Growing up with two CPA's (Certified Public Accountant's) as your parents makes one a little financially sound. I know my way around saving money and how to invest it in order to get the best possible return on my investment. My father always has CNBC on to check the latest updates on the Stock Market and takes the updates to make stock changes if something good or bad happens. He has made sure that I am not loose with my money but that I have a stable understanding on how I am spending it and if the expense is necessary. I believe I am financially responsible because I am very aware of how I spend my money. I check my bank statements often and keep up with what I purchase and what I can refrain from purchasing for awhile. In order for me to not spend all on my money I have my dad transfer it to other bank accounts that I cannot personally access which makes me think I have less to spend then I actually do. In this way what I see as spending money is significantly less than what I have, but it is all I have to spend so I have to be smart with it.
In order to achieve goals with my money I set up budgets. Currently, I do not have a budget of saving money to buy something, but I do have a savings budget in order to create a high amount of interest. Putting money in CD accounts helps me to earn a lot of interest on money that I do not need immediately and would otherwise sit in a savings account earning minimal amounts of interest.
Since I am very concerned with saving my money I hope that when I graduate I have enough saved up to live comfortably on. I do not want to be overwhelmed with many expenses and not a lot to pay them off. I hope that my savings will pay off and I will have enough to buy a car and rent an apartment while I am starting off in my career. By investing money in CD accounts and not spending a lot of the money I do have open to spend, I plan on saving a lot in order to accomplish my goals.
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