Bored Panda got in touch with Daniella Flores, the Founder & CEO of iliketodabble.com, a site and blog dedicated to helping people manage their money. First and foremost, we were curious to hear what she thought is the biggest misconception most people have about managing money.

“That you have to use a strict budget and restrict your life, you can manage your money and still live your life too. Instead of cutting on the things you love, review your spending and look for the purchases that you don't remember or notice that you spent that money on something that didn't matter much to you - that is what you should cut. Spend money on the things that matter to you and cut what doesn't.”

In general, many people get uncomfortable around the idea of managing their money and making a detailed plan for the future, so we were curious to hear her take on what pushes people away. “Money is emotional with beliefs that get ingrained in us from childhood. It is difficult to face that head-on, review your spending, and actually create a plan to manage your money. That's why it's great to work with a financial coach who can talk you through that process in a non-judgmental way.”

“Your beliefs about money might lead you to think you're "bad with money", but that isn't true. The game is rigged but that doesn't mean that you shouldn't educate yourself about financial wellness. Learn how to navigate the financial system in a way that works best for you, and who knows - maybe you can help change it one day.”

Daniella left us some suggestions of where to start if someone was dealing with a lot of financial insecurity or was just looking at a beginner's guide to investing. You can also find more on the iliketodabble X and Instagram page. Because looking at these prices might seem sad, but it’s always better to think about the future. 

While many people have accepted that things are terrible, some economists argue that, to some degree, the discourse around the economy is dominated by bad vibes and not facts. Kyla Scanlon, financial analyst, writer, and content creator coined the term “vibecession” to describe the strange disconnect of the US avoiding a recession while many people in it vehemently believe the sky is falling. 

Despite all the doom and gloom, economic indicators show that wages are growing alongside the economy. While our current prices are, obviously, higher, due to inflation, some people seem to be working from the misguided position that prices would go down or that there would be deflation, ignoring the fact that this would actually be an indicator of inflation.