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Tagged With "personal finance"

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Re: How did you get started working towards your financial goals?

Moore Income ·
"Pay Yourself First" was definitely a big one for me. Although it took me a while to fully grasp the concept. I started learning about it but was hesitant to apply it to my life. I got married last year which was a huge change for me but it also opened my eyes to my lack of financial knowledge and the need to get things under control. Fear was partially a motivator. The fear of getting further in debt and becoming another statistic. Fear of not being able to live a fulfilling life because of...
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Re: How did you get started working towards your financial goals?

BeckAtsila ·
I second "The Richest Man in Babylon". I do something similar to what you do--I get paid on Fridays and each Friday put aside a small amount of money into the Stash app--I'm saving up for a trip to Iceland. I work in the restaurant business and get free food and free coffee, which helps out with my grocery bill. Right now I'm concentrating on paying debt, but had to raid my emergency fund for this month's payment because my hours at work got cut due to road construction. I have several side...
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Re: How did you get started working towards your financial goals?

Briana ·
I love Stash! It's helping me save for my Greece trip right now too. I want to check out this "More for Less" cookbook -- I've been searching for something exactly like this so thank you for the recommendation! If you have any money-saving travel tips, feel free to share! I'd love to hear them =)
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Re: How did you get started working towards your financial goals?

KellyFromKeene ·
I went through a time where life just turned upside down, and I realized that I needed to make some significant financial changes. Its amazing how I was 'struggling' when there was 3 times the money I make now, coming into the house. I did a complete overhaul of my expenses and cut out what was not necessary. It was brutal, but good! I did 'no spend' months, set up several different accounts for savings, and budgeted. I got rid of all credit cards for 5 years and lived only on what I made. I...
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Re: How did you get started working towards your financial goals?

Bonnie Squires ·
I've $1,000 in the bank and each friday will add $10 to this. I've paid 2 credit cards off with my tax returns and I'm using the money from those monthly payments to pay off other credit cards I'm all so working on my website and selling flash cards,puzzles and other things like that to home school teachers. All so I'll be making candy wrappers. I'm all so looking into selling mugs my be other things. Most will be down loads so no going to the post office. This money will be used to pay off...
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How did you get started working towards your financial goals?

Briana ·
Learning about how to manage your finances is hard! Today, we are inundated with tons of personal finance content - do this, don't spend that - but what's the right advice? Where do we start? For me -- it's the whole "pay yourself first method," which is exactly what I've started doing to start building a savings (and travel fund!) Each paycheck, I'm intentionally depositing a portion of each check into my savings account - that I'm not allowed to touch. Instead of going out to eat numerous...
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Re: How did you get started working towards your financial goals?

Deon Christie ·
And a very effective way of saving @Briana . I do the same with regards to savings and emergency funds. But that is placed aside and cannot be accessed easily. I have saved up for many things this way, because I don't like accounts. Apart from mortgage, insurances and the really necessary stuff. But I never buy appliances, linen, clothes etc through accounts. You save quite a bit on interest costs this way.
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Do you talk to your friends about money?

Maryann ·
One of the best parts of this community is how open we are with one another about what's taking place in our wallets. You all have helped me think more deeply about my own financial decisions, and I'm so grateful. Curious — how open are you with your friends about your finances? Do you share your salary, debt or financial goals? Why or why not? For those of you who are achieving major financial goals (e.g. paying off student loan debt, increasing income), are you finding that you share more...
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Re: Do you talk to your friends about money?

lismox ·
I don't talk too much about money with my friends. When I talk about money with friends it's always more vague, not usually specific amounts. But I certainly think it would be helpful to be more open about money with my friends.
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Re: Do you talk to your friends about money?

Faith Harrison ·
No I dont talk about money with my friend
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Re: Do you talk to your friends about money?

sthom ·
I talk to my cousin and my sister, both of whom I consider friends. That's pretty much it.
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Re: Do you talk to your friends about money?

Former Member ·
I talk to my cousin and my sister, both of whom I consider friends. That's pretty much it. Yes
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Re: Do you talk to your friends about money?

Former Member ·
I don't talk too much about money with my friends.
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Re: Do you talk to your friends about money?

Veronica ·
I talk to my sister, my daughter, and husband only about savings and money. My daughter is a paid contractor for remodeling our home, so we discuss cost, etc. I don't talk money to friends, as to me it is not their business. I don't talk money to a lot of people, as it is in poor taste. I know people who are celebrities, or in highly paid professions who are millionaires. I know people who struggle with money and savings, and I may mention Dave Ramsey as a resource only to assist them with...
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Re: Do you talk to your friends about money?

KellyFromKeene ·
I have started talking about money with friends and family. After a divorce, cancer, and bankruptcy in the same year, i was proud of progress I made. Also, I feel like it’s important to break some negative stereotypes- I’m a single mother with a great human service job and a masters degree- and I’m receiving some form of welfare. I hear people speak despairingly about’ welfare moms’ and I have to speak up! This inevitably leads to a discussion about money. I’ve become more comfortable...
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Re: Do you talk to your friends about money?

JeremyM ·
We don't talk specifics, but we all kind of know each other's money situation. I have a good steady job that pays well and has good perks, but also have four kids so money is sometimes pretty tight. I have two best friends: "D" is single with no kids and makes more than I do, has a nice car and several bicycles upwards of several thousand each, he can generally buy what he pleases. "R" is single with no kids, has never had a steady job for more than a year or two, and they are usually menial...
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Re: Do you talk to your friends about money?

LeighofMar ·
I've gotten my mom more comfortable talking about money as she is from the generation where they didn't talk about money. My friends know that I am debt free and almost done paying off my house as that is a huge goal and very important to me, plus I will celebrate with them when it is finally paid off. We all have different types of jobs and circumstances, but money is an easy topic with us because we are friends no matter what our income level is. So we are able to laugh or commiserate with...
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Re: Do you talk to your friends about money?

Fredia Stills ·
No I don't talk to my friends are family about money are any problems I might have anymore.
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Re: Do you talk to your friends about money?

Arica ·
I am wide open with talking about money but only to a certain FEW friends who arent judgemental, jealous or assuming.
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Re: Do you talk to your friends about money?

AnnieB ·
I do not discuss finances with family and friends. Too many people think that they should try to hit us up for money as it is. We have had theft within the family.
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Re: Do you talk to your friends about money?

Arica ·
Oh AnnieB, that's awful. I cant imagine how hurtful it is that a family member feels like they need to steal from within the family. Entitlement? Resentful? Regardless, thats low.
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Re: Do you talk to your friends about money?

AnnieB ·
Said person decided to steal from funeral proceeds raised to help supplement what I was paying out of pocket. I have no contact with them now. I have since moved, they have not been told, and will never be welcome in my home.
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Re: Do you talk to your friends about money?

JoJoJennifer ·
I don’t discuss finances with friends either except in general terms. For example I mentioned to a co-worker that I have been accepting extra shifts for overtime as I am trying to pay down debt (mortgage and car loan).
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Re: Do you talk to your friends about money?

Fredia Stills ·
I never talk to friends about money not even family .
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Re: Do you talk to your friends about money?

redcatcec ·
I talk to a neighbor-who is a friend-she is full of advice on how to save money, specifically on home repairs. She has contacts that have paid off well and she shares the info including prices for services, sometimes we have used these contacts. As for other finances, it is don't ask, this is considered private. If the info is shared by her, then it is shared with my husband. For other friends that I have a common event with, we share things like ticket information and what is included in...
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What financial mistakes do you need to fix?

The Penny Hoarder ·
Hey, nobody's perfect when it comes to their finances – and that's OK. But with Financial Literacy Month on our minds, there's no better time than today to start learning about and finding solutions for common financial mistakes. How many of these mistakes do you make? Are there any not on the list? Related content from The Penny Hoarder: 5 Times You Need a Financial Adviser Study: Lack of Financial Literacy Means Less Income and Savings _____
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Re: What financial mistakes do you need to fix?

Tata ·
don't get me wrong i pay off my credit card in full every month. however i know that i am doing senseless spending. what i need to do is give myself an amount to spend in a month and when it reaches the limit I have to stop. easier said than done, never the less i am aware and will work at it...good luck to me 🙂
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Re: What financial mistakes do you need to fix?

sthom ·
Another thing I do is instead of pacing how I spend my personal cash allowance (for frivolities) for a 2-week period, I tend to spend it all right away. It's like I think I'm going to lose it or it's too hot for my pocket. Thank goodness I put money in savings first and don't violate my gas and grocery allowance fund. I'm a weakling with cash 🙄 .
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Re: What financial mistakes do you need to fix?

Angela Urbistondo ·
I learned that I should not allow my husband on my accounts. We should have kept separate credit cards. Turns out he shops, while I save, but now I have debt that I do not want. I am working on paying off and CLOSING those credit cards. Yes, he is aware and he understands. LOL We just have two different philosophies on spending.
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Re: What financial mistakes do you need to fix?

Eubie12 ·
My greatest regret is always having enough money to go out and play but not always enough to put into investments. A lesson I learned late in life, the magic of compounding, the 8th wonder of the world.
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Re: What financial mistakes do you need to fix?

irishnanny ·
don't know how to invest safely
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Re: New Member

Will S. ·
Welcome Raymond! Plenty of articles on ways to make money on The Penny Hoarder. Here's a link to get you started: https://www.thepennyhoarder.co...e-money/quick-money/ Is there anything you're interested in and able to do? That might help us share some ideas that would fit your particular situation.
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New Member

Raymond Justman ·
Hello ,,, I Am Johnny Cash ,,, no not really I have just always wanted to say that. on a more serious note , MY Name is Raymond Justman . I am a 59 year young man seeking ways to create an income to support my family. I used to work jobs for 10-12 hours a day that required heavy lifting, bending, walking, all while wearing steel toed boots safety glasses ,a vest , etc.... And then the ACCIDENT , it was a freak accident No One is really to Blame . except perhaps the owner of the screwdriver,...
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Re: New Member

Moore Income ·
Welcome to the community @Raymond Justman We look forward to seeing you around!
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Re: New Member

Big Lew ·
Welcome, Raymond to the community. I hope that you can find the help in which you seek.
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Re: New Member

Raymond Justman ·
Thank you all for welcoming me in the community. And to answer the question above from will S , i have always enjoyed fixing things , if i cannot fix it correctly and safely without spending money on parts , i might take whatever it is and make something else out if it ,that could be useful . Or if nothing comes to mind strip it down and put into inventory for when i need a certain piece , bolt , nut , switch , try to use whatever is there for something . I would like to invent something...
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Re: New Member

Will S. ·
@Raymond Justman What about handyman work? I know wherever I've lived I see a lot of requests for help with various household projects on the Nextdoor app and local Facebook groups. Also, buying and flipping items on Craigslist and Facebook Marketplace can be pretty lucrative if you have the time and knowledge to get started.
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Re: New Member

irishnanny ·
welcome to the community, i am learning a lot from the great people on this community Hello Raymond
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Re: New Member

Raymond Justman ·
Well funny thing for you to mention that . I certainly wouldn’t mind landing a maintenance job at an apartment complex or houses . but i don’t know much ,nor do i care to about carpet . Except for the fact it is heavier than i want to deal with . And i am not Certified in anything . I can do the same work safely . And i was using marketplace quite frequently before i my car refused to work anymore regardless how much attention i gave it . She was high maintenance but i am not a magician .
Survey Featured

Who is your favorite personal finance guru?

The Penny Hoarder ·
Personal Finance Gurus You Should Be Taking Advice From We're all looking for a little advice on how to best take care of our finances now and into the future. Outside of hiring a professional, many follow the wisdom of long-established money gurus. From over-the-top TV personalities like Jim Cramer to best-selling authors like Suze Orman and self-made billionaires like Warren Buffett, who's your go-to personal finance expert? Related content from The Penny Hoarder How to Plan for Retirement...
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Re: Who is your favorite personal finance guru?

Cindyloo ·
I am My favorite personal finance Guru/Specialist! If a Famous one has to be chosen it would be Dave Ramsey. I love his honesty, Spirituality, Concern and Humor!
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Re: Who is your favorite personal finance guru?

shelia Wright ·
I have always been my own financial guru. I began investing regularly by age 24. Before then I had c.d.s, stock, and savings account. I always talked w/ people who were successful investors, most of them were plain Janes and Joes. I always made friends of my bankers, and were told many times that I should have been an investment advisor. Investing for me was so easy I did not understand why any one would pay money for some thing that was so easy to do all by them selves. And generally there...
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Re: Who is your favorite personal finance guru?

sthom ·
I think David Bach, Automatic Millionaire , was my starting favorite. I also liked Joe Domingo and Vicky Robin's book from years ago that's popular again. Through the years, I would read pretty much anything personal finance-related, including from some authors listed in the survey. Now, however, my best resources are all online, the Penny Hoarder, being one of them.
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Re: Who is your favorite personal finance guru?

Dear Penny ·
Uncle Warren all the way!
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