the student guide to personal finance 💸 adulting 101

in today's video we shall discuss jobs for teens, budgeting, saving, and the basics of money management. let me know if you would like more videos on any of these topics!

→ TIMESTAMPS
0:00 intro
0:43 the bare bones basics
1:50 income + jobs
3:16 grammarly demo (ad)
4:26 income + jobs, continued
5:09 checking accounts + how to avoid losing money to them
7:58 budgeting + a simple template
9:15 must-have spending (student loans, bills, groceries, etc)
10:58 nice-to-have spending (going out + shopping)
12:34 credit cards + building your credit score
14:21 savings in high-yield accounts
16:23 investing in stocks + bonds
19:09 retirement + why to start saving ASAP
20:31 final recap

→ MORE VIDEOS

→ HELPFUL RESOURCES
⋅ the financial diet (youtube channel)
⋅ broke millenial by erin lowry (book + blog)
⋅ all your worth by amelia warren tyagi + elizabeth warren (book)

→ instagram - @studyquill

a guide to bullet journaling techniques optimized for students!

→ EQUIPMENT
adobe premiere pro

full transparency - any links to amazon are affiliate links, meaning i get a small commission if you buy anything through my link.

→ MUSIC

guys wtf how did i get sponsored by grammarly i'm fangirling hard rn #grammarly

[studyquill]

→ TIMESTAMP
S
0:00 intro
0:43 the bare bones basics
1:50 income + jobs
3:16 grammarly demo (ad)
4:26 income + jobs, continued
5:09 checking accounts + how to avoid losing money to them
7:58 budgeting + a simple template
9:15 must-have spending (student loans, bills, groceries, etc)
10:58 nice-to-have spending (going out + shopping)
12:34 credit cards + building your credit score
14:21 savings in high-yield accounts
16:23 investing in stocks + bonds
19:09 retirement + why to start saving ASAP
20:31 final recap

[jellyfish]

Why am I watching this? My only stream of income is getting red packets from family and friends during Chinese New Year

[octopiarejustwetspiders]

A couple things:
1. Jasmine, your makeup looks bomb!
2. Can you make "Adulting 101" a series? Like school doesn't teach us personal finance, taxes, how to apply for jobs, how to live on our own, etc. and those things are really important!

[kyraanderson]

Biggest tip to everyone - ALWAYS ask if there is a student discount. So many places have them and no one even knows. Even a lot of online websites have discounts. Local food shops, movie theaters, clothing stores, ect will have student discounts that they don’t necessarily promote.

[syzikiy]

everyone's favorite college role modelis teaching 12 yo me how money works. yay thanks

[kyrstiejoycesanjose]

The tip to reduce your telephone bill/Wi-Fi is really effective. I called the company months ago saying that I wont avail their service anymore and they reduced it 30% of the bill

[meadow]

Hey! Important advice for under age 18:
If you're parent/guardian has a credit card, they can add you as an authorized user. Then, when they pay the bill on time every month, by the time you turn 18, *boom* 800+ credit score.

Edit: read the replies

[cheezontoast]

Personal Finance in 9th grade taught me to follow the 50-20-30 rule 😅 50 percent of your income goes towards things you need (bills and things like that), 20 percent goes to your savings, and 30 percent is personal

[veramonique]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.

[slyboiimo]

I feel like the faster you accept responsibility is the faster you become an adult no matter what age you are. I swear I became the most happy when I became self sufficient. There’s nothing more fulfilling then listening to your self and supporting yourself. I recently just did a video on the same topic pretty sure y’all will like it. Much love ❤️

[candypak]

It is quite unbelievable for the fact that there are kids job you've mentioned which can really earn money.

In my home (HK), there is no such things, and we cannot work if we are under the age of 16. We will opt for part-time jobs such as working in the convenient stores, but usually most students will tend to earn money as tutors and teach primary students' homework, as academic results are emphasised by the society here.

[applecherry]

You teach me things. You are my internet big sister. I do earn money with my internships but it somehow disappeares .I am a junior and your advice is gold for me.

[nathanielyankey]

My school actually went through the trouble of teaching us most of this information, setting aside a week during the end of the semester to teach us. Thanks for the video. It’s really helpful.

[hniangt]

Why do I have such a hard time understanding anything money related?? 😭😭

[yuumedreams]

One thing I like doing for the "nice to have" section: as a collector, when I see something nice that's not necessarily in my wishlist atm (also thats not a limited edition cuz that's a whole other thing😂), I wait until the last minute before I decide on buying it. It helps me prevent impulse purchases! I have this mindset that if I do not remember the item after X time, then i really do not want it. I just wanted it in the moment thus more likely ending with an impulse purchase.

It really helps when there's like a deadline such as pre-order item. If not, can set a personal one like a week or until you get paid. In regards to limited edition items, usually they're announced or leaked in advance; can give you a lot of time to think about it or remember it by the launch date😂

[sweetdia_med]

I feel like managing finance will always be a lifelong challenge😭 “You’re worth it” - thank you Jasmine!

[elle-pfof]

I personally agree on one of the comments that says she need to do a adulting101 series! It is a good content because there are many teens that doesnt know what to because school isnt teaching us!

[sarah-mjtw]

Older person here: you explained retirement accounts perfectly-- tax advantage means you don't have to pay taxes when you take that money out and you don't have to pay taxes on it each year when you file your taxes (aka, income tax on however much that money has grown ). It's just money that builds over time and is yours when you're old. It's also the money that's going to support you after you retire, so every cent you put in now is directly correlated to the lifestyle you'll live when you're older--If you want to be financially comfortable post-retirement, save save save!

[jessielin]

wth since when did youtube section off their videos based on timestamps?? is this new or have i just not noticed this for a long time?

[nathanprice]

This video is so refreshing compared to all of those “rich people make smart decisions” “passive income” “risky investments” personal finance videos