7 Things Your Parents Didn’t Tell You About Money



Money management is a skill that can greatly impact your life, and it’s surprising how little we are taught about it. As college students, you’re likely facing financial independence for the first time, and understanding how to make your money work for you is crucial. In this article, we’ll explore seven things your parents probably didn’t tell you about money, and we’ll do it in a way that’s both fun and professional. So, let’s dive into the world of financial wisdom that can set you up for success.

1. The Power of Budgeting

Creating Your Financial Roadmap

Budgeting might sound dull, but it’s the foundation of good money management. Think of it as your financial roadmap. Create a monthly budget that outlines your income, expenses, and savings goals. With this tool, you’ll gain control over your finances and avoid the common pitfalls of overspending.

2. Emergency Funds Are Lifesavers

Financial Safety Net

Unexpected expenses can throw your finances into chaos. Your parents might not have emphasized this, but having an emergency fund is essential. Set aside a portion of your income for emergencies, and you’ll have peace of mind knowing you can handle unexpected car repairs or medical bills.

3. The Magic of Compounding Interest

Growing Your Wealth

Saving money is good, but investing it can make your wealth grow exponentially. Learn about compounding interest – the money you earn on your investments earning even more money. Starting early can make a huge difference in your financial future.

4. Credit Cards Aren’t Free Money

The Credit Card Trap

Credit cards can be convenient, but they can also lead to debt if misused. Understand that using a credit card means borrowing money that you’ll have to repay with interest. Always pay your balance in full each month to avoid falling into the credit card trap.

5. Building Credit Matters

Your Financial Reputation

Your credit score can impact your ability to get loans, rent an apartment, or even land a job. Building good credit involves using credit responsibly, paying bills on time, and keeping credit card balances low. It’s a crucial aspect of your financial future.

6. Saving for Retirement Now

Securing Your Future

Retirement might seem distant, but the earlier you start saving, the more comfortable your retirement will be. Take advantage of retirement accounts like 401(k)s and IRAs, and consider employer contributions – they’re essentially free money for your future.

7. The Importance of Financial Goals

Dream, Plan, Achieve

Setting financial goals gives your money purpose. Whether it’s buying a home, traveling the world, or starting a business, having clear goals helps you stay motivated and on track. Create a plan to achieve these goals, and you’ll be amazed at what you can accomplish.

Meet Finnt: Your Ultimate Money Buddy

Now that you’re on your journey to financial savvy, let’s talk about a game-changer for college students like you – Finnt, the banking app designed specifically with students in mind.

Finnt is not your ordinary banking app. It’s a financial companion that offers a host of benefits tailor-made for college students:

5% APY on all deposits

While traditional banks offer minimal interest rates, Finnt gives you the opportunity to grow your savings faster.

Smart expense tracker with friends and family

Finnt helps you keep track of your expenses and even allows you to split bills seamlessly with friends and family.

Free money transfers and debit card

Say goodbye to hidden fees. Finnt offers free money transfers and provides you with a convenient debit card for your everyday spending.

3% cash back on nation-wide brands

Love Chipotle, Uber, or Starbucks? Finnt rewards you with 3% cash back on your favorite brands, putting more money back in your pocket.

An AI banker that rewards you for good saving habits

Finnt’s AI banker not only offers financial advice but also rewards you for your responsible saving habits. It’s like having a financial coach in your pocket.

Incorporating Finnt into your financial toolkit can make managing your money fun, convenient, and rewarding. It’s a powerful ally in your quest for financial success as a college student. Download Finnt today on the App Store.


Navigating the world of finances can be overwhelming, but armed with these seven insights and the assistance of Finnt, you’re better prepared to make smart financial decisions. Remember to budget, build an emergency fund, invest wisely, use credit cards responsibly, build good credit, save for retirement, set clear financial goals, and utilize the benefits of Finnt. Your financial future is in your hands, and the sooner you start managing your money wisely, the brighter that future will be.

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