Monday Money Monologue: Choosing Your Financial Literacy

Culley Avenue Choosing Your Financial Literacy

It’s time for another Monday Money Monologue! Can you feel the excitement?

When it comes to me & money, I’ve always been a spender. I have always lived with the mentality that money comes and money goes and you can’t take it to your grave. This way of thinking always leads to fun & adventures… but eventually your bank account starts to push back.

Over the past 16 years, since I started my first job, I have ridden the financial roller coaster. One day I think I’m on track to millionaire status, the next I’m certain I have one foot in the poor house.

I had the upbringing where nobody talked about money. But if someone did say something about money, it was that we didn’t have any!

Now I talk about money all of the time because I never want anybody to think that they’re alone in any sort of money problem. You are not the first person to not be able to pay rent or not know what to do when an unexpected bill arises. By talking about money we are learning things that we never knew, or teaching others what they never knew.

I have run the gamut where finances are concerned. I’ve made a lot of mistakes. A LOT! I’ve done a few things right too. Here are the things that I have done & continue to do to correct my financial literacy.

Don’t get emotional about money.

This is the most important piece of advice that I can give to you. When times get tough, do not get emotional. Take a deep breath and start thinking. In this day of technology, Uber, fast food restaurants, free-lancing, etc. there is no reason that you can’t make more money. We all have the same 24 hours in a day. Remember that when you are wishing that you had as much money as somebody else.

Every few weeks I sit down and write out my monthly expenses and my monthly income to see if I am on track to my own financial independence. This helps to get a visual on where your money is going and how you are bringing it in. During these times I also brainstorm more jobs that I can do to earn more.

Don’t forget that you can always ask for help too!

Your net worth doesn’t determine the kind of person you are.

You are not better than anybody in this world. There is nobody in this world that is better than you. We are all equal. Money doesn’t make you better than somebody, nor does not having money make you less. Know your worth, especially when it has nothing to do with money. Also, you should know your net worth.

Learn money management.

I’ll admit that this is the hardest aspect of money for me. I find budgeting boring. But it is something that I do every month. The real trick is to stick to a budget.

Create a monthly, quarterly, yearly budget and stick to them. Make it something that you obsess over so that you are never wasting any of your hard-earned cash. Think of your life as a business. Every successful business has a budget.

Having a budget is also a good way to know where your money is going and where you can cut costs if necessary. Budgeting is a bit of work to get off the ground, but once you start you’ll never go back. Put in the work.

Do more than just enough until you don’t have to anymore.

Choosing to become financially literate means more than making your monthly payments every month. Pay extra on your debt, learn how to invest, SAVE. Start making your money work for you.

Start setting goals. I set a goal for myself at the beginning of 2017 to pay off all of my business debt ASAP. It has been a long, tedious process but I am chipping away one dollar at a time. My ultimate goal is to be completely debt free and to start saving for my future and retirement. It’s never too late to start.

Stay educated.

I love to read financial books and listen to financial podcasts. There is always something to learn! Below are some of my favorites, what are yours? I am always looking for a recommendation!



Life is all about choices, choose to learn to do better at your finances. This will be the single greatest gift to yourself. As well as a gift you can pass along to those that you know. Don’t be afraid to talk about money, and most of all, don’t be afraid to teach your children good money habits from day one.

What are your financial goals? What is some advice that you have put into practice when it comes to your finances?

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