Join our #CreditChat every Wednesday at 3 p.m. ET on Twitter and YouTube. This week, the community shared top personal finance tips they wish they could share with their younger selves. We were also joined by several influencers in the personal finance community on Twitter. Our panel included: Brad Sherman- Investment Advisory Rep, Wealth Manager – LFS Corp and President of Sherman Wealth Management, Lauren Young- Money editor at Reuters and host of Money Clip, and Debbi King- Owner of the ABC’s of Personal Finance. This deck features tips from: @LaurenYoung, @shermanwealth, @mymoneycoach_ca, @SuperMoney, @SFCUNews, @dougboneparth, @Rod_Griffin, @LeslieHTayneEsq, @Kasasa, @MiriamSCross, @emergebenefit, @MzShirleyD, @ttaylor2u2, @CinchFinancial and @Kiplinger

1. #CreditChat
Wednesdays | 3 p.m. ET
Financial Tips You Would Give Your Younger Self

2. Join our #CreditChat every Wednesday at 3 p.m. ET.
This week, the community shared some personal finance tips
they wish they could go back and give their younger selves.
ex.pn/hindsight

3. #CreditChat
Wednesdays | 3 p.m. ET
What financial tips would you give your younger self
about saving money?

4. Save early and often! You won’t
notice if you automatically have
money sucked out of your accounts.
Wednesdays | 3 p.m. ET
#CreditChat
”
Lauren Young
@LaurenYoung
“

5. Live below your means- just because
you can afford it doesn’t mean you
should buy it.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Brad Sherman
@shermanwealth

6. Start automating your paychecks so a
portion goes to a savings account. If you
can’t see the money, you can’t spend it.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
MyMoneyCoach.ca
@mymoneycoach_ca

7. Save 10% of each paycheck. The
sooner you start getting into a
routine with saving, the better!
“
Wednesdays | 3 p.m. ET
#CreditChat
”
SuperMoney
@supermoney

8. #CreditChat
Wednesdays | 3 p.m. ET
What financial tips would you give your younger self
about debt?

9. Debt can help you do some good
things like go to school or buy a car,
but don’t bite off more than you can
chew.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Southeast Financial
@SFCUNews

10. I would make sure my younger self
knew how debt works and tie that in
with lessons in cash flow. Know what
you owe and when.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Douglas A. Boneparth
@dougboneparth

11. Know the difference between credit
and debt. Learn to use credit as a
financial tool.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Rod Griffin
@Rod_Griffin

12. #CreditChat
Wednesdays | 3 p.m. ET
What financial tips would you give your younger self
about budgeting?

13. Budgeting isn’t meant to be restraining.
It’s meant to keep you free; it’ll keep
you from falling into debt.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Leslie H. Tayne, Esq
@LeslieHTayneEsq

14. Learning to budget is the backbone to
your financial success. Spend the time
to get organized.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Kasasa
@Kasasa

15. Make a list of what you want to spend
for a year, but put it in two columns:
Wants and Needs. They’re different.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Brad Sherman
@Shermanwealth

16. Every good budget starts with tracking
your spending so you budget your
expenses more accurately.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
MyMoneyCoach.ca
@mymoneycoach_ca

17. #CreditChat
Wednesdays | 3 p.m. ET
What financial tips would you give your younger self
about credit and credit scores?

18. Make sure you’re keeping track of
what is being reported on you. Check
your scores at least 1/yr.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Kasasa
@Kasasa

19. If you can’t afford to pay the whole
credit card bill, pay the minimum, then
adjust your next month’s budget to
catch up.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Brad Sherman
@Shermanwealth

20. Get a credit card early! Make small
purchases and pay off promptly = strong
credit history later on.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Miriam Cross
@MiriamSCross

21. Start establishing credit history as
soon as you can. Pay off your debts in
a timely manner!
“
Wednesdays | 3 p.m. ET
Emerge
@emergebenefit
#CreditChat
”

22. #CreditChat
Wednesdays | 3 p.m. ET
What financial tips would you give your younger self
about student loans?

23. Aim for a college that makes the
most sense for your career path,
NOT for the name-brand
recognition.
Wednesdays | 3 p.m. ET
#CreditChat
”
Lauren Young
@LaurenYoung
“

24. Unless you have to, don’t pay for
more than tuition/books with
student loans. Get a job to pay for
living expenses.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Southeast Financial
@SFCUNews

25. Only get what you need and pay
interest when you can. (Even if it’s not
technically due yet.)
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Shirley DuBose
@MzShirleyD

26. Know your student loan rate, terms
and deferment options. Make sure you
understand them before you take the
loan.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Brad Sherman
@Shermanwealth

27. If you’re thinking about asking someone
to cosign on your loan be aware that if
you default, your cosigner will be
responsible.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
MyMoneyCoach.ca
@mymoneycoach_ca

28. #CreditChat
Wednesdays | 3 p.m. ET
What financial tips would you give your younger self
about investing?

29. Do the math: the earlier you start
saving and investing, the more interest
you’re getting on your interest.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Brad Sherman
@Shermanwealth

30. Invest in yourself at a young age.
Always take advantage of your
company’s 401(k) plan.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Kasasa
@Kasasa

31. #CreditChat
Wednesdays | 3 p.m. ET
What financial tips would you give your younger self
about earning extra income?

32. If you have a side gig (freelance
writer, photographer, etc.) you may
be able to deduct a lot of expenses at
tax time.
Wednesdays | 3 p.m. ET
#CreditChat
”
Lauren Young
@LaurenYoung
“

33. Nothing wrong with a side hustle.
Creating other revenue streams is
smart and can help create wealth.
Wednesdays | 3 p.m. ET
#CreditChat
”
Tanya Taylor
@ttaylor2u2
“

34. Get a side job now, relax later. Earning
that extra income while you’re young
can make all the difference in the
future.
Wednesdays | 3 p.m. ET
#CreditChat
”
Cinch Financial
@CinchFinancial
“

35. #CreditChat
Wednesdays | 3 p.m. ET
What financial tips would you give your younger self
about saving for retirement?

36. Set your own goals for what you want
retirement to look like. Don’t let
anyone tell you you have to work till
you’re 70!
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Brad Sherman
@Shermanwealth

37. Retirement seems far away, but it isn’t,
and other stuff always comes up. Start
now and make it a habit to save.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Cinch Financial
@CinchFinancial

38. Don’t give away free money by not
taking advantage of an employee
match on your 401(k).
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Brad Sherman
@Shermanwealth

39. Contribute to a 401(k) as soon as you
get your first job. Even better is a Roth
401(k), if you can.
Wednesdays | 3 p.m. ET
#CreditChat
”
Kiplinger
@Kiplinger
“

40. #CreditChat
Wednesdays | 3 p.m. ET
What’s the #1 financial tip you would give your younger
self?

41. Don’t put it off! Educate yourself about
personal finance and financial planning
ASAP, and get comfortable with the
concepts.
“
Wednesdays | 3 p.m. ET
#CreditChat
”
Brad Sherman
@Shermanwealth

42. You can have it all, but you don’t need to
have it all at once.“
Wednesdays | 3 p.m. ET
#CreditChat
”
MyMoneyCoach.ca
@mymoneycoach_ca

43. Pay yourself first!
Wednesdays | 3 p.m. ET
#CreditChat
”
Kiplinger
@Kiplinger
“

44. Take your finances seriously. The
quality of your decisions determine
the quality of your life.
Wednesdays | 3 p.m. ET
#CreditChat
”
Tanya Taylor
@ttaylor2u2
“

45. Follow Einstein’s advice: Take
advantage of the power of
compounding.
Wednesdays | 3 p.m. ET
#CreditChat
”
Lauren Young
@LaurenYoung
“

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