School teaches us many subjects and provides different skills, but not everyone is lucky enough to get a proper glimpse into the bewildering world of finance. And as some of us are still lost in the darkness of financial housekeeping, TikTok users come flying with their genius advice regarding all things money and cover aspects of when, what and how.
TikTok not only instructs us how to dance, lipsync, or put makeup—it is now educating us on how to maneuver through the world of personal finance.
You can check out some of the ingenious insights given by TikTokers and let us know what you think or even share your own tips and tricks on how to deal with day-to-day money, saving, and retirement.
#21 How To Start Taking Care Of Your Finances From College
"Top 5 things you should do in college to prepare you for the real world. (From a college grad who has her s*** together). 1. Get a credit card. I recommend the Discover Student Card or Capital One Student Card. You need credit the moment you graduate to get an apartment. 2. Open a high-yield savings account. Let your money make you money via interest. I recommend Marcus by Goldman Sachs or Ally Bank. 3. Open a ROTH IRA. even putting in $20 a month helps you to start saving for retirement. Use betterment.com. 4. Perfect your elevator pitch. You should be able to answer “tell me about yourself” at the drop of a dime. 5. Learn to budget. I recommend letting an app do it for you. Clarity Money is my personal favorite." [watch the video here]
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1point
#22 Learn How Easy It Is To Open A Roth Ira
“Here’s how to open a Roth IRA with Vanguard. First you're going to go to investor.vanguard.com. Then you're gonna click open an account. That will bring you here and you click let's open my account. You will be asked how you want to fund your Roth and here we are going to click the first one. After that, you will select that you are new here and that will bring you to this page and you simply press continue. This asks why are we investing. We're going to click retirement and the account type will be Roth IRA. Here’s a survey asking for the objective of your Roth, I’m gonna click growth and capital preservation and the source of funds is going to come from salary. Here you're gonna put your personal information step two, you’ll enter your bank information, you review and sign and then sign up for access.” [watch the video here]
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-6points