Money Management
Money management refers to the processes of budgeting, saving, investing, spending, or otherwise overseeing the capital usage of an individual or group.
7 Money Management Tips to Improve Your Finances.
Track your spending to improve your finances. Create a realistic monthly budget. Build up your savings—even if it takes time. Pay your bills on time every month. Cut back on recurring charges. Save up cash to afford big purchases. And, start an investment strategy.
This understanding provides you with a 360-degree view of your financial picture. The goal is to apply key financial disciplines to help you overcome the obstacles to wealth.
With a clear purpose for your money and sound management principles behind it, you are in much more control of your financial destiny.
-
How to Double Your Mom’s Retirement Income
Oooh Stats Based on the Bureau of Labor Statistics, as of 2018, the average American household (those north of 65 years old) pulled in $48,000 of retirement income and expensed $46,000. All things considered, that’s not half bad if you are average, you are likely breaking even. The average retirement savings portfolio holds $100,000 (rounded up from $95,000). Under further scrutiny (nerdy words), those households owe at least $66,000 in debt. The majority of that debt falls under their primary mortgage with $9,000 on revolving credit card debt. The Dilemma: 4% Rule for Withdrawing in Retirement Per Investopedia, the 4% rule is a rule of thumb used to determine how much a retiree should withdraw from a…
-
Your Parents Want to Retire in The Caribbean, Is The Beach Villa Retirement Dream Attainable?
There are hundreds of wonderful places to retire on a budget, but some are much easier to move to and settle in than others. Before jumping in.
-
The Car Accident, The Root Canal and The New Job Opportunity That Changed My life
2013 was a year in transition. From car wreck, to root canal and finally new opportunities. An opportunity of a lifetime beyond the door.
-
How to Manage Your Money in College While Living Your Best Life
How to Manage Money In College while Living Your Best Life. From Budgeting, to Saving, to Travel and Investing. On Campus Hack.
-
How to Improve Your Resume Profile With Your Own Linkedin Address
One of the easiest ways to add an ounce of professionalism is to customize your public profile URL. Follow this step by step way to edit your public profile URL. Goal: Instead of saying linkedin.com/in/23679523965; it will say linkedin.com/in/yourname. It’s a great way to promote your brand and allow others to perceive your awesomeness. I guess it also helps in your search results and blah blah blah (insert important adult stuff). This trick let me drop a subtle hint to employers that I wasn’t the average candidate. Maybe later, I’ll draft an article on having the perfect résumé. I went from making $21k before taxes to $64k before taxes in less than…
-
How to Find an Affordable Home – Four Expert Methods that You Can Use
There’s more to buying a home than the selling price and interest rate. You can expect to pay anywhere from 2% to 5% of the purchase price in closing costs. For this reason, buying a home is not a very good short-term investment. Common closing costs (which will pop out of nowhere) include application fee ($$$), appraisal fee ($500+), attorney fees (if you need it), property taxes (because Uncle Sam and the Cheetoh), mortgage insurance (cuz we can't have nice things), home inspection ($250+), first year homeowner’s insurance premium (making it rain), title search ($$), title insurance, points (prepaid interest), origination fee, recording fees and survey fee. Just throw about…
-
Living Paycheck to Paycheck: Why Financial Literacy Matters Now More than Ever
Financial Literacy is among the major complaints of this generation. You can’t go one day without seeing a budgeting meme, a broke meme, or the classic running away from bills meme. People are fleeing the country to avoid paying student loans, it’s getting pretty nuts out there. (Sallie Mae needs to invest in retrieval squads) Student Loan Default rates are heading toward 80% by 2024 On top of that, our social circle Twitter pundits are quick to mention that this wouldn’t have happened if they taught this in school. On the flipside, I’m wondering if the teachers are complaining about not having enough money, budgeting issues, and not understanding the terms…
-
TNFG Weekly Chapter 9: Doing all the Right Things the Wrong Way
TNFG Weekly is a dose of my favorite nutritional content and nuggets that’s worth indulging. Sharing Financial Wholeness through Mindset, Articles, Spirituality, Health, Food, Fitness, Books, and etc.
-
How to Read in a Digital Age
“The Purpose of Reading. The purpose of reading is to connect the ideas on the page to what you already know. If you don’t know anything about a subject, then pouring words of text into your mind is like pouring water into your hand. You don’t retain much.” Donald Martin, How to be a Successful Student, 1991 Print as a Medium is Dead I remember seeing the class title, Reading Comprehension throughout middle school and maybe some of highschool. I never understood why they didn’t call the class, English Literature, or just “Reading”; now I know. Reading comprehension is the intentional act of engaging with what is being provided by an author. It’s not enough to…
-
How to Beat Money Trauma. A Guide For those that Worship Money to those who Avoid Money
Stop Counting Other People’s Money. Beating The Need for Stuff and the Urge to Flaunt Last Friday, I was duped into a coffee meet-up with a financial advisor. Instead of a cold call; like some sort of supervillain, he revealed that this was a cold meetup. The betrayal was indeed real. The experience ended up burning a significant portion of my day off. I was left with two takeaways. One, always ensures that there is a firm purpose if someone wants to link up with you. If there isn’t a Return on Investment (ROI), it’s a waste of your time. Once you reach 30+, “me time” becomes a precious commodity. Secondly, always have a firm…
