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.
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How to Invest In 2024 So We Can Catch Flights Not Feelings
Staying on top while we invest in 2024. Catching flights not Feelings!
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How to Kick-Off Your Wealth for the New Year
Coming off of a rough 2022 and a stellar 2023, we are going right into 2024. While the mental kick-off was slow, it's a relief to have at least one month of solid stock performance to set the tone. 2024 should be challenging but solid.
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We Paid $200,000 in Debt. Here are Some Wealth Tips
Sounds crazy but It's true. We were able to pay $200k in total debt repayments in 1yr. Here's our best advice for married millennials.
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The Main Reasons You Will End Up Broke in Retirement
Having a lot of money in retirement savings is no guarantee it will last the rest of your life. One of the worst things about my job is watching retirees make mistakes in their retirement plans. We recently met with a family that came to us after managing their finances during their lives like most families. They brought this retirement plan to us, and it showed that they had roughly $1.3M at the time of creation. Fortunately, they weren’t doing poorly by any means. They were puzzled because they were great budgeters, so the common culprit—overspending—was not the issue this time. What created such a change in their trajectory? In this article,…
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With 90% Growth in 2023? How to beat the S&P with this Investment Portfolio
The Neighborhood Finance Guy writes about financial literacy topics: Financial Planning, Budgeting, Millennial Money Management, Investment Portfolio Strategies, Retirement tips, and more. The goal is to help you make effective decisions and set S.M.A.R.T+E.R. goals with your money. The information is free but the struggle is not sold separately. And, if you are into this sort of thing; the blog is PLUTUS nominated, I studied Accounting with a Specialization in Taxation, served in the US Marine Corps and now work as an Auditor. I’m also big on Traveling and watching Anime. While often confused with Savings, Investing yields more rewards Based on news reports, the economy narrowly avoided a true…
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How to Bring in $24k of Passive Income by Q4 2023
Reviewing The Neighborhood Finance Guy's (TNFG) not so passive income and what generated $24,000 through 2023. Extra Money is Good Money! With the market slowing through 2025, time to get creative and earn more before the next super cycle.
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Here’s The Simple Guide to Build Wealth Every Decade
Start by considering every decade of your life, as compounding seasons that lead to wealth. While stock market volatility, unemployment numbers, and CPI aren’t at the top of the societal conversation, they are important context clues on managing your money. If financial experts say that we are heading toward a downturn, it should be a mental note about your savings or lack thereof. When times are great, that’s where you should plan for when times aren’t. This doesn’t imply that you can’t enjoy the moment, however, it’s a reminder that all good things may not last forever. With the possibility of recession looming, instead of being anxious, consider your time…
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Millennials will need nearly $190,000 annually to survive 2060
Nothing erodes Wealth faster than Inflation. If the cost is $73k in 2022, it will explode to $190k by 2060. Are you making the adjustments?
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How to Build a More Secure Financial Future in 2024
Coming off of 2020-2021 with $200k net worth increases year over year, the market slowed drastically for 2022 and 2023. We're Tracking Still Growth over Losses.
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How We Created $30k Wealth Investments in December
Early December Santa Claus helped to sweeten 2023. Our stock performance bumped up 28% and our net worth followed.
