My favorite summer hobby is probably an unusual one compared to most people my age. As a 21 year old just graduating from college(and a year early), my favorite summer hobby is financial planning for my future. For students with lots of time on their hands during the summer, I highly recommend using this time wisely to get your finances in order.
I spend vast amounts of time every day coming up with budgets that will serve me for a lifetime. My best advice is to start small, if you are new to the entire process of financial planning and budgeting. As you grow more knowledgeable, you will become sophisticated in your habits.
Start out by setting aside one hour during every day in the summer to devote to financial planning. Eventually you will go from creating your monthly budget to looking at investment plans involving stocks. But, before we get that far, I wish to give you some starting advice. Try doing your budgeting out in the sun, so you can get a nice tan and be productive!
Start out thinking about yearly financial goals. Next, create a monthly budget that restricts your spending so you can achieve those goals. After this, any money you have left over can be invested!
Sometimes you may even be able to get great financial planning advice on your Direct Star TV in programs like the Suze Orman Show or the Dave Ramsey Show. Be diligent in your financial planning this summer and it could pay dividends!
