I used to feel completely clueless when it came to managing my finances. But then, I started investing in myself and my financial education.  

And now? I’m here to share all 4 money rules rich people live by, and how you can implement these in your own life.

I’m not here to preach about pinching every little penny, cause that’s just not our style. 

At Priceless Tay, we’re all about helping you build a strong financial foundation in a practical and actionable way.

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If you’re tired of feeling lost every time that paycheck hits your bank account, not knowing what to do with it to start building wealth, then this is your lucky day!


This post is all about 4 money rules wealthy people live by and how to implement them into your life.

4 Money Rules To Live By: 

Being financially savvy doesn’t mean you can’t have fun! Quite the opposite, actually–keeping those finances in check can lead to even MORE fun times! 💰  

But let’s be real, balancing finances and a social life in your 20s is not a walk in the park. With student loans, rent, insurance, and more it’s easy to put off saving and investing because it seems overwhelming. 

But finding that balance doesn’t have to be impossible or a total snooze-fest. It just takes a little bit of smarts and some practical steps that will set you up for financial success AND fun adventures along the way! 💸

#1 – Live below your means – Not within them 

For many of us, this lifestyle inflation can start from failing to control spending, which can snowball into a an even bigger mess. 

But how do you know if you are living below your means? 

The first is to take inventory of your money. 

This can be as simple as grabbing a pen and jot down the deets: how much you’re earning, your essential expenses (rent, utilities, car payment), how much you’re splurging on fun stuff like shopping and going out, and most importantly much you’re saving.

One way to look at it is the 50-30-20 rule: Spend 50% of your cash on those essential needs, 30% on your fun, exciting wants, and save a solid 20% for the future.

Take a look at your math and see if you’re hitting those targets. If not, then it’s time for a little adjustment. 

#2 – Automate Everything 

👏AUTOMATE👏 as much of your financial life as humanly possible! 🤖

This isn’t rocket science, automating things like credit card payments, car payments, savings and your investments can save you SO much hassle and headache in the long run! Plus, it helps you visualize just how much you have leftover each month for those FUN things!  

Let’s be real, nobody wants to deal with late fees or unexpected expenses that leave us in a bind.

But with some sweet automation, you can sit back, relax, and let your money do the heavy lifting! 

#3 – Talk About Money More Often

I know, I know, politics seem to be the go-to topic these days, but guess what? 

Money is STILL that one taboo subject nobody seems to want to touch. 

That’s why I’m here to tell you: LET’S TALK MONEY!

First things first, take a deep breath and don’t be afraid to bring up finances with your significant other, BFF, or even your barista. 😅 

Talking about money can be awkward, but it needs to happen.

Remember, the longer you let financial problems linger, the worse they can get. Don’t just sweep it under the rug and hope it goes away–face it head-on and take control of your money! 

After all, money impacts almost every aspect of your life in some way or another, so don’t ignore it.

#3 – Build Up Your “Oh Sh!t Fund’“

Having an emergency fund set up is a vital step in establishing a solid financial foundation. With credit card debt lurking around every corner and inflation on the rise, not having an emergency fund can seriously set you back.  

Having an emergency fund, aka your “oh shit” fund, can actually save you from using your credit card for those unexpected expenses that seem to pop up out of nowhere. 

 👉 Here’s the deal: when budgeting your monthly spending, keep in mind that there will always be infrequent yet predictable expenses that you’ll need to take care of from time to time. Whether it’s a sudden job loss, holidays, car repairs, or even health scares, these events never occur on a set schedule. Life loves throwing curveballs, am I right? 

Planning ahead and paying for those big events is easier than you think. How? By stashing away some cash each month. And I’m not talking about breaking the bank here—just start with small amounts like $50 to $100. 

Ideally, you wanna save up 3 to 6 months’ worth of living expenses. That way, you’ll have a solid financial safety net in place. So when life inevitably throws those unexpected curveballs your way, you’ll be cool, calm, and collected. 

#4 – Invest In Your Financial Education

This stuff should be taught in schools, like, yesterday. 🤔🎓 But it’s not, and that means you gotta take the initiative, my friends. No one’s gonna care more about your money decisions than you. 

Investing in your financial education is a game-changer, and there are various avenues to explore, such as books, courses, and podcasts. Here are some of my favorite books that can serve as valuable companions on your financial education journey.

📰 In the News:

Getting rich isn’t the American Dream anymore….

It seems like spending habits are causing some friction among us young adults. 

According to a Credit Karma study, a whopping 36% of Gen Z and millennials reported having a friend who pushes them to overspend. 

The consequences? Well, it’s not pretty. These overspending friends are leading their buddies straight into the arms of debt. 

In fact, 88% of millennials and 80% of Gen Z who have these spendy pals ended up taking on debt as a result of their shenanigans. 😱 Millennials seem to be worse off, with a whopping 15% admitting to racking up $500 or more in debt because of their friends.

But why are we falling into this trap in the first place? 

Turns out, the top reasons for overspending with these friends include not wanting to feel left out (I feel you, FOMO is real), wanting to keep up with their friend’s fancy lifestyle (hello, keeping up with the Joneses), and the classic desire to please their friend. 

28% of millennials straight up admit they just don’t know how to say “no” to these persuasive spenders. 😅💸

But fear not, because we’ve got the power to take control of our financial futures and still spend time with our friends. It’s all about setting boundaries, saying “no” when it’s necessary, and finding that sweet spot between having fun and staying on track with our money goals.

🧋Taylor’s Toolkit:

How to say NO to plans that don’t align with your money goals

Let’s talk about that temptation we all know too well: FOMO

Money can be a bit awkward to talk about, but it’s SO important to talk about. Trust me on this one! 🙏 That’s why it’s crucial to set some boundaries with yourself and your friends. 

Now, if you still wanna hang out and have a blast without breaking the bank, I’ve got a few suggestions for you. Here are some low-cost hangouts to suggest. 

Manicure Monday? Pamper yourselves with a DIY mani sesh.

Boba date? Sip on some bubble tea goodness and catch up without splurging. Boba is the key to friendship! 🧋

Channel your inner Chef – Try out a new recipe from TikTok, have a good laugh, and show off your culinary skills—all while keepin’ that bank account happy. 

And remember, hanging out doesn’t have to mean spending money! 

There are plenty of ways to have a blast without emptying your pockets. Get creative, think outside the money box, and find those super cool activities that won’t drain your hard-earned dough. Your wallet will thank you!

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