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Money Monday
By Imagine Scholarships
Sherri Ross
January 20, 2025
🌟 Welcome to this week's Money Monday!
Did you know that the average person makes 35,000 decisions each day? Many of these decisions involve money—whether to save, spend, or invest. But how much do you really know about your finances? This week, we’re mixing fun facts with some eye-opening truths about money, spending, and financial literacy. Stay tuned to the end to learn how our courses, Financially Fit and Career Ready and The Currency Conundrum, can help you take control of your financial future.
Fun Money Trivia
💡 How much cash is out there?
Did you know there’s around $2.3 trillion in physical cash in circulation globally? That’s enough dollar bills to circle the earth 9 times!
💡 Unused gift cards
In the U.S., an estimated $3 billion worth of gift cards goes unused every year. Do you have any unredeemed cards in your wallet?
💡 Impulse buys
The average person spends $314 per month on unplanned purchases, totaling over $3,700 annually. Could cutting back here fund your education or savings goals?
💡 Subscription surprises
One in three people forget about active subscriptions, costing them an average of $300 annually. Take a few minutes to review yours—you might be surprised!
💡 The latte factor
If you skip a $5 coffee every weekday and invest that $25 per week at 6% interest, you could have nearly $25,000 in 20 years. Food for thought!
💡 Pennies of profit
A penny costs about 2.1 cents to produce—meaning the U.S. Mint loses money on every penny it makes.
Words of Wisdom
"A budget is telling your money where to go instead of wondering where it went." – Dave Ramsey
For College Students
Did you know small savings can add up? If you set aside just $2 a day, you’ll have over $700 by the end of the year. Start your savings habit today!
For High School Students
Think about your biggest spending temptation (gaming, snacks, apps). Challenge yourself to skip it for one week and see how much you save.
For Parents
Want to teach your kids the value of money? Start by discussing your family’s budget. Transparency can help them understand the importance of planning.
For Educators
Engage your students with trivia about money! Use fun facts like these to kickstart conversations about financial literacy in your classroom.
Quote of the Week
"The art is not in making money, but in keeping it." – Proverb
Challenge of the Week
Find and cancel at least one unused subscription this week. Reallocate that money to a savings or investment account and watch it grow!
Meaningful Story of the Week
Meet Alex, a recent grad who discovered she was spending over $500 a year on unused streaming subscriptions. After taking The Currency Conundrum, Alex created a monthly budget, canceled subscriptions she no longer used, and put the extra money into an emergency fund. "Now, I feel in control of my spending, and I’m saving for things that really matter."
Trivia Recap
Think back to those trivia questions—how many of them surprised you? Imagine how much more you could learn by diving into our new financial literacy courses:
💡 Financially Fit and Career Ready
Learn the essentials of budgeting, paying for college, and building financial goals. This course is packed with tools to help you succeed.
💰 The Currency Conundrum
A hands-on, interactive course that teaches real-world financial skills like managing unexpected expenses and mastering digital banking.
Ready to master your money?
👉 Sign up for Financially Fit and Career Ready
👉 Sign up for The Currency Conundrum
Take control of your financial future today!
Scholarship of the Week:
FUTURE BUSINESS LEADERS $1,000 SCHOLARSHIP
🔗 Learn More Here
Thank you for making Money Monday part of your week! We’re here to help you succeed with actionable tips, inspiring stories, and practical resources. If you’d like personal support, I’d love to connect with you.
Here’s to a year of growth, success, and achieving your goals!
See you next Monday!
Cheering you on,
Sherri Ross
P.S. If you’re ready to find more scholarships, streamline your college application process, and make smarter financial decisions, check out Imagine Scholarships. It’s a game-changer, and we’re here to support you every step of the way. We also have courses and other resources waiting for you here. Reply to this message or email [email protected] if you have questions about signing up your group. As the leading platform for scholarships, college, career, and life readiness, we connect you to scholarships you can actually get with expert guidance to make your educational journey simple and easy.
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