How do you manage your money?

Question

Do you pay for everything with credit? Do you track your expenses? Do you save? Do you have a retirement plan? Would you consider yourself financially healthy?

Answer

I'm a server and started using the envelope system with my tips and it helped so much! We pay most of our bills in cash, so every night after work I put some money towards the bills for that month (one envelope for each major bill) then I put some aside to put into my bank account and the rest I keep in my wallet for every day stuff. It really helped me get on track and helped me get the bill money in advance instead of last minute and my bank account grew a lot too 😊

Answer

1. Dave ramsey
2. Budgeting
3. A lot of people are all about credit cards but it's too tempting when times are hard to lean on...Idon't have credit cards... If I don't have the money I don't buy it.
4. Throw everything at debt... all extra $... I've paid off both cars and over $100,000 in student loan debr.. currently only have debt with mortgage and husband's student loans.... our house and mortgage is large, but we will likely pay it off in 15-17 years when it's a 30 year loan ... saving us almost 700k
5. I also have moderate investments... 401k, Roth IRA, Rollover IRA, a modest stock profile, life insurance... once debt is paid much more down our investments will become much more aggressive
6. We're considering a 529 plan for baby's college and a few other tax and savings things but we're waiting for my husband to graduate next year and get a higher paying job
We're not wealthy by far, but am pretty happy with where we are financially

Answer

I pay for my expenses with my CC (travel rewards card) and pay my bill in full every month. I budget for my monthly expenses and use Qapital to save for small items like (new shoes, special dinners, event tickets).
I have a 401k, Roth IRA and several broker/investment accounts that I trade with. I save 20% of my paycheck for emergencies (once that goal is hit, I’ll save for a house). I save money for travel as well, about 100$ a month. 
I’d consider myself fortunate and working to get better at my financial health! Personal finance is really important and debt is terrifying to me! But I tend to over spend on my budgets occasionally 🤦🏼‍♀️🙈

Answer

I track my spending daily save each paycheck and each paycheck I right down the amount when I’m getting it draw pointing arrows out to my expenses I need to pay how much I’m saving and how much I can spend with that check

How do you manage your money?

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