Now, because of the impacts of COVID-19, it’s more important than ever to get your personal finance in check. It’s a good time to start making money online, from freelancing to working with brands as a content creator. But it’s also important to save more money during this time. Whether it’s creating a new plan to repay any debt, or simply restructure your budget, it’s time to do a little check in with yourself.
And if you’re going to university, you’ll unlock a whole new world with financial independence and freedom, which can be a little daunting. Personal finance is something that many people struggle to create a good system with. But building wealth isn’t simply from a high salary: your every day money habits will dictate a huge part of your financial success.
Here are 4 personal finance tools that I found and really love. You should know about them too.
Pigly is the most comprehensive online calculator site I’ve come across. They have an ever-increasing library of calculators for all the possible personal finance areas there are! It’ll definitely save you a lot of time google searching the different formulas to calculate everything. Below is just a small snippet of the many calculators they offer.
Some other calculators they have:
- auto loans, payments, leases (and fuel economy)
- mortgage (literally about 40 calculators in this category)
Want to know when you’ll become a millionaire? Haha, yep, they’ve got a calculator for that too. All their calculators are super simple to use, you just input a couple things, hit the calculate button, and they’ll spit out the numbers for you.
Wall Street Journal’s 6 Week Money Challenge
You probably have heard of the Wall Street Journal (one of the top business news sources out there). They recently announced a 6 week money challenge that you can participate in to gain a solid foundation of personal finance concepts and budgeting.
You’ll get one email a week with a challenge aimed at improving your knowledge of your finances. There will be a warm up exercise to get you in the money mood, and a detailed step-by-step challenge.
This is your ultimate site to learn about personal finance, filled with tons of informative timely articles. My favourite thing about this website is that they have a super thorough set of FREE online courses that will teach you about all aspects of money. They also have free coaching calls.
Needless to say, this is a great place to go to learn more about finance if you’d like to learn more about it all.
Here’s a preview of the course topics they offer:
- Building good credit
- Master your student loans
- How investing works
- How to find a higher paying job
While Skillshare has a variety of classes and isn’t solely focused on personal finance, you’ll be amazed at how many classes there on on this platform, specifically related to money. There are classes that will appeal to a wide range of skills, meaning no matter if you’re a beginner or have some knowledge already, you’ll find a class that works for you.
One of my favourite classes I took on Skillshare is one called Recession Basics and How to Prepare for 2020 – Investing, Economics, Money and Finance. I genuinely learned so much through it, and it was really useful for our current situation in the world.
So there you have it, 4 tools that you need to know about to get your finances in order. Were you familiar with any of these tools already? Any tools that you plan on checking out?
Now that you have these resources in your toolbox, it’s time to dig in and start working towards financial success!