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Mastering the art of salary negotiation can significantly enhance your earning potential and strengthen your financial position. Start by researching to understand the... Continue Reading
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Your Household Financial Wellness Check-in: 5 Practical Steps to Stay on Track
Whether you’re married, partnered up, living with a roommate, have adult children or have family living with you, if you share the same roof, you are, in some way, responsible to contribute to the household.
According to a Harris Poll from Bloomberg, 45% of US adults aged 18-29 are living at home with their parents.
On top of this, nearly half (47%) of the Sandwich Generation are supporting a parent 65 or older, as well as children of their own.
A regular household financial wellness check-in involving every accountable person is a practical way to get on the same financial page and leverage everyone’s talents to get the best outcomes. (And to potentially avoid arguments and miscommunication.)
The best laid financial plans for a household needs the collaboration of every member, rather than each person working individually on financial matters.
This isn’t to say you need to blend everything as soon as you live together…
What’s the 50/30/20 Budget Ratio? A Simple Way to Set Your Budget
The need for a new budget can arise from many different causes.
Recent graduates and those who just made a major financial decision (ie. purchasing a new home) are normally faced with a new financial landscape.
When you’re introduced to a new financial reality, grounding yourself with a realistic budget can help you start off on the right foot.
No two people are in the exact same financial situation. Specific needs necessitate different levels of minimal spending.
That’s why budget ratios are a good idea; they set universal budget percentages that can be broken down further according to your highly specific needs.
Budget ratios serve as simplified guidelines for setting a budget – and the most commonly suggested one is the 50/30/20 budget ratio. Let’s take a look…
Today’s Affirmation
I let go of any fears I have about money. I trust in my ability to use credit cards responsibly without overspending. I believe in my capacity... Continue Reading