This post may contain affiliate links which may compensate us based on your interaction at no cost you you. Please read the disclosures for more information. 

Are you a smart saver? Are you taking advantage of all of the opportunities that certain bank accounts have when it comes to saving? I recently learned about savebetter.com which is essentially a marketplace where you can discover different products as a relates to saving money.  What I love about savebetter.com is that its values are based on safety, convenience and choice. You deserve to have great products when it comes to saving your money  and the SaveBetter platform allows you to choose which banks you want to save with from their selection of products that best align with your financial objectives.

The savings products that they offer on their website are all FDIC insured from a variety of banks that have specific missions.  After registering for savebetter.com you’ll be able to compare different products that are being offered which align most closely with your savings goals with banks that you would like to support in their mission. Some offers you can find on savebetter.com may include the following:
You could take advantage of exclusive offers from Ponce Bank. Ponce Bank provides business and personal banking services. Their accounts have a yield 10X the national average. They have no annoying fees and their mission is to serve individuals that were particularly hit hard by the pandemic. You can find more details about Ponce Bank here.

They are also currently offering high-yield CD special rates for 5 month, 13 month and 48 month with APYs ranging between 0.45% and 0.70%.

Everyone needs to save money. Sometimes we save for an emergency, a car, or a luxury vacation. Why not save more without evening knowing you are saving more with the products mentioned above?

You need other resources to help you along your saving or debt free journey check out our resources page.

Are you like me and spend time surfing YouTube all day trying to learn something new?Have you ever gotten the urge to create your own content for Youtube? I mean have you heard how much money YouTubers make?? It actually takes time to create YouTube content  so that it can become an additional source of income for you.If you are looking to make money from video content then this the perfect way to learn. Here I sat down to talk with  Apple Crider (YouTube & Podcast) who discusses his journey as a successful Youtuber. 
​
This post may contain affiliate links which may compensate us based on your interaction at no cost you you. Please read the disclosures for more information.
​
Who is Apple Crider? 
Apple Crider is a 21-year young Podcaster and YouTuber who deep dives into the topics of Personal Finance. Apple also is a part of the investing website “Investing Simple” (InvestingSimple) that provides you with resources, tips, and money education, to help build your financial future, and learn the smart methods and practices that make investing simple.  Apple’s YouTube channel which can be found just by searching his name “Apple Crider” in YouTube, has videos on Credit Cards, Entrepreneurship and Personal Finance. Apple’s Podcast called “Young Smart Money” is a Business and Entrepreneurship podcast for young entrepreneurs, that contrasts the experiences of startup founders and social media influencers.


How is the 21 year old making money from Youtube?
This 21-year-old really changed the way you can make money online through his podcast and YouTube channel. He talks honestly about some of the same things that I speak about as relates to finance and being good stewards of your money. His podcast is called young smart money which is focused on building young entrepreneurs in providing additional insight from his own personal experiences.In addition to being a podcast or YouTube or he does plan on launching his wealth management firm for young entrepreneurs similar to himself.

So there’s a handful of ways you can make money on YouTube such as through that we all love to skip while watching YouTube videos. I’ve heard that YouTube gives you 50% of the ad revenue while keeping the other portion for themselves. I suppose that’s a decent deal since you’re able to use their platform. So don’t assume that Apple started with a lot of followers he truly had to groom and grow his channel there which helped him to be able to make more money on YouTube. Another way to make money on YouTube is through affiliate marketing which allows people to click on affiliate links associated with his account and if they make a purchase the Apple gets a percentage of the commissions. It’s honestly so many ways to make money out here. Need help with cover art, try the experts at Fiverr®

​So if you’re interested in starting affiliate marketing I would recommend doing your own personal research. Apple mentions that it thinks that affiliate links should relate to whatever content you’re putting in that YouTube video so your viewers will not get confused. You don’t want to be an affiliate for programs, products and services that your viewers don’t even care about so you truly have to mention it and sell it within the YouTube video. When you think about building your overall you to bring and be mindful the longer you keep videos on there the longer there is an opportunity for engagement decrease so for people to like your videos unfortunately dislike your videos comment subscribe and all of those wonderful things to ensure you are building your YouTube community. Also, starting a Youtube channel doesn’t have to be expensive. You can start with your smartphone like most Youtubers. You can then upgrade once you make money from Youtube. You can upgrade your phone, camera, web camera and laptop when the money starts to roll in. Be mindful that your views will let you know if they do not like your content.

It’s important to also know that people think creating a YouTube video is truly a science. As someone with a Youtube channel I would completely agree. You don’t want the video to be too long or too short so Apple  would recommend that the videos are between 10 to 20 minutes. Most people don’t wanna sit around looking at their laptop screen at the same video, especially if the content is not engaging.There are so many ways to make money here!! Youtube is just one way.

Again if you want to monetize your YouTube you have to put our great content you want to be consistent with the content as well so Apple starts off making about $150 a month. He was able to scale up his channel to make up to $1000 dollars a month.

​Other ways to earn money with side hustles or with eBay. Also, if you are ready to  master your money check out the It'$ My Money Masters Program. 

Start now with building or rebuilding your credit. Credit Card Builder

Check your mail, there may be billing errors. I wanted to share my story about a recent dental visit and bill. 

I had a dental emergency and went to the dentist. They took care of the emergency with a temporary fix and suggested I make a visit for a more permanent fix. I scheduled the visit for the permanent fix. Then when that day arrived. I got dressed, worked for a bit and headed to the dentist office. When I got there, I had to call from outside (due to COVID), and then they let in. Once inside I checked in and paid the $50 patient deducible  for the anticipated services and waited in the waiting room for my name to be called. 

Then I was called and went in thinking I was about to have the service I was scheduled for and and ended up having a consultation with the dentist. He mentioned I need to do some other work and we didn’t need to do the permanent fix that day and we walked through some options. We had a great discussion and at the end he committed to send the plan to me via email. 

A couple of weeks later I received an explanation of benefits (EOB) from my dental insurance company in the mail. It showed the dental office billed them for the service I was scheduled to have (the permanent fix) that I didn’t end of having. The EOB also showed $585.50 was applied to my deductible which meant that was the amount I would have to pay out of pocket. As a matter of fact I didn't have any service that day. I called the dentist office and they acknowledged the error and assured me they are working with my dental insurance carrier to reverse the entire bill.

Pictured below is the portion of my actual EOB with the summary of the changes and how they were applied.

The moral of the story, OPEN YOUR MAIL. Ensure things are accurate. People are human and they make mistakes. I know too many people that have unopened mail on a counter, on their desk in a “to do” pile. When you get EOBs in the mail, it is important that you check:

• The services rendered 
• Charges
• What was paid, or not
• Your patient responsibility
• The provider of service 

I still have to monitor to ensure it is actually reversed as it was not done as I wrote this blog. 

This has nothing baring on the dentist himself or even the office staff. I actually love my dentist and the staff. This is a reminder that everyone makes mistakes and something are on auto-pilot and you are the 2nd set of eyes to catch things. 

Start off the year with knowing all of your debt. Open all mail and if you have bills sent to yo in emails, be sure you are checking emails regularly. The best way to pay bill so time or to ditch debt is to know how much debt you have. Create a budget to help. Grab you free debt tracker or budget sheet here. 

Check your bank statements and account activity regularly. People who work at banks are human and can make mistakes. At the end of last year, a teller error happened to my account. I brought it to the attention of the bank, they took my information and said they would get right back to me. But they didn’t but I was persistent.
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The quick story, I went into the bank and cashed a check from my own account, the teller cashed the check and I went about my way. On the statement it showed the check cashed AS WELL as a cash withdrawal for the exact same amount on the same day - which incorrect.
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It took like 48 hours for them to get back to me. When they got back to me, the manager apologized for the error and went to explain to me what happened and finally corrected their the error. Fortunately it didn’t cause me to incur a fee or caused other transactions to be impacted.
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𝐋𝐄𝐒𝐒𝐎𝐍: Had I not checked my bank statement, noticed the error AND contacted them right away I would have suffered a loss. 𝐘𝐎𝐔 are responsible for the accuracy of 𝐘𝐎𝐔𝐑 account. ⁣Was it a human mistake from the teller? Yes. But it was my diligence and intention about reviewing my finances regularly that this was caught and rectified quickly.

There are so many ways to check your account activity. Most banks, credit unions, etc, offer and app or at the very least have a website. This enables you to check your account activity regularly as opposed to waiting for a printed or even electronic bank statement once the month closes. At a very minimum check that statement or on a more regular basis via the app or website. 

When applicable, add notifications so you are made aware of any transaction that can negatively impact like, such going below a certain dollar amount threshold in your balance. 
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Have you checked all of your bank statements or account activity recently?
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​It’s that time of year. Time to start mapping out your spending for the holiday months where people usually overspend on dinners and shopping.

The holidays are a special time of year for sharing good cheer, great food and generous gifts with the ones we love. This year we have to celebrate in a different and safe way but spending will still take place. Before you map out your Black Friday and Cyber Monday shopping or the small holiday gathering even via Zoom, consider these 5 tips to save money this holiday season.

1. Create a holiday budget or spending plan
When it comes to the word “budget” many people often think of complicated spreadsheets and restrictions but no, no, no - a budget will help you plan your spending and ensure there no surprises at the end of the year. No matter how big or small your holiday spending budget, ensure it is realistic. Comparison shop around to find the best prices for the things you want to buy.

2. Make a list
Shopping for the ones you love can lead to overspending.  All of the sales will exciting and tempting - trust me I know. To help avoid going over budget make a shopping list. On your list include the individuals you plan to shop for and a budget for each person. This will also help you narrow down the gifts options. You can actually get very granular and add the actual planned gift to the list so there isn’t room for overspending. You can also use budget envelopes for your shopping, one for food, one for gifts, etc…

3. Start early
Don’t miss out on savings by waiting until the last minute to do your shopping. Starting early will help you stick to your shopping list and allow you to shop around for the best deal and not pick up what is left since you started late.

4. Unused gift cards
Check your wallet to see if you have unused gift cards or ones with small balances. You would be surprised how this can help you fund your holiday shopping. Example: small balances on several Starbucks gift cards may be enough to get a gift from Starbucks for a boss or coworker.

5. Unconventional gifts
Try printing a photo of you and your best friend, child, parent, spouse then get a frame and a blank card (you can get both of these at Dollar Tree) and handwrite a heartfelt message. Another idea is a wall or desk calendar with pictures of the family for each month for a family member you don’t see often, along with a blank card with a heartfelt message.

Making your money stretch during the holidays comes down to preparation. Set your budget or make a plan and start early and you can avoid excessive spending and bring in the New Year financially stress free.

For more helpful tips on making your money work better for you, Sign up for the It’$ My Money™ Newsletter.

As a person who ​traveled extensively for my employer and my business you can imagine how it was for me when all of that came to a sudden pause. No travels - none at all, not even locally, due to the pandemic. My last out of state trip was to LA at the beginning of the year. Now the annual event of the year is here. Am I going? Can my husband make it as he is still recovering for being sick? Our original plans were to make it a road trip.
Then when it was clear he was unable to go so I had to make a last minute decision on how I would get there. Go with others, was an option. Grab a flight and ride back with others. Search from a direct flight from JFK or just leave from BDL and take a round trip flight. 

The Flight: The best option was the round trip there and back from BDL. Now it is a week before the trip (not ideal for a great flight price) but it is what it is. Then I remembered, I had airline points. I tried to use the points to no avail. I didn’t have enough to cover the round trip then tried to purchase the balance of the points and it would have cost more than to getting the full round ticket through Expedia so I did that. $384.20 round trip from CT to Newport News, VA and back. 

Hotel:
Next was booking the hotel. I also had hotel points. This time enough to to cover both nights at the Marriott. $0.00

​Transportation:
Now how will I get around while there. A rental car? Uber? I weighed the options, rental car would mean the hustle and bustle of getting it, paying for parking at the hotel, finding parking at each stop, putting gas in it before return or using Uber. Uber would pick me up at the door each time and while I rode I could check out what’s going on my phone. Uber won. Total in Uber for the 3 days - $83.91. 

The night before leaving, I had a little anxiety. I tossed and turned all night. Not sure if the anxiety was from an early flight and not wanting to over sleep and miss it or this was the first time I would be going through an airport onto a plane, etc. with Covid still running wild. The alarm went off. It was time. I was Masked and gloves up and off I go. 

I packed accordingly so baggage fees - $0.00

Each leg of my flight there I didn’t have anyone sitting next to me.  Great for social distancing and for stretch out. In between the two flights I charged up my computer and cleaned out some emails and enjoyed my breakfast. I also caught some of FinConX which is a financial conference and black enterprise entrepreneurship summit. I have to keep my finance game tight, learning from others, so I can be better for my clients and my squad. 

Food:
Now the food story. Ok, conducting business and dropping knowledge over food always go over well. Also you will see I didn’t really eat day one. I know that was not good but I survived. 

Day 1

• Hot tea on the plane $0
• Breakfast sandwich and coffee at bojangles - $10.20
• Pepsi - $3.02 (crazy)
• $7.00 (pretzels, Pringle’s and Pepsi)
• Evening food was taken care of for me

Day 2 

• Group strategy breakfast - $84.54. There were 5 of us. This does include the tip. I always tip well for great service. I used to be a waitress so from first hand experience I know what tips mean to a waiter. 
• Evening food was taken care of for me. 

Day 3

• Sales meeting - Hotel Coffee $0.00. We review tons of new approaches (Thank you Chris for suggestions). Used the hotels little business area as everything. Every other spot with outlets were occupied. But the area met the need. 
• It meeting ran over and we continued over breakfast  - $43.42 and this also includes the tip.

This post may contain affiliate links which may compensate us based on your interaction at no cost you you. Please read the disclosures for more information.

With the holidays around the corner, many households are saving up for gifts, family and friends get togethers and more. This means many people are not saving for the unexpected expenses, which may force them to cut into their gift giving budget in the event of emergencies. 

So what happens if the car breaks down? Or if the heater conks out during the winter and needs repairing? Safety-Net Expenses can eliminate the worry of where the money is going to come from to repair that car or HVAC. But what exactly are Safety-Net Expenses?

Instead of the standard three known categories of a budget, I like to think of expenses in four different categories, or buckets, by order of importance: 

Non-Negotiable Expenses
Non-Negotiable Expenses help to meet our basic human survival needs of shelter, transportation, food, and water. Expenses like mortgage/rent, car payment, electricity, utilities, groceries, and water are primary expenses that must be paid on time to sustain a comfortable lifestyle.

The NBD’s (or Necessities by Default)
NBD Expenses are not as important as the non-negotiable expenses, but these expenses enhance the quality of life. NBD’s include expenses like a cell phone bill, cable bill, primary insurance (health, homeowner, auto), personal loans, student loans and credit cards

Enrichment Expenses
Enrichment Expenses are activities and expenses that enrich our mind, body, and soul.
Expenses like:

• Vacations
  
• Beauty & self-care
  
• Entertainment (Movies, Netflix, Hulu)
  
• Retail (Shopping, Amazon Prime)
  
• Gym membership
  

These are not required. However, they increase our enjoyment of life.

Safety-Net Expenses
According to ABC News, “40% of Americans could not come up with $400 in the event of a financial emergency.”

Unfortunately, many households forget about or ignore this category. However, these low cost expenses can be the most important to protect our financial stability. Safety-Net Expenses are a set of expenses that don’t cost much upfront, but can save massive amounts of money in the long run.

So which Safety-Net Expenses should we pay attention to protect holiday shopping budget and financial security throughout the year?

Emergency Savings Fund 
Set up an automatic direct deposit of a certain amount or percentage of your pay into a savings account. Establish the savings account in a financial institution that is separate from your primary checking account. Having a separate savings account will eliminate the ability to transfer funds from your savings when hit with spending temptation. Having this savings fund will protect your family’s financial stability in the event of an emergency or accident during the holidays. Check out this budget bundle

Vehicle Service Contract
One of the most significant unexpected expenses that is the biggest holiday budget buster is a vehicle breakdown. According to a survey done by Toco Warranty, “Around one-third of Americans own a car that is at least seven years old, which means a breakdown is inevitable.”
Instead of committing to thousands of dollars and years for an extended dealership warranty or dishing out thousands of dollars for unexpected repairs, consider a low-cost, month-to-month vehicle repair coverage contract like Toco Warranty. 

What I love about Toco is that it is a pay-as-you-go vehicle service contract that fits within any monthly budget and can be canceled at any time. It can protect your budget from significant car breakdown expenses that happen during the holidays and throughout the year. It can also be cheaper than an extended warranty from the dealership. *For 50% off your first month, use code BOSS

Home Warranty Coverage
Many things that are not covered under a standard homeowner’s policy as a result from neglect or failure to properly maintain the property. Damages from termites and insects, bird or rodent damage, rust, rot, mold, and general wear and tear are typically not covered. Damage to appliances and HVAC (heating, ventilation and air conditioning) breakdown is also not covered. The worst time for the HVAC system to breakdown is in the summer and winter during the holidays. These are the times that repairs cost the most.

Investing in the right home warranty coverage will protect your budget from the excessive expense of appliance or HVAC repairs or replacement during the holidays and throughout the year. These and other safety-net expenses will protect your family’s financial stability with their affordable monthly payments, and can help you budget to spend even more during the holidays. If you find that you need to reduce expenses to fit your monthly, consider reducing usage-based expenses in the other categories, specifically curbing energy use or pulling back on auxiliary expenses, like include eating out, credit cards, or enrichment expenses.

What are some Safety-Net Expenses that protect your budget from excessive unexpected expenses?
 
Guest blog from Tarra “Madam Money’” Jackson  check her out here. 
Tarra is an award winning International Speaker, best-selling Author, Spokesperson, Brand Ambassador and Financial Expert Contributor, Tarra Jackson inspires her audience to overcome financial challenges by giving simple strategic steps to help them reach their personal, professional and financial goals. Individuals and corporations have been impacted by her engaging and energetic messages.

What would it mean for readers of this blog if they could retire at age 30? Is that something you think is an unachievable dream or too challenging to execute?  Here we explore the story of someone who just did that. She decided when she  was 25, that she wanted to retire at 35. She made the required changes to her  lifestyle and achieved her dream half the time at 30. Here we explore the story of  "A Purple Life" who achieved this feat and will go through her story of how she  achieved it 
How do you figure out the math to retire at 30? 
So, the first question that needs to get answered is, how does the math work out  when someone decides to retire at a certain age? For "A Purple Life" when her  partner introduced her to the concept of FIRE (Financial Independence Retire Early) definition from Investopedia, she put it on the backburner for a couple of  years. When she reached 25, she finally decided to plunge into this and calculate  how she could retire early and live a fulfilling life. 

At the age of 25, "A Purple Life" was living in Manhattan, making about $65k a year  and spending $35k because, as everyone knows, rent in Manhattan is not cheap. Based on her retirement requirement, she calculated she needed to save about  25 times what she was spending at the time, which was approximately $35k. And  it was going to take ten years to accumulate that money. Hence, she originally  planned to retire at 35. But then she started optimizing her life, which led her  partner and her to move from New York City to Seattle. So, they got a better  experience and better quality of life for about half the cost. She increased the  salary by about $20k just for moving and cut her expenses in half ( as the rent was  cheaper in Seattle). After that, she had a couple more job changes, which  increased her salary by $20k each. So, the increase in income coming in and  keeping her expenses low at $18k helped her cut her time to retirement by five  years, and she could retire at 30. 

How do you prepare and analyze to achieve your goal? 
So when "A Purple Life" and her partner first realized that they wanted to follow the FIRE philosophy, they had to look at all their life choices objectively. They had first to figure out how to move out of the most expensive city in the world. So  they made a spreadsheet and listed every major city along with salary probability,  cost of living, rent, sound public transit system as they didn't own a car, and the  ability to get jobs if they lost a job. After a lot of analysis, they landed in Seattle,  where they could get comparable salaries, the cost of living was half, and jobs  were plentiful with good public transit. She also looked online at Numbeo  www.numbeo.com to see the available prices and the  price differences between New York City and Seattle before deciding. 

The other thing, "A Purple Life," had always done even before deciding to go  down this path was to keep a budget. So, once she moved to Seattle, she tracked  her budget closely and saw that she did even better than forecast. She only spent about $18K instead of the $35K she had planned. This change in expenditure was  one of the primary reasons she got into retirement at 30 rather than 35. 

"A Purple Life" used a tool called YouNeedABudget for budgeting. She has been using the  platform for almost six years now, and she relies on it and likes it a lot more than  Mint.com, which she was using earlier. Budgeting was critical because if she did not know what she was spending in New York, it would have been difficult to  calculate when she could retire. The other things are being consistent with  budgeting over multiple years. Knowing and tracking it allows you to see the  patterns and the exceptions and create a realistic retirement budget calculation. 

One of the reasons she likes YNAB is that it does not criticize you for not sticking  to a budget. It is not about like sticking to a number at all. It is about making  choices. For example, if she decides to splurge on a friend's birthday that she just  got invited, she should be able to do that. Even if she overshoots by 50 bucks her  eating out budget for the month, she can compensate for that by buying fewer  new clothes for that month. So budgeting is not about restrictions, but it is about  making choices. If you like budgeting using one and paper or an editable document you can find a couple versions here: budget sheets. 

How did she come up with half a million to retire number? 
Once "A Purple Life" was able to see that living in the middle of Seattle  downtown, she could spend $18K, living a wonderfully comfortable life. She  decided to calculate what would be her total expenditure in retirement. She  raised her yearly cost by like 11% based on what she read online and came to the figure of 20K on average, each year. So usual baseline to figure out how to retire  over 30 years is to 25 times your annual spending. So that is how "A Purple Life"  came up with a figure of half a million dollars needed for retirement. 

This number works for "A Purple Life" and her lifestyle, and it will be quite  different for someone else reading this blog. The only reason she is comfortable  retiring at 30 with half a million dollars is cos her lifestyle is entirely flexible. She  does have a partner, but they have separate finances. So, she is only responsible  only for herself. They do not have or want children, do not have a house, do not  have a car. So literally, she has no fixed expenses month to month. And that  allows her to be completely flexible. 

Pre COVID, she planned to use her flexibility and travel to Australia, New Zealand,  Argentina, and Thailand this fall. That has changed because of the pandemic, but  she hopes to use her flexibility and use geo arbitrage the same way she moved  from Manhattan to Seattle. If she keeps moving around to different places, she  can choose where she is going and can spend a lot less based on the cost of living,  say in a place like Thailand. 

Maintaining a Nomadic Lifestyle 
“A Purple Life” considers her to be a proponent of Nomad Life, which means not  having a place of their own and moving from place to place. She has a partner  who is not retired yet but has a remote work schedule, which means he can join  her on her travels and still work remotely. They have been doing remote jobs for  the past few years and are well versed in that lifestyle.  They have been living in monthly Airbnb’s for the past two months, but they are  still in Seattle. They are in different neighborhoods and are like slowly moving  farther and farther from the life and people they know. These moves are like  practice runs and getting used to living in an Airbnb in a city that you know and  speak the language fluently is much more comforting than just dropping into  Bangkok like right now. Next month they will be moving to Georgia and stay and  work in a nomadic fashion from there. So, they are only slowly getting farther and  farther away, and then post COVID can restart being nomads around the globe. 

What were the difficult parts of executing this plan?
Creating the financial model and putting in the numbers was the easy part. The  tricky part was taking action to make those numbers real. Once she figured out  how much she needed to save how long it would take her, she had a reliable  roadmap and added a countdown. 

The hardest was moving across the country away from family to a place where  her partner had never gone. She did not know how that would go, so it was a leap  of faith and challenging to execute. To find a job on the other coast where she  and her partner had never lived, where they did not have any connections, was  also really challenging. Continuing her daily work life in marketing because it is  very demanding and 70-hour weeks are not even blinked at really. So just keeping  that up to get the salary that she had projected for the plan to work.  
So yeah, it is simple to get the program together. But the steps she took were not  always easy to execute. 

​"A Purple Life" where does that come? 
"A Purple Life" is a blog that she started writing six years back and is found at A Purple Life. Purple is her favorite color, and it always has been, and  she has been a little obsessed with the color. Since she was about 16, she has  been dyeing her hair purple and used to have purple contacts. A lot of her  clothing is purple. 

She had been writing her blog in private for a year, and one fine day while talking  to another blogger, she decided to make her blog public. So, she went home to  find a domain name for a blog, and she was looking at herself with the purple hair  and decided to name the blog a purple life. But a Purple life to her means like a  slightly different life, not worrying about what other people will think basically  and just doing what you want to do.

I encourage you to take a listen to my discussion with A purple life, check it out here: Episode 64 or on any other platforms where you listen to audio podcasts. ​

Get your free budget bundle, which includes 2 budget sheets and a debt tracker. 

If you ask some people, they will tell you that the key to success is hard work. Other folks might say it is nothing but luck. Those who truly know will point to one thing and one thing alone. You have to have a firm understanding of money and how it works. 
In other words, you need to know how to make money to have a lot of it. Makes sense when you think about it, right? ​

​Unfortunately, many people know absolutely nothing about managing their personal finances let alone how to make even more money beyond just what a paycheck brings in periodically.  
​

In today's world, there are many ways you can give back
to your community or those in need. A small encouragement or support from your end may make a lasting impression on someone else's life.  Also, as the saying goes, if others' generosity has blessed you in your past, you are obliged to pay it forwardto keep the good karma going. There is nothing more fulfilling in life than helping someone else without expecting anything  in return. ​
I was recently a part of many of Experian’s #CreditChat panels and shared my views on paying it forward and giving back.

As a Personal Finance Expert, International Speaker, Host of the podcast The Money Exchange and an Award-Winning Author of the financial journal book series, It'$ My Money™.  I have been asked several times by Experian to share my views and this one is near and dear to my heart.

For me, the primary benefit of giving back and paying it forward is just the joy that comes with the act of helping someone else succeed. The fulfillment which comes with that act far exceeds any tangible benefits. The causes which I support are the ones that align closely with my own beliefs. Some include United Way, YWCA, and my church.

The act of giving back doesn't necessarily have to be monetary. Even some simple acts of kindness and thoughtful gestures can make a significant impact. The action can be as small as asking someone how they are doing at the start of the day. Sending a kind note to your colleagues, friends, or family and just inquiring about their well being or just reminding them that you are thinking of them. I find that I give back in time and labor  more important than anything monetary. Sometimes all that someone needs is for someone to listen to them and that's enough to brighten their day. 

You can give back directly for charitable causes without breaking the bank. If you would like to be generous, there are multiple ways you can do it, even if you are on a tight budget. You can create or build something which you can then give out to the needy. An example during the COVID-19 time would be creating masks and donating them to the organizations where you can make a maximum impact. Another way would be to feed the homeless in your neighborhood, which again provides a significant effect on a homeless person without having to spend a lot. These are charitable activities that can be done on a low budget and without a lot of pre-planning. 

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I have spent a significant portion of time raising awareness in shaping the spending and saving behaviors of my clients to guide them toward financial independence. I believe whatever the cause is, the best way to raise awareness is by using social media platforms, especially video-based platforms like YouTube. That is where the audience who will be supportive of your cause is hanging out, and you reach them where they spend most of their time.  COVID-19 has also put most of the conventional ways of supporting and helping your community on pause or moved to unconventional ways. This doesn’t mean it is not possible,  you just have to be safe and social distance and wear masks. 

Many people are out of jobs, and many small local business owners are trying to save their business. You can help them stay open by buying local and support the jobless in finding new jobs, hire them or contribute to train them. 

As with anything positive within human endeavors, we also have negative aspects like fraudulent charities and organizations that pop up. The best way to determine if a charity is legit, is to search their track record by researching on Google or the Better Business Bureau website to see their business rating. You can also check who the team members are running the charity and read their financial statements to understand what percentage of your charity goes to the cause and what percentage goes to administrative expenses. 

Sometimes acts of kindness are a complete surprise and come out of the blue without any warning. The most memorable act of kindness was when my husband and I went out for dinner for our anniversary. We had a beautiful evening and thoroughly enjoyed our delicious four- course meal. When we completed our dinner and asked the waiter for the bill, we were pleasantly surprised. The waiter told us the gentleman seated at the table next to u had paid the entire bill and taken care of the tip as well. It was such an unexpected but beautiful gesture, especially coming on the day of our anniversary. The gentleman that paid asked the waiter not to tell us and he was gone when we found out. 

One of the areas I focus on is finding ways in which to inspire kids to be generous. I spend a lot of time working with kids on educating them in developing better financial prudence for their future. On my website, there is a free It'$ My Money™ and Sammy Rabbit Coloring Book, which is perfect for kids to have fun while learning that saving is a great habit. In my experience working with kids, I believe that the best way to teach them about giving back is to show them acts of kindness instead of telling them to be kind. 

​The best way to give back and pay it forward is always to be kind, spread love and joy, tip the essential and demonstrate these actions in front of kids regularly.

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