Monetize Chic - Smart Money. Smarter Moves.

  Money Myths Young Adults Should Stop Believing Money can be confusing, especially for young adults just starting their financial journey. Social media, outdated advice, and even well-meaning friends and family can pass along money myths that hold you back. Believing these myths can prevent you from saving effectively, investing wisely, or even just feeling confident about your finances. In this article, we’ll bust the biggest money myths young adults often believe and show you practical ways to take control of your finances. Myth 1: You Need a High Salary to Start Saving Many young adults think saving money is impossible unless they earn a six-figure income. This is simply not true . Reality: Saving is about habits, not income . Even small amounts add up over time. Use methods like automated transfers, rounding up purchases, or the 50/30/20 budgeting rule . Example: Saving just £10/week = £520/year. It doesn’t matter if your salary is modest; consistency matters...

What’s a Net Worth and Why Should You Care? 💰 Introduction: Net Worth Isn’t Just for Billionaires When you hear “net worth,” do you instantly think of Jeff Bezos, Kylie Jenner, or that one guy on Forbes’ rich list who owns three islands? Same. But here’s the plot twist: you have a net worth, too. Yep, even if your “assets” right now are a cracked iPhone, a Netflix subscription, and £3.79 in your Monzo account. 👉 Net worth is simply a snapshot of your money health. It’s not about bragging rights — it’s about knowing where you stand, so you can plan where you’re going. Quote: “What gets measured gets managed.” – Peter Drucker   🧮 Step 1: What Exactly Is Net Worth? At its core: Net Worth = What You Own (Assets) – What You Owe (Liabilities). Assets include: Cash in the bank Investments (stocks, crypto, ETFs) Property value Car (if it’s worth more than the loan you owe) Even that savings jar under your bed Liabilities include: Student loans Cred...

  Introduction: Why Money Matters in Love Hey, friend! Let’s have a heart-to-heart about something most people shy away from—money in relationships. I know, talking about finances while dating might feel awkward or even unromantic. But here’s the thing: money is one of the leading causes of breakups . According to a 2019 SunTrust survey , 35% of couples said money disagreements caused the most stress in their relationships. Think about it. You’re head over heels for someone. You share laughs, late-night conversations, and maybe even dreams of a future together. Then, you find out your partner has $50,000 in hidden debt , refuses to talk about savings, or constantly pressures you to spend. Suddenly, that fairy-tale vibe starts to feel more like a financial nightmare. In this post, I’m going to walk you through 12 financial red flags in relationships , backed by research, social media trends, and real-life examples. By the end, you’ll know exactly what to watch out for—and how to ...

  How to Know if You're Financially Responsible: 10 Signs of a Financially Responsible Person Financial responsibility is more than just earning money—it’s about managing it wisely, making smart decisions, and preparing for the future. Being financially responsible ensures you have stability, reduces stress, and helps you reach your long-term goals. But how can you tell if you’re truly financially responsible? In this post, we’ll explore 10 signs of a financially responsible person and provide actionable tips to cultivate these habits. 1. You Live Within Your Means One of the clearest signs of financial responsibility is living within your means. This doesn’t mean depriving yourself but making conscious decisions about your spending based on your income. Practical tips: Track your income and expenses monthly. Avoid lifestyle inflation—don’t increase spending just because your income rises. Create a realistic budget and stick to it. Why it matters: Spending within...

  A Balanced Look at Small vs. Big Savings Choices Saving money is a topic that touches everyone, regardless of age, income, or financial goals. Whether you’re just starting your financial journey or looking to grow an existing portfolio, understanding the balance between small and big savings choices is crucial. Both strategies have their place, and when used together, they can create a robust approach to financial stability and growth. In this post, we’ll explore the difference between small and big savings choices, examine their benefits and limitations, and provide practical tips on integrating both into your financial routine. Understanding Small Savings Choices Small savings choices are everyday actions that may seem minor individually but can accumulate into significant financial benefits over time. They often involve subtle adjustments in spending habits or incremental contributions toward savings goals. Examples of Small Savings Choices Coffee at home instead of d...

What Every UK Graduate Should Do With Their First £5 –10k Savings Graduating from university is an exciting milestone — you’ve finally completed years of study, you’re stepping into the working world, and for the first time, you might have a meaningful sum of money saved up. Whether you’ve been frugal with your student loan, landed your first graduate job, or received help from family, holding £5,000–£10,000 in your account feels like a golden opportunity. But here’s the big question: what should you actually do with that money? If you’re a graduate with your first savings pot, you’re already ahead of many people your age. The key now is to use that money wisely — not to let it slowly disappear into online shopping, takeaways, or impulse purchases. Instead, think of it as the seed for your long-term financial independence. In this post, we’ll break down practical, step-by-step strategies on how to use your first £5–£10k savings. From building an emergency fund to investing for the f...