Follow Your Money: 10 Money Moves. 10 Money Vibes. 10 Issues.
Issue 11: Summarizing Issue 1-10 + Mastercard Foundation Scholarship + Central Bank Internship
Hi friends,
Happy Tuesday. Welcome to Issue 11. 👋🏾
This week, we recap the past ten issues as a way to reinforce some of the financial habits we’ve picked up along the way. Lessgooo🚀🚀
Issue 11: 10 MONEY MOVES. 10 MONEY VIBES. 10 ISSUES
Summarizing Issue 1-10.
ISSUE 1: Introducing the Follow Your Money newsletter.🎯💯
👉🏾Fun fact. When we started the newsletter, it was named “Follow Your Heart❤️” but Dot was already known for that and feedback from Issue 1 prompted the change to “Follow Your Money”. 👌🏾
As a matter of fact, the full name of the newsletter is “✨Follow Your Money with Your Heart✨”.
ISSUE 2: Slay Your Bills, Not Your Vibes; The Art of Budgeting. 🎯💯
👉🏾This is your go-to guide to living in a world where the destiny of e-commerce websites lies on the shoulders of your purse.👌🏾
To help you slay your bills and keep your vibes, this Issue introduced the 50/30/20 budgeting rule.🫡
ISSUE 3: The Neuroscience of Saving: Progress Over Perfection. 🎯💯
👉🏾With the understanding that saving money doesn’t come off as easy as spending it, this Issue explained how to rewire and train our brain to reward progress over perfection. 👌
ISSUE 4: Debit Score: Track Your Growth, Not Your Debt (Only). 🎯💯
👉🏾This issue introduced the unpopular concept of Debit Scores, as a way to reward and measure our financial responsibility. ✨
Contrary to Credit Scores, Debit Scores encourage your savings habit. 👌🏾
ISSUE 5: Building a Debit Score. 🎯💯
👉🏾This issue piggybacked on the last issue and introduced a simple formula to calculate, measure and track your debit score. ✨
ISSUE 6: Don’t Give Up; Keep Going. 🎯💯
👉🏾By extension, Issue 6 shared a couple of ways to track your financial progress and reward your monetary discipline.💫
ISSUE 7: Taxes; The Uninvited Guests of Personal Finance. 🎯💯
👉🏾Issue 7 simplified consumption taxes through the VAT and Sales Tax system with a subtle reminder that we live in a world where we are inspired to build credit scores 😩, motivated to increase our spending habits 😐, and rewarded by the system through high VAT.🤒
ISSUE 8: Taxes II; The Univited Guests of Personal Finance. 🎯💯
👉🏾Following Issue 7, this Issue introduced personal income taxes put as “Hey thanks for hustling, now hand over your share."🙅🏾♂️
ISSUE 9: BuyNow Pay Later: Living Large or Sinking Deep? 🎯💯
This Issue introduced a very subtle yet powerful reminder that when it comes to Buy Now Pay Later, you can only speed up gratification, [you can’t] delay your payment (and worries).
ISSUE 10: Insurance: Your Umbrella for a Rainy Day. 🎯💯
👉🏾This Issue generally introduced insurance as a safety net that protects us from unexpected events and helps us maintain financial stability during challenging times.
Furthermore, the issue doubled down on health insurance, highlighting three important parts of your health insurance.✨🎯
Final takeaway🏋🏾: It’s been super fun and educating curating the Follow Your Money newsletter every week. 🫡✨
Major s/o to y’all. Here’s to many more FYM Issues! 🚀🚀
RESOURCE LIBRARY
Scholarships
The American University of Beirut is offering scholarships in partnership with the Mastercard Foundation for graduate student study💰- the deadline is July 21st.
Fully-Funded Scholarship to Study in France (for South Africans only)💯💰
Opportunities
Unilever Leadership Internship Program (for Kenyans); Application closes today! 🏋🏾
Internship opportunity with the Central Bank of Kenya 💰🏋🏾- deadline is July 21st
Application for the Fully Funded 💰 MENA Digital Summer School 2023 i are now open- the deadline is July 17th.
Apply to receive up to $10,000 for the “We Are Together” International Prize- the deadline is July 20th. 💫 💰
The ATLAS Corps is currently accepting applications for its fellowship and leadership programs. Apply here. ✨🎯
Do you have an idea to revolutionize wellness? Pitch your idea at the 2023 Shark Tank of Wellness Global Student Competition 💯 + a fully funded trip to Doha Qatar. 🚀
Freebies
If you’re looking to start a business or launch an idea, check out these 12 super cool tools you absolutely need— by Sam Szhuchan. 🏋🏾🎯
MONEY TRIVIA
Assign a monetary value to each symbol so that the equation below is correct. 💯
$ + $ + $ + $= $3.00
Finally, here’s our quote of the week.🎯
When people show you who they are, believe them!
-Oprah Winfrey.
Until next time,
Dulra❤️
Founder/CEO, Dot.