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4 Quick Wins for the Budget Conscious Young Adult

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Discover four simple ways young adults can maximize their money. From what to avoid to how to shop, these insights will help any person gain control of their finances and spending quickly.

 You’re a young adult. You’re in college, you just moved out on your own, maybe you just got your first real adult job and you’ve hit the age that all financial responsibilities fall on you now. 

It’s freedom but it’s also much more responsibility and budgeting. As a young adult myself and in this current season of life, I have 4 tips that I need to remind myself of daily to help me budget, maximize my savings, and minimize my spending. 

1. Be careful with that shiny credit card 

Building credit is HUGE. It is very important for financing options and large investments but very tempting to spend on unnecessary things. I have made it a habit to limit myself to one small reoccurring payment I put on my credit card and pay it off right away each month. This could be gas, groceries, a monthly utility payment, something that you can easily budget but isn’t too costly. This way I am building credit but also paying off my debt quickly and not letting it build up. 

2. Cancel subscriptions 

Whether big or small, subscriptions are the number one thing I try and cut back on because it’s hard to make room for them in my budget. Now a days, it is so easy to purchase subscriptions in an app you may have on your phone that you don’t even remember paying that extra $3 a month for, but it’s still coming out of your account. I try to ask myself, “Do I really need Hulu, Netflix, Apple music? Or are there other ways to enjoy the things I love without committing to that monthly payment?” It may seem like a little payment in the moment, but saving that extra $50 dollars a month could be so beneficial. 

3. Stop spending money out on food and coffee 

This is probably my biggest weakness and the easiest way to blow money. Meeting up with a friend? Meet for food. Ran out of coffee? Go to Starbucks. Birthdays, study sessions, casual hangouts, food, food, coffee, coffee…it’s a vicious cycle. It all comes down to an “urge” for the most part. Sure, there are times when you’re really in a crunch and that afternoon run to Starbucks will change your whole world, but most of the time it’s just a coffee. Find out how to re-create your favorite coffee at home and meet with a friend at the beach, park, or another place as a non-spending option. 

4. Plan grocery shopping 

When I first moved out on my own, this is one area I overlooked as being pretty mindless and easy to budget. Boy was I wrong! I would buy things I normally loved to eat but then realized I couldn’t eat that much on my own and half the things in my fridge went bad. I didn’t realize the importance of meal prepping so I could have something on hand to eat every day. Once I took these things into account I started planning where to shop to cut expenses in half. How to buy things that are healthy and good but have a long shelf life and can be frozen. Also, not swaying on those “afternoon cravings” when you haven’t eaten yet and you’ve decided to shop for food. 

Conclusion 

Overall, these may seem simple but it’s a daily reminder to think about the things I really need and that I can get the most use out of. It’s the battle of, “Do I want that in this moment because I just want it or is that something that I can’t live without?” I struggle with those impulse buys every day that present themselves in a variety of ways. 

These “quick wins” open the door to looking at other expenses which can have a big impact on your regular monthly expenses. For instance, by belonging to Medi-Share, a health care sharing ministry, I am able to save hundreds of dollars a month on medical expenses. The same is true of reviewing my car insurance and renter’s insurance. Shopping around and finding alternatives that still meet your needs can put your budget on the fast track to meaningful savings. 

Imagine, though, if you were to take that $5 to $50 you accidentally almost spent on that “not so important thing” and set it aside in savings, how much that would change your perspective and create healthy spending habits. I’m not saying don’t ever have those “treat yourself” moments, but now I purposefully set aside a limit as to what that looks like weekly and monthly. We could all benefit from a little extra funds here and there! 

Chloe Viesins is a PR Coordinator at Christian Care Ministry. She’s a graduate of the University of Central Florida in Advertising and Public Relations. Chloe has a passion for music, plays the piano and sings, and is grateful she has the opportunity to incorporate her passions into her work and everyday life. 

Media Contact

Company Name: Christian Care Ministry / Medi-Share
Contact Person: Deborah Ryan
Email: [email protected]
Phone: 407-361-3002
Country: United States
Website: https://www.medishare.com/

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Jeremy Keil – CFP®, CFA Retirement-Focused Financial Planner with Keil Financial Partners, Interviewed on Influential Entrepreneurs Podcast.

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Jeremy Keil discusses his approach to helping his clients create a consistent retirement income with the Keil Financial Partners’ 5-step retirement income process.

Listen to the interview on the Business Innovators Radio Network   

Jeremy explained that “Retirement can be both the most exciting and scariest time of your life. You’ve spent 35+ years working hard, saving every dollar you could while still providing for your family, and now you’ve arrived at your destination: retirement! But how do you turn 35 years of savings into an income that will last the rest of your life? If you are looking to make your retirement process simple? Searching for answers on when to retire and how much you can live on? We put your retirement picture together in 5 easy steps. If you want to work with a financial advisor who is clear with you about how much you are paying; if you want to work with an advisor who can answer all your questions about retirement planning, social security, Medicare; and if you’d like a transparent discussion about your needs and how much you will pay for sage advice…we can help!”

 

About  Jeremy Keil

Jeremy loves helping people learn more about themselves and feel more confident about their money.

After graduating from college, Jeremy started selling suits at Jos A. Bank and working on different political campaigns — which probably explains his love for wearing a tie and the joy he gets when saving money for clients through a tax strategy.

One could probably guess this by the number of letters after his name. Still, since he started 17 years ago, Jeremy reads as many books on financial, retirement, and tax planning as he can and loves to apply that knowledge towards helping his clients.

In fact, out of over 10,000 financial advisors in Wisconsin, only six have the unique combination of being a CERTIFIED FINANCIAL PLANNER™ professional AND a Chartered Financial Analyst® charterholder.

While serving as an adjunct professor at Concordia University Wisconsin (Cedarburg), and Wisconsin Lutheran College (Milwaukee), Jeremy learned how to take complex financial topics and explain them in a way that even a caveman ( college student) could understand.

If he could keep college seniors awake during 8 a.m. Friday classes about corporate finance, you can be sure that while working with Jeremy, you’ll know more about, feel better about, and make better decisions about your money.

When not working on his goal to help people discover their ideal retirement strategy, one can find Jeremy hanging out with his wife, Robyn, and two daughters, Emery and Harper at swim, dance, gymnastics, or their church, Lakepoint, in Muskego, Wisconsin.

Learn More-https://keilfp.com/

Keil Financial Partners is a part of Thrivent Advisor Network, LLC (“Thrivent”), a Registered Investment Adviser (“RIA”), located in the State of Minnesota. Thrivent provides investment advisory and related services for clients nationally. Thrivent will maintain all applicable registration and licenses as required by the various states in which Thrivent conducts business, as applicable. Thrivent renders individualized responses to persons in a particular state only after complying with all regulatory requirements, or pursuant to an applicable state exemption or exclusion. Advisory Persons of Thrivent provide advisory services under a practice name or “doing business as” name or may have their own legal business entities. However, advisory services are engaged exclusively through Thrivent Advisor Network, LLC, a registered investment adviser. Keil Financial Partners and Thrivent Advisor Network, LLC are not affiliated companies.

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Landed for Success Inc.- A Global Business Networking Group That Is The “Next Level” Way Of Marketing A Business

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Landed for Success Inc. (LFS) is a GLOBAL Elite Business & Branding Networking Group comprised of business professionals who collectively possess a wealth of knowledge and experience within various business sectors. Their unique business model is a next-level way of marketing your business and an environment for aspiring and established entrepreneurs and business owners alike to promote their business and network. LFS is a community that values creating opportunities for personal and professional growth. They encourage their members to promote their business and who they are.

LFS was the brainchild of co-founders Jey Jeyakanthan and Gordon So, both highly experienced entrepreneurs who understand the challenges and work ethic required to run a successful business. Their vision is to build a global platform that will allow business owners, entrepreneurs, authors, coaches, and speakers to not only be able to network and share their business profiles but also their business stories on how they have “Landed for Success.” These stories have the potential to impact millions of people all around the world.

LFS provides a free membership through a Facebook group that has 19.4 thousand members and growing. Additionally, members can subscribe to a private group with exclusive membership benefits. Membership is reviewed and approved to ensure business leaders around the world can optimize professional networking opportunities. This interactive platform is a safe environment to network, build relationships, and collaborate. Integrity matters here!

To learn more about how to become an LFS Lifetime Member and enjoy exclusive networking and learning opportunities inside our private membership area.
https://www.lfs.landedforsuccess.com/becomeamember

LFS has grown an incredible community by having fun navigating within the group of business professionals and growing each and everyone’s network and net wealth through collaboration and connectivity. LFS provides virtual speed networking and training opportunities to aid in personal and business development. Networking events last Thursday of every month from 7:00 PM to 9:00 PM EST (Via zoom) where individuals can meet and network with pros and entrepreneurs in local and national markets. The event’s format involves individuals making a 30-second elevator pitch about their business and asking others to think of ways they could work together. These pitches help individuals meet new people, find mentors, and refine their pathway to success. It also provides an opportunity to keep up with the times, as experts pinpoint the latest trends and tools that actually deserve your attention.

LFS also provides a successful authorship program. They believe everyone has a unique story, one which has the ability to uplift and inspire others to succeed. Eighteen co-authors collaborated in volume one of the inaugural book series, “Landed for Success, Untold Stories,” successfully launching in the spring of 2021 as an international bestseller on Amazon.

The LFS book series encourages authorship, as individuals authentically share their stories of struggles, obstacles, and how they have overcome these challenges and have landed for success. In addition, becoming a published author can help to grow and promote more business. It provides an opportunity to gain more credibility, influence, celebrity status and may even attract media attention. Some of the co-authors from volume one were featured in print and television media outlets, podcast interviews, and invited to participate in international business forums.

LFS will be launching volume two, “Landed for Success, Untold Stories- From Burnout to Victory,” in December 2021. It is an honor to have Sir John Shin, the executive producer of the movie “Think and Grow Rich Legacy,” write the foreword in both volumes.

Gordon and  Jey extend this invitation, “If you are interested in becoming a published author and would like to align yourself with successful entrepreneurs such as Sir John Shin and over 20 other successful business owners and entrepreneurs from all around the world, you can set up a 15-minute discovery call with one of our team members by sending an email to [email protected]

CO-FOUNDERS:

GORDON SO is the CEO & Founder of Social Media Currency. Gordon has a strong background in the real estate mortgage industry. As a retired professional network marketer, he has helped many companies successfully launch into Canada, UK, Europe, Asia Pacific, and Mexico. Over the past 10 years, he has worked with authors, speakers, coaches, small business owners, helping them successfully launch new brands and market their products and services. Gordon is a successful business coach and has helped over 200+ individuals become #1 International Best-Selling Authors, Podcasters and Speakers. In addition, he is a sought-after Transformational and Motivational Speaker.

JEY JEYAKANTHAN is a highly successful entrepreneur and IT professional with over 22 years in Business Development, Project Management & Business Transformation for Fortune-200 companies. Jey is a Director of Sophia Hilton Foundation of Canada, Executive Director of Never give up the foundation, Peace, and past Director of Canadian Tamils’ Chamber of Commerce & Member of Markham Board of Trade. Jey founded AVAJ Future Solutions. AVAJ is an Information Technology and Services Company that’s an Innovative, Reliable Partner Global offerings of Software, Mobile App Development, Mobile Responsive Websites, Digital Marketing, Social Media Management, and SEO. Jey is also an international bestselling author, social media influencer and actively involved with Canada’s many volunteer and advocacy organizations.

TESTIMONIALS:

“Being a part of the Landed For Success (LFS) community has provided me with an excellent opportunity not just to grow my contact base but build meaningful relationships with like-minded entrepreneurs. I have already received an abundance of leads and clients from within the community and am excited to grow as the community continues to grow. I’m excited to be partnering with LFS in the launch of the upcoming book, and the process of working with Gordon and Jey has been a wonderful experience. Gordon and Jey share a deep-rooted passion for growing the LFS community, and their desire to grow LFS is contagious, and I’m excited to be a part of the journey.”
– Jason Hunt, Co-founder, Merged Media

“Landed for Success (LFS) gave me an excellent opportunity to connect with like-minded people and very established business owners. These networking opportunities help our BlueMind and LifePlan Investments grow, develop new ventures, and explore new territories. Compared to many other regular networking clubs, LFS is not expensive, has good value for your money, and provides many opportunities to build your business or professional career. Jey, Gordon, and their team are incredible; they take every step to help you succeed in your journey. I would highly recommend LFS for anyone to grow their professional network.”
-Akil Balachandran, Founder and CEO LifePlan Investments, and BlueMind

“It has been an absolute pleasure knowing and working with Gordon So and Jeyakanthan. They are amazing at building connections and have a contagious positive mindset. They have a lot of experience and are always open to helping anyone and everyone. I would highly recommend them to anyone who is looking to grow on a professional level.”
-Ayesha SardarCEO, Global South Asian Women (GSAW)

To Attend a Free Landed For Success Speed Networking Event, go to https://www.landedforsuccess.com/event.

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Christian Care Ministry/Medi-Share Launches Project K.E.E.P. Keeping Elected Officials Encouraged Through Prayer

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Christian Care Ministry/ Medi-Share, the nation’s most trusted name in health care sharing, launched a new prayer initiative for elected officials and their legislative staff. Christian Care Ministry is following its Biblical call to pray and encouraging members to join Project K.E.E.P. It is our privilege to pray for and encourage those who have chosen to serve at the various levels of government. Each day our Medi-Share members and employees are praying for specific elected officials by name.  

This effort was launched in conjunction with our remembrance of the 20th Anniversary of 9/11. This month’s highlighted elected officials are all active or former members of the military serving at the federal level.  

“We are excited to reach out personally to the elected officials and let them know that our members across the country are praying for them and their staff,” said Evelio Silvera, VP of Communications & Government. “It is our heart that they will be encouraged and will know we are thankful for their willingness to serve and will be guided by the very Word and heart of God.” 

National and local decision-makers have a tough job of fighting for the rights of others each day. Christian Care Ministry’s vision is focused on “Transforming society through the Biblical model of sharing.” Praying for those in office is just one way that we can continue to share words of encouragement that will lead to a positive impact in our communities and lighten the burden of our leaders.  

Project K.E.E.P Registration

About Christian Care Ministry/ Medi-Share: Christian Care Ministry (CCM), a not-for-profit 501(c)(3) corporation, based in Melbourne, FL, operates the Medi-Share program,  a Christian health care sharing program that provides an affordable alternative to health insurance for faith-based consumers. Founded in 1993, Medi-Share currently serves more than 380,000 members across America.

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