I saw a post on Instagram that said it is the last quarter in this decade. That definitely made me evaluate where I am compared to where I want to be. If one of your goals this year was to save more money and you feel like you are behind on your goal or you just don’t want to start the new decade in the same position. Charles Schwab’s Modern Wealth Survey showed that Americans are still struggling to save with 59% living paycheck to paycheck.
How To Save As A Spender
So if this is the first post you have ever read from me, I am a spender and I got it honestly from one of my parents who will not call out in this post. The interesting thing about it was I always felt guilty because my other parent a saver. Interesting combination right. Yeah, I know, and just for the record, my brother is naturally a saver like the other parent.
How To Build Your Starter Emergency Fund Fast
Emergencies, they happen but they don’t sting as bad when you’re able to pull the money from your savings to cover it. According to Bankrate.com only 40 percent of Americans would pay an unexpected expense of $1,000 from savings, 1/3 would borrow the money by using a credit card, personal loan, or by asking a family friend. If you have to borrow it then that’s what you have to do but here’s the thing about borrowing money you borrow the money, you still have to pay it back so you now have another bill to pay each month.
3 Major Financial Challenges Women Face And The Steps To Overcome Them
Unfortunately, many women defer investing to their husband or never invest at all.
I’ve seen the scary results of women not taking an active role in the family finances.
When I worked at a financial planning firm, we had a client pass away.
His wife came into the office for a meeting so she could be caught up on their accounts.
This was the first time we were ever meeting her. Up until now, she simply let her husband handle the investing.
Now she was alone and completely clueless as to their investment plan, her investments, and even account balances.
How I Do A Monthly Financial Checkup
Do you know where you stand financially? At the end of every month I sit down for 30 mins and complete a financial checkup. A financial checkup is a layout of all my income and expenses for the month along with an analysis of how I spent my money in the previous month along with any outstanding debt balances and a status update of where I stand when it comes to my financial goals, so the balance in my savings, sinking funds and investment accounts (including retirement).