Recent Posts

Friday, September 17, 2010

New Year's Resolution

The Title of this photo was " Financial Advice for 20- Somethings" (photo credit weheartit.com)
Do you remember your New Year's Resolutions? Do you even make resolutions? I always make New Years Resolutions, but this is the first year I have actually kept mine. At the turn of the new year, I vowed that this would be the year that I start becoming more financial responsible. Financial responsible meaning;  I wanted to start establishing credit, open a savings account and start investing in the stock market. Well as of this week, I have accomplished all three things. I opened a savings account this summer up in Boston and started putting away a bit of my paycheck. Last month I applied for a credit card, finally last week I received it in the mail. Then yesterday I took some of that money in my savings account, opened a sharebuilder account and bought my first stocks.

As a college student I can say it is so easy to get wrapped up in everything and not plan for the future.  Most of us don't think "I can go downtown with my friends and drop $30 on beer or I can save that $30 and invest it into the stock market." Not to mention you can't just go in and apply for any old credit card or just invest your money in any old stock you have to do your research and that takes time.  APR, Bonds, Dividend Yields, Return on Investment you have to take the time sit down, learn the language and develop a plan. It's hard to develop an investment plan when your hungover all day Sunday, or you have four exams in a week.
Probably not the best savings plan. (photo credit: weheartit.com)

1 comments:

Carly A. Heitlinger said...

Hi!!! You won something on my giveaway! Be sure to stop by my blog for details! xoxo

Post a Comment