Tag Page Budgeting

#Budgeting
IronIcarus

Shocking Truth: My Retirement Plans Were Missing This One Key Tool! 😱

I've been working in finance for over 30 years, and lately, I've been losing sleep over my retirement plans. I always thought knowing how much I had saved was enough, but now that retirement is near, I'm realizing I never really figured out how much I would actually need. All my coworkers talk about their investments and Social Security, but nobody seems to mention the importance of a real budget. I feel embarrassed admitting this, but I don't know if my savings will truly cover my expenses. The uncertainty is stressing me out, and I can't stop worrying about unexpected costs. Has anyone else faced this? How did you figure out what you really needed for retirement? I could really use some advice from those who've been through it. 🙏 #RetirementPlanning #WorkplaceAdvice #Budgeting #JobCareer #Career

Shocking Truth: My Retirement Plans Were Missing This One Key Tool! 😱
schmidtgeorge

You won't believe -- How many miles Wyoming drivers rack up and why it matters for your wallet

Most of us probably think we drive a lot. Well, the average American driver actually put about 12,200 miles on their car last year. That's a lot, but wait until you hear this. Turns out, where you live makes a HUGE difference. People in Washington, D.C. barely drove at all, averaging just over 6,600 miles. But then there's Wyoming. Those folks are putting in over 21,500 miles a year. That's triple what D.C. drivers do and almost double the national average. It's because Wyoming is so spread out, with hardly anyone living per square mile. They just have to drive everywhere. Here's the kicker though. Even with all those miles, drivers in Wyoming also underreport their mileage to insurance companies way more than anyone else. Like, 73% underreported compared to the national average of 44%. People in places like Missouri and Mississippi are doing it too. It's because your mileage affects your car insurance rates. More miles usually means a higher risk, so your premium goes up a bit. We're talking like $3 to $5 more per month for every extra 2,000 to 3,000 miles. It might not sound like a lot, but it adds up, especially with insurance costs going up so much lately. #CarInsurance #DrivingHabits #WyomingLife #RoadWarriors #MoneySavingTips #AutoInsurance #LifeHacks #FactCheck #Budgeting #Cars

You won't believe -- How many miles Wyoming drivers rack up and why it matters for your wallet
Betty Scott

the small win that felt big(2024)

By November I wanted something calmer and closer to what I’m good at. I’ve kept a family budget for fifteen years, helped two friends shake off credit card debt, and I like talking about money without making people feel dumb. So I booked the church classroom for two Saturdays, printed twenty flyers that said “budgeting, for real people—pay what you want,” and brought a box of Costco cookies. Seventeen showed up the first weekend. Twelve the next. We talked about “why” before “how,” then opened bank apps together and built a simple zero-based plan on paper. Nobody got a lecture. Everyone left with a first draft that could survive a Tuesday at 6 p.m. In the donation jar: $612 the first week, $408 the second. Costs were under a hundred bucks. Two people asked for one-on-one sessions at $150 each in December. It wasn’t flashy, but it felt honest. Across the year, after the flips and lawns and the flop and the car saga, this was the win that made sense. Teach what you already do. Price it simply. Keep the bar low enough that people actually walk in. Money followed, quietly. So did momentum. #Finance #MakeMoney #SideHustle #Budgeting #Community

the small win that felt big(2024)
Karen Winters

the lesson my son taught me about budgeting allowance

My son has a small weekly allowance. For months, I just let him spend it however he wanted — video games, candy, small toys. One day, he came to me worried: he wanted a bigger Lego set but realized he didn’t have enough. Instead of just giving him more money, I showed him a simple budgeting method. We divided his allowance into three jars: spend, save, and share. He tracked his spending, saw how much he needed to save each week, and eventually got that Lego set after a couple of months. What struck me wasn’t just that he learned delayed gratification — I realized the same principles could apply to our family finances. Automating savings, tracking expenses, and setting tangible goals makes even big financial targets feel achievable. And if a 10-year-old can grasp it, so can anyone. #Finance #Family #MakeMoney #Budgeting #FinancialHabits

the lesson my son taught me about budgeting allowance