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the student guide to personal finance 💸 adulting 101

  • 🎬 Video
  • ℹ️ Description

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

Download — the student guide to personal finance 💸 adulting 101

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💬 Comments on the video
Author

→ 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

Author — studyquill

Author

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!

Author — Marleigh Hudson

Author

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

Author — Jelly Fish

Author

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

Author — Monozhrome

Author

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

Author — Kyrstie San Jose

Author

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.

Author — Pak Candy

Author

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?

Author — Jessie Lin

Author

i'm 16 and one of the smartest choices i've made in terms of money is having a credit card under my parents' checking account. here's why it works so well for me:
1. it allows me to build a credit score because my dad pays off what little i charge on there every month
2. almost everything that i charge on there is a necessity item that my parents would have paid for anyway, and having it under their checking account makes us all more aware of how much i'm charging & conscious of the money i spend
3. all of the money that i make from my part-time retail job goes into my savings account, which has a higher interest rate. my parents can easily transfer money to and from that account and we all can see the activity, so i am very aware of exactly how much i have, i can pay them back easily and get cash when i need it.

Author — Gillian Diel

Author

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

Author — Hniang T

Author

I love the content of today's video bc is pretty usefull for us teenagers/young adults. Please keep doing content like this. Thank You.

Author — Leonardo Oliveira

Author

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.

Author — Meadow Conner

Author

I am 24 years old and these are really good tips! I feel like this is something that should be taught in schools because not everyone has responsible parents who can help them. Some of these tips I’ve had to learn on my own and others just were randomly told to me by my friends. My tip: don’t open an account with a bank. Try going to a credit union. They’re owned by its members and are not for profit. They’re to help people gain credit and manage their money and offer great free resources. I work for a credit union and they’re really 10x better thank banks.

Author — Victoria

Author

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.

Author — Apple Cherry

Author

Honestly, any videos on how to transisition from school to adult life without smacking head first into bankruptcy would be fantastic.

I plan to move out of my mother's house when I finish my education and want to have a rough idea of what to do before then :)

Author — Carolina Collins

Author

Does anybody have any books that they recommend for beginners who want to learn more about personal finance?

Author — Owen Dahlkamp

Author

I will emphasize, that many people don't know the importance of personal finance. Having someone such as Jasmine explain this topic to so many people will create understanding and beneficial habits down in the long run! So, thank you, Jasmine, for this well explained video. 👑

Author — Nadia Patel

Author

When you're not old enough to open a bank account but you still watch it bc its studyquill

Author — Grace Zhang

Author

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😂

Author — Yuumedreams

Author

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

Author — Dia_디아

Author

As someone who’s about to become a high school freshman this video definitely helped me out, and I would love to see one on making an income through the internet

Author — itsakshu