Through my old money blog, I have made friends with other money bloggers and learnt so much through them. Recently, my friend Araminta from “Financially Mint,” has put her financial knowledge into a super helpful, FREE, 6-day course. As it has an emphasis on helping and teaching students, I thought it would be a great idea (for my benefit too) to try it out and give you a review!
The Frugal Frenchie
Day One: Planning
In day one of this email course, you’re encouraged to create a plan and set goals for yourself. Emails across the next few days will guide you and give you ideas on how you can reach those goals!
Day Two: Lower Spending and Budgeting
To get you started, one of the most commonly used words in finance – budgeting- is covered. Why is it important? What can it tell you? Araminta also shows you, through pictures and instructions, how you can keep track of your expenses, savings, debt, income and how to set a budget.
A big emphasis is placed on cutting down your unnecessary spending, and if not possible, Araminta has you covered with a guide to student discounts as well as a long list of available ones out there!
Day Three: Increasing your Income
I love how this course is catered to students. It’s always annoying when people assume you can just get a full-time job or something of a higher wage, we’re students! It’s not always possible!
Catering to this, day three of the course gives you several options for side hustles that you can manage alongside your studies, as well as a clear guide to helping you get started on each one. They’re super easy and really well explained- so don’t worry if it’s all new to you.
Day Four: Pay Off Debt
As I personally have no debt, bar student fees (I didn’t take out a maintenance loan), day four was really interesting for me. I learnt about interest and how potential payments could be made in future, and how to get your head around it. There were also some helpful tools attached to the email such you can try calculating a future payment plan for yourself.
Day Five: The Savings
You’ll see that throughout the first few days, there will be a continuous mention of “15% in your savings account.” This is explained in more detailed at the beginning of the budgeting email, so make sure you go back to it and understand that before day five!
In this email, there are heaps of good ideas on what to do with your savings. This includes investing ideas (with case study examples), with some relevant articles and resources and then explaining what a “FU Fund” is and why it’s beneficial to have one.
Day Six: Financial Education and Resources
The last day of the course is helping you to continue to grow your financial education. There is a free resource pack available through “Financially Mint,” as well as a list of other places you might grow your knowledge from. Once you start budgeting more seriously than just on pen and paper, this email has you covered with some great recommendations for budgeting apps that you can try and have a whizz at.
Overall, as you can imagine, I found this course extremely interesting and above all, very helpful. If you’ve never really thought about your finances or don’t know where to start, it’s ever so helpful having tonnes of information in 6 clear, consecutive emails.
If you’d like to join the course, simply click here and let me know what you thought afterwards!