will help you realize you can do it too!
The bottom line? Don’t stop learning, take action and stay consistent if you want real results. Good luck on your financial journey!
