Kickstarting Financial Literacy: Tracking Income and Expenses



In this episode Mark introduces a special miniseries aimed at the high school seniors of Crested Butte Community School. Mark outlines his plan for making financial literacy accessible through podcast episodes that parallel his classroom lessons. 



He delves into the key components of the first lesson: tracking income and expenses. Mark discusses setting up a ‘Money Journal,' understanding paychecks, categorizing expenses, and prioritizing savings. He emphasizes the importance of living within your means and avoiding 'lifestyle creep.' 



Tune in to explore actionable steps towards financial freedom and learn about tools and techniques to maintain a healthy financial life.



Episode Links:



Mark’s Money Mind YouTube Channel



Spending Tracker App (iPhone)



Spending Tracker App (Google)



Timestamps:




00:25 Purpose of the Financial Literacy Miniseries



02:35 Overview of Financial Literacy Course



05:23 Lesson 1: Tracking Income and Expenses



06:01 Understanding Financial Statements



12:34 Fixed, Variable, and Periodic Expenses



14:40 Prioritizing Savings



22:19 Tools for Tracking Spending



24:32 Wrap Up

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