Navigating Personal Finance with GenW

It can be hard to tell where you’re going without a guide to tell you that you’re on the right path. I know I was missing a guide to money when I was in college, and honestly, I’m still figuring it out.  Can you relate? Most people can, so we’ve created a guide called Generation Wealthy (GenW). Our goal is to provide you with this guide in the form of videos and downloadable resources, so you can better understand personal finance and create your own personal money management plan.

Personal finance is just that, personal.  What works for me won’t necessarily work for you, and that’s why we think it’s important to provide you with the tools to learn as much as you can regarding all things personal finance, so when you start making money, you can make smart choices.

And once you start making money, you can give some to us.  Just kidding, we’re a non-profit, everything we do here is completely free.  We’re mission-driven, which means we’ll be happy as long as you all are learning and putting the lessons we teach into practice.  

At the end of the day, we all need to know how to manage our money and have a bit more control in our lives.  If you have debt, you know what I mean by “getting more control”, student loans are no joke!

If you want templates for budgeting, net worth tracking, expense trackers, etc., and you want to read a blog or watch a video about how to use these resources, then you’ll want to subscribe to GenW.  If you want to get a better understanding of financial instruments and terms, like “Roth IRA”, “amortization”, “compounding interest”, and the stock market, then subscribe.  We have an entire team working to bring you the personal finance education we all need!

My name is Samantha and I’m GenW’s founder. My mission is to help teach personal finance and start the money conversation.  If you’re looking to take control of your financial life, pay off debt, buy a big ticket item, or learn better personal finance habits, then subscribe to Generation Wealthy and start your journey now.

How to Get the Best Summer Job

Although summer is almost over, you can always plan for your summer job next year or make the last one to two months count! There are a few things to consider before deciding what job to get such as: where to look, how to fill out an application, what employment laws to know, and how to save the money you make.  And last but not least, let’s try to avoid everything in this gif below. No to terrible jobs and yes to saving some money!


How many hours do you spend on Instagram and Facebook during the long summer days? Once your newsfeeds and IG feeds get boring, take some time to find a summer job to start making some money! At GenW, we asked our team for suggestions on where to go for the best job search. Although many named online sites like LinkedIn, Indeed, and the Muse, many more suggested calling the place first to check-in on the status of a role and then going in person to fill out an application! It’s a way to hopefully meet with the hiring manager and/or people you could be working with. If you don’t have a way to make it in person, make sure to narrow in on positions online to find roles that allow you to use the skills you have by taking a look at internships. 

Internships? But aren’t those unpaid? Not necessarily! The US Department of Labor took note and decided on six standards that must be met for interns (Fastweb, 2017) to be unpaid so it’s unlikely that yours will be unpaid, but make sure to look into that before accepting it. 


Once you land the internship and/or summer job of your dreams, there are a few employment laws to consider to make sure all your bases are covered. Technically there’s 11 employment laws to review and consider, which you can learn about in our Employment Law 101 video that we came out with recently, but there are a few I want to review with you now. 

Fair Labor Standards Act of 1938 - 1:21 minutes into our Employment Law video
This law establishes minimum wage and overtime by state. There is a Federal minimum wage which serves as a base line and then every state has the right to establish its own higher minimum wage, but it can’t go below the federal standard. Minimum wage is usually established based on the standard of living in your area. Have you ever noticed that some cities are more expensive to live in that others? Well, that’s exactly what we are referring to. Check out this link to see what your state’s minimum wage is! 

The second part of this law is overtime. Overtime pay is required for any additional hours worked over a standard work week, which is 40 hours in the US. Overtime pay must be at least 1.5 times an employee's regular pay.  

Title VII, the Civil Rights Act of 1964 - 2:05 minutes in our Employment Law video
We hope this law never has to come up, but it prohibits discrimination on the basis of race, color, religion, sex, or national origin. An example of violating this law would be if you were denied a job because of your religious beliefs or not hired at all because of your gender and/or ethnicity.

Occupational Safety and Health Act of 1970 - 2:58 minutes into our Employment Law video
This law establishes safety standards and employee’s right to refuse to work in unsafe conditions. This law protects us against working in unsafe environments that would be hazardous to our health. An example of violating this would be working in a factory where you would be dealing with hazardous chemicals and not given the proper materials and equipment to handle them.


Get a Bank Account
To ensure that you make the most out of the money you’re getting from your job, the best call to action would be to set-up a bank account! When starting your position, set up direct deposit with your employer and an automatic transfer of a portion of each paycheck to go into your savings. This will allow you to save money to use during the school year without even thinking about this. Depending on your bank, check out more information about automatic transfers here (Investopedia, 2017). 

Prioritize Your Money
Whether you’re going back to school soon or want to prioritize your money better, look to breaking down your expenses. Put aside rent, bills, and necessity spending, but so you don’t go crazy, remember to have a little fun with what you earned! Check out our blog about what to do with all your money from your summer job and while you’re at it, check in on your 2017 financial goals

There you have it! You’ve learned how to get a summer job and how to save that mulah! Keep coming back to GenW for more ways to be financially sound. 

Budget Friendly Halloween Costumes

Budget Friendly Halloween Costumes

Holidays are a great break from the ordinary, and Halloween is one of my favorites. The reason? Costumes! Dressing up as someone or something else is a great way to express your sense of creativity in a judgment-free zone (or light judgement, depending on your friends). If you’re trying to come up with some ideas while sticking to your budget, we have some tips for you!