Common financial mistakes to avoid

Life Kit

NPR

Health & Fitness, Self-improvement, Kids & Family, Education, Business

4.3 • 3.9K Ratings

🗓️ 6 August 2024

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Financial educator Yanely Espinal shares her don'ts when it comes to money. Don't co-sign loans. Don't make hype-driven investments. Don't spend money you don't have. If you've been making these missteps, don't worry — Espinal has advice on how to create a path forward.

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Transcript

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0:00.0	Christian nationalists want to turn America into a theocracy, a government under biblical rule.
0:07.0	If they gain more power, it could mean fewer rights for you.
0:12.0	I'm Heath Drusen and on the new season of Extremely
0:15.0	American I'll take you inside the movement. Listen to Extremely American from
0:20.2	Boise State Public Radio, part of the NPR Network.
0:24.0	You're listening to Life Kit, from NPR.
0:30.0	Hey everybody, it's Mary L.
0:32.0	I want to start this episode by saying we have all made
0:35.9	financial mistakes. Janelli Espinal is a financial educator. She works at a nonprofit called
0:41.6	Next Gen Personal Finance,
0:43.0	which is on a mission to try to get every single high school student in America
0:48.0	guaranteed access to a semester course about personal finance and financial literacy.
0:52.0	Ten years ago, she was deep in credit card down. about personal finance and financial literacy.
0:52.5	Ten years ago, she was deep in credit card debt
0:55.4	and counting down the days until she was gonna pay it off.
0:58.4	In October of 2015, I was gonna make my last credit card payment. So like October of 2015 was my mantra every day, right?
1:06.0	Like I would wake up in 2014 to get dressed for work and I'm like
1:10.0	October 2015, October 2015,
1:12.0	because I knew that was my North Star.
1:14.0	Like I was going to be dead free on that day.
1:17.0	Yannelli wrote a book called Mind Your Money.
1:19.0	Being low income and a daughter of immigrants,
	...

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