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6 Ways to Get Financially Lit

Getting lit doesn’t just apply to wild nights—at least where financial literacy is concerned. It’s never too early to take on some money knowledge, and RMCU has your back there. Here are six easy ways to start your journey to financial literacy.

Mother and daughter with a piggy bank.

Become a Money Mastermind 

RMCU’s Money Mastermind program sets you up for financial success. Learn the finer points of everything from budgeting to financing your education and buying your first car, all in easy, bite-sized lessons. Get a leg up on planning your future with worksheets and prompts to get you started. It’s free and easy to sign up online from your phone. 

 

Start to build your credit 

Sometimes, you can learn best by doing. Building your credit through a secured credit card, auto loan, or joint card with a parent or guardian is some of the best education. Get in the habit of making on-time payments, tracking your credit score, and making responsible spending choices. These first experiences will set you on the path to a healthy relationship with money. And those lessons will carry you into a bright financial future. 

 

Man wearing headphones working on finances.

 

Add financial education to your routine 

Money experts on YouTube, financial gurus on TikTok, and RMCU’s blog make access to educational opportunities easy. Just be sure to vet your sources, and stick to the ones that know what they’re talking about. You don’t want to lose your hard-earned cash just because some Bitcoin bro handed out free bad advice. But when you find your financial people, make learning a part of your day. 

One of the easiest ways to learn more about money is to find a podcast on finance you enjoy. Pop in some headphones while you’re doing the dishes, mowing the lawn, or going for a walk, and you can learn while just going about your day. Find a podcast to bring finance to your ears, and you’re on the easy road to financial literacy. 

 

Take time to observe your own finances 

Now is the time to start saving, bit by bit. The earlier you open a savings account and stash away a bit of each birthday check, babysitting money, and paycheck, the faster you can watch your money grow. And as you have money flowing in and out, you can take a close look at what you need to spend, how much you can save, and how fast those savings grow. Then when you hit that point when you’re ready for the next step, you can start to build a budget into your routine, increasing your savings to meet your goals. 

 

Woman working on her finances.

 

Give your financial institution a call 

When you are a member of a credit union like RMCU, you have the benefit of having a real person to talk to when you have questions. Give your local branch a call when you need to know more about your membership, and they can help you navigate payments, open new accounts, and connect with other offers that might be the right fit for you. 

 

When you’re ready to open your first member savings account or sign up to become a Money Mastermind, it’s time to get in touch. Reach out to RMCU to get started.