06/23/2025
💸 Financial Literacy Blueprint for Teens on Minimum Wage
Goal: Build habits now that turn small checks into big futures.
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Step 1: Know Your Money
✅ Use a notebook or free app (like Mint or Goodbudget)
✅ Track every dollar you earn & spend
✅ Look for “money leaks” (daily snacks, Uber rides, etc.)
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Step 2: Create a Simple Budget (50/30/20 Rule)
50% → Needs (bus fare, hygiene, food)
30% → Wants (clothes, entertainment)
20% → Savings & goals
If your needs are lower, save more. Get used to telling your money what to do.
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Step 3: Build a Starter Emergency Fund
✅ Save $500 as fast as possible
✅ Keep it in a separate account (not Cash App)
✅ This is for real emergencies only—not last-minute nails or snacks
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Step 4: Learn Every Week
📚 Watch YouTube channels like Graham Stephan, The Budgetnista, or Minority Mindset
📘 Take free courses at:
SmartAboutMoney.org
Coursera.org
MyMoney.gov
💡 Learn one new thing about money every week—just like learning a new TikTok dance.
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Step 5: Build Credit the Smart Way
✅ Get a secured credit card at 18 (Capital One, Discover)
✅ Use it for small stuff (gas, phone bill)
✅ Pay it in full and on time every month
✅ Monitor credit at AnnualCreditReport.com
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Step 6: Start Investing Early (Even $25 a Month)
✅ Open a Roth IRA at Vanguard.com
✅ Invest in VTI or VTSAX
✅ Set it and forget it—let time do the work
✅ Don’t touch it unless you’re retired or buying a house
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Step 7: Avoid Debt Traps
🚫 No payday loans
🚫 No "Buy Now, Pay Later" for shoes
🚫 No cosigning for anyone
If you can’t buy it twice, don’t buy it once.
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Step 8: Stack More Skills, Stack More Income
💼 Learn:
How to type
Customer service
How to build a resume
Budgeting and basic taxes
📱Use free tools like Khan Academy or Skillshare.com
The more you learn, the more you earn. Period.
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💯 Bonus Rule: Stay Low-Key & Keep Going
Wealth builds slow. Don’t rush it.
Be the quiet one making power moves.