Out of the several topics that are still considered taboo till this day, one is money. There’s this idea that everything related to a person’s money and finances should remain private and never openly discussed with other people. And if you ask someone about their finances it’s considered rude.
Well, The Broke Black Girl disagrees with this.
After overcoming financial struggles of her own, Dasha Kennedy, also known as The Broke Black Girl, decided it was time to share her story with women on the internet. It all started in November of 2017 when Kennedy launched her platform “The Broke Black Girl”. With this platform, Kennedy aims to provide a safe space for women of color like herself, where they can all learn and take charge of their finances.
It’s all about improving your relationship with money and here are just 7 tips from Kennedy herself to get you started.
Tip #1: Prepare for yearly expenses.
Planning is key! The more prepared you are, the less stressed you’ll be.
Tip #2: Review your expenses to see which category you spend the most money in.
Everyone has a weak spot when it comes to overspending and you might not even be aware of it until you take the time to break down your expenses.
Tip #3: Double check what subscriptions you have.
This one is huge! Sometimes you can go months without using a subscription and still be getting charged all that time.
Tip #4: Increase the amount of money applied to your debt.
It’s so true when people say “a little goes a long way”. Instead of overwhelming yourself by looking at the large amount you have yet to pay off, focus on the present and do your best to remain consistent.
Tip #5: Be specific with your savings goals.
It’s all about breaking it down. Like Kennedy emphasizes, set SMART goals. S= Specific, M= Measurable, A= Attainable, R= Relevant, and T= Time-based.
Tip #6: Try to have more than one stream of revenue.
This is such a great point. Don’t take your skills for granted and look into how those skills can get you more streams of revenue.
Last but not least…Tip #7: Always ask questions!
Yes! This is so important. Finances can get very confusing and intimidating, which is why it’s important to ask any and every question that comes to mind. Don’t let your fear or shyness stop you from getting all of the information you deserve to know. Protect your money!