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Episode 79. How To Support Your Family Financially While Achieving Your Own Money Goals | Sarah, Savvy Savings Squad

Episode 79 is about how Sarah has financially co-supported her family, while still reaching her money goals and pursuing generational wealth.

March is Women’s History Month. All month long, we’re featuring poderosas! For Episode 79, we’re excited to introduce Sarah from Savvy Saving Squad, a poderosa educator in our schools and on social media.

Sarah is a teacher and teacher leader for NYC public schools and creator of @savvysavingsquad, her Instagram page where she shares savvy saving and financial tips & tricks. Born and raised in Brooklyn, NY, she’s the daughter of low-income Moroccan immigrants. After earning two masters, she is now a doctoral student in an Educational Leadership, Administration, and Policy program, which she is cash-flowing (listen to find out how!). Sarah has managed to build a lucrative career as an educator, earning 6 figures in a field where many don’t come close to that salary. She is debt-free and pursuing financial independence with her husband and she’s also managing to help her family financially while reaching her own money goals. You can follow Sarah on Instagram at @savvysavingsquad.

In Episode 79, Sarah talks about:

  • Balancing school with work: Sarah started working while in college on work-study. But even when she entered the workforce as an educator, she was still going to school to pursue her masters—and not just one, but two masters degree and a current doctoral degree.
  • Pursuing graduate degrees without breaking the bank—Sarah is on her way to her third degree. How is she doing this without accruing thousands upon thousands of debt? Find out how she’s not only avoiding heavy debt, but how she’s also cash-flowing some of her stipends.
  • Financially supporting her parentscaring for our aging parents is not a far-fetched reality for communities of color. For many of us, we may even feel a duty to care for them; as first-generation wealth builders or even first-generation citizens, we’ve seen our parents struggle and sacrifice so much. Sarah talks about this as a fixed expense, or something that is part of her bi-weekly budget. Listen to hear about how she situates this within her larger budget and why she considers this action a blessing.
  • Loving her 9 to 5— if you’re in the financial independence, retire early part of social media, some of the dialogue around financial independence may be rooted in wanting to escape the 9 to 5 life. But for Sarah, building wealth doesn’t come from a place of wanting to escape—she actually loves her job as an educator and wouldn’t mind staying in the field until she’s at the standard retirement age of early 60s! Hear why Sarah is still pursuing financial independence and wealth-building.

We love this episode because of how central Sarah’s parents are to her money story; this is an often unspoken thread for so many first-generation wealth builders, and, really, many communities of color. If you’re young, this is a topic that’s easy to put off; in fact, it might even be one you want to put off because it brings up stress. Sarah’s been doing this since she was 22. Hearing these stories and starting to sit with these possible realities is something that can only benefit you.

Partners mentioned in this episode: 

BetterHelp – Professional Support When You Need It, At The Fraction Of The Cost Of In-Person Therapy. Get 10% off your first month!

M1 Finance –  investing, borrowing, and cash management in one easy-to-use platform. Build a portfolio of stocks and ETFs for free!

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