Every summer as the days get longer and the temperature creeps up, we all look forward to evening ice cream runs, dips in the pool, lounging outside with friends, and on some days … beating the heat by staying inside to watch whatever is new on netflix.
Whether you’re watching Nicole cackle at contestants on Nailed It, or rooting for Eleven and Mike on Stranger Things, you may be surprised to find that this summer’s most anticipated Netflix shows actually include some important #MoneyLessons. You can learn a lot while Netflix and chillin’ solo or with friends!
Here are my top three personal finance lessons we can all pick up from our favorite Netflix shows this summer while taking some very needed rest and relaxation:
The Show: Orange is the New Black
The Lesson: Shortcuts are a quick way to trouble
As we learned from Piper, the shortcut never works. It might seem easy to cut corners, steal, be sneaky, but in the end it’ll only come back to bite you.
Whether you’re trying to pay off debt, save for a big purchase, or modify your spending habits — it’s always better to set your priorities and goals first, make a plan, and follow through without cutting corners. Yes, it might take a bit longer, but it’ll be worth it in the end. (Also avoiding prison is pretty cool!)
The Show: Nailed It
The Lesson: Try, try, and try again
What’s that saying again? “You miss 100 percent of the shots you don’t take.” Personal finance goals, like baking a Marvel superhero cookie or a T-Rex cake, can be pretty tricky as a first timer.
But if you set some time aside to make a plan and give it your best, you’ll end up with something pretty great (even if it’s a little messy). A cupcake with wonky icing is better than no cupcake, and carving away at your debt payment by payment is better than not at all. “Se Magnifique!” – Jacques Torres.
The Show: Stranger Things
The Lesson: Prepare for the unexpected
You never know what’s coming — whether it’s an alien or a costly surprise car repair — you need to prepare for the unexpected, always. Make sure you have an emergency fund that can get you through a tough situation (like buying a LOT of string lights) without having to go into debt, which will only hurt you more in the long term.
No matter what stage of your personal financial journey you’re on, we can all learn about ways to improve our financial life from all sources of inspiration, even Netflix!
So grab that bowl of popcorn or bowl of ice cream, get cozy on the couch, and soak up some money lessons (and rays!) this summer while watching your favorite shows.
Article submitted by Alia Dudum, Millennial Money Expert from LendingClub