I am a strong believer of the saying, “Shopping is the best form of therapy.”
Getting paid on a Friday and going out to blow off my check on that same weekend became an
extremely bad habit of mine. If I had the money visible to me, I knew it was mine. I earned it; I
have the right to spend it. This mentality haunted me throughout my teen years until I learned to
realize what money is actually worth and how I could use the money I had and turn it into more.
The things you are not taught in a traditional educational curriculum are investing, creating
retirement accounts, learning what passive income is and how to start. These are all major
components of a successful life; especially as young female entrepreneur like me. As someone
who managed to always equally balance working, going to college, and having a social life,
learning how to do these things wasn’t something I had access to.
I opened up my first 401k account in 2019 when I started a new job, which would automatically
take a percentage out of my check and put it into that account. Of course, at the time it upset me
that I wasn’t getting the entirety of my check however, knowing it was going to benefit me in the
future and seeing how much I accumulated over time made it worth it. I feel like my money was
finally going to some good use. Once I noticed how easy it was to let a few dollars a check go
every week, I figured saving a few more dollars of my check couldn’t be too hard.
In college I began a small side hustle. With the money I had saved up I took a nail course, bought
all my supplies, and would post my work and progress on social media. Once I began making
money from doing nails, I easily made up for all I spent in supplies and courses and began
making profit. I did all this while still working a traditional hourly pay job. A few other side
hustles I did during this time were babysitting, dog sitting, and selling my used clothes on Depop
Once I was making a comfortable amount of money, I began reading books on budgeting,
saving, and financial advice. I was able to get off to a good start in saving money instead of
unnecessary shopping. The best way to get into this mindset is to think about it like this, “If these
shoes I want are $200.00 and I get paid $20.00/hour, I am spending 10 hours of my own labor of
Putting things in the perspective of hours of your time instead of just money, will limit your
unnecessary spending habits. Once I began doing this consistently, I watched my savings
accounts grow immensely overtime.