Enrich your life: Become a Moneythink mentor!

Let’s face it: it’s hard to keep ourselves accountable with money. Even our best laid plans can fall by the wayside when we hear that our favorite musician will be in town, those shoes we want go on sale, or all our friends are planning a night out. However, you don’t have to do it alone. Sometimes, a little peer accountability can go a long way—and make reaching your goals more fun!

No one knows this better than Moneythink mentors. Moneythink is a nonprofit working to restore the economic health of the United States through financial education. They place trained personal finance mentors with high school mentees, whom they connect with every week in school and stay in touch with online via an app called MoneythinkMobile. Over 600 college students currently volunteer for the program, serving nearly 2,000 students across the U.S.

Moneythink mentors will be the first to admit that money management can be challenging, but they’ve found that when you’re working with a group, it’s almost always easier and more entertaining! Guiding someone else to spend less on impulse buys, save a portion of each paycheck, or earn some extra cash can also make you more aware of your spending habits. If you’re lucky, your buddy will also help keep you accountable to some of your own goals.

Don’t take it from us, though. Julianne Oliver, who volunteers as a Moneythink mentor through the Georgia Institute of Technology, found that helping high school students learn how to manage their money was an incredibly rewarding experience that also helped her become more money-savvy. “When I joined Moneythink a little over a year ago, I thought I would be giving to my local community,” she says. “Once mentoring was in full swing, I realized I was wrong; my community was most certainly giving to me. Mentoring high school students has taught me about my personal finances: saving, investing, banking, spending mindfully, and much more. For example, I rarely find myself making an impulse purchase because I think about the students I mentor. I do not want to let them down!”

Mentoring high school students has taught me about my personal finances: saving, investing, banking, spending mindfully, and much more.

If you’re looking to get a little extra boost of inspiration for your own finances, consider teaming up with a friend and keeping them accountable to their goals. Arrange weekly check-ins (even if it’s just a text message) over text, to see how your buddy is progressing. Knowing that you’ll get a check-in too will help keep you on track to your goals, as well. Plus, celebrating when you reach a goal is always more fun with more people!

To learn more about Moneythink, visit their website or check them out on Facebook, Twitter, or Instagram, or click here to inquire about starting a Moneythink chapter on your own college campus!

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