Saturday, October 1, 2016

31 Days to Financial Savvy: The Stuff You Didn’t Learn in Money Class

I’m going to admit something a little bit embarrassing – I don’t really understand money. Sure, I know you‘ve got to make it, you’re going to spend it and you need to save it; but, I don’t really understand it.

Who actually is the FDIC? (It’s the Federal Deposit Insurance Corporation, by the way.) What’s the difference between mutual funds and a money market account? What does low yield versus high yield mean? I have a rudimentary understanding of what these things mean but that’s about it. And, I want to know more. I should know more.

I want to be able to open the envelope from my bank or financial institution and be able to decipher more than: did the numbers go up or down. Yes, there are financial planners that specialize in knowing what my statement means, but I want to know at least some of it, too.

Because let’s face it – money, not love – is what makes the world go round. And while, like the next guy, I would like a few more dollars in the bank, this isn’t about amassing money, it’s about finance and economics. It’s about learning the principles of surplus and scarcity and about how they affect our everyday lives, our nation, our world. Money is how you feed your family, turn on the lights, and have clean water. People go to war over money; people die from a lack of money for medical treatment.  Simply put: Money matters.

Right about now, you’ve either tuned me out like you did your economics professor or you’re sitting up a little straighter in your chair thinking: Me too! If you’re like me and are scratching your head saying, I have a mortgage and a retirement account, but I don’t actually know what all these things involve, then I think you’re really benefit from these next 30 days. Because we’re going to be doing a little Money 101.

So now let’s talk about what the next month isn’t. It isn’t about getting out of debt - although debt will be a topic discussed. This isn’t get rich advice or a recommendation of which stocks you should buy (or sell). It’s not even advice, really. I’m just a girl with questions and I’m hoping you’ll come along with me as we find the answers.  (And ask some of your own questions too please, so that we can learn together!)

While you shouldn’t expect to get a money makeover from the next 30 days, you should expect to become more financially savvy and consequently to be in a better financial situation because knowledge is power – when you act on it.

If you want more than the basic “You should have a budget” or “Pay cash; stay out of debt,” then this is the place for you. This is the stuff you didn’t learn in money class. Oh wait! There wasn’t a money class? Well, we’ll be discussing that too because isn’t money the real home economics?

I hope you’ll join me. See you tomorrow! 

P.S. - For this series, I'm joining up with other writers who are all writing for 31 days. You can see the other series here. Last year, I wrote about 31 Days of Living Loud. 


  1. Hi Jessica! I found you on the write 31 days challenge and am excited to read and learn along this subject with you this's definitely pertinent to every day life and I am always looking the learn more about how to manage my personal finances, too. Happy writing! - Heidi

    1. Hi Heidi. So glad you're along for the ride!