All posts tagged: budgeting

Couple Barely Making Ends Meet Even With A 5 Mortgage

Couple Barely Making Ends Meet Even With A $425 Mortgage

[ad_1] The American economy is so good, according to all the usual indicators, that it can be difficult for some to believe that so many are struggling. But the situation that one couple on Reddit is facing puts the problem in stark relief because, by all measures, they should be breathing super easy. The dual-income couple is barely making ends meet despite having a $425 mortgage. For most of us, the very idea of a $425 mortgage alone probably sounds like a dream life — and an impossible one at that.  Housing costs have soared exponentially since the 2008 recession and even more so since 2020, which means the current average mortgage payment is a staggering $2,883.   RELATED: 9 Items That Were Affordable 50 Years Ago That Now Only Wealthy People Can Buy So, by what arcane wizardry did this couple end up paying just $425 a month? They bought it from an elderly family member 10 years ago for a bargain basement price and fixed it up. And just to twist the knife further, the Redditor says …

‘Every penny has a purpose’: the rise of zero-based budgeting | Money

‘Every penny has a purpose’: the rise of zero-based budgeting | Money

[ad_1] Each month 20,000 people tune in to watch 27-year-old Beth Fuller work out how to spend her salary. For a year and a half she has, on payday, opened a spreadsheet and written out in granular detail what she will owe in bills, exactly what she wants to do in the weeks ahead, how much it will cost and how much she intends to save. She recently started sharing all the figures on TikTok, to a surprisingly rapt audience. Doing this has helped her clear £8,000 of credit card debt and finally feel on top of her finances. “Every penny has a purpose,” says Fuller, a digital product manager from Newcastle, quoting the mantra of the near evangelical followers of “zero-based budgeting”. This method of meticulously tracking spending and saving began as a business accountancy technique, credited to Peter Pyhrr, an accountant in the 1970s. Instead of basing your budget on previous years, you analyse each expense to see whether it still justifies allocating some of your funds to it. Zero-based budgeting has since …

Introducing Money, Meet Meaning

Introducing Money, Meet Meaning

[ad_1] What can our spiritual traditions teach us about money? As it turns out, a lot. In this powerful debut episode, co-hosts Tom Levinson (Jewish) and Amber Hacker (Christian), along with guest Eboo Patel (Muslim), swap practical takeaways for our financial lives – taken straight from the stories of their respective religious traditions. Along the way, they discover a surprising amount of overlap. Plus:  Eboo gets Tom and Amber to share their “religion and money” origin stories  Eboo the Godfather? How Money, Meet Meaning came to be Find out what The Notorious B.I.G. and the Talmud have in common Eboo Patel is the Founder and President of Interfaith America, the leading interfaith organization in the United States, and was named “one of America’s Best Leaders” by US News & World Report.  Check out Eboo’s podcast, Interfaith America with Eboo Patel, and follow him on LinkedIn and X.  Follow us on Instagram, LinkedIn, and Threads, and share your thoughts with us by emailing [email protected]. [ad_2]

Couple Shares Their Money Saving Hack For Eating Out

Couple Shares Their Money Saving Hack For Eating Out

[ad_1] With the economy in a bad place and so many struggling financially, people are cutting corners wherever they can. Many have chosen not to go out to eat anymore, while others attempt to do so in the most budget-friendly way possible. One couple shared the controversial yet effective way they save money when they go out to eat. As the cost of living continues to rise and salaries stay stagnant, people have become more innovative to make ends meet. As TikTok creator Hadassah Moore said, “Gotta save money somehow.” She and her partner shared an interesting hack they use to save money when they eat out at restaurants. RELATED: Woman Reveals How She Only Spends $90 On Groceries A Year By Dumpster-Diving For Her Other Needs “Our money-saving tactic is sharing one refillable drink when we go out to eat,” Moore said. In a video filmed at The Diner in Sevierville, Tennessee, Moore and her partner can be seen sitting at a table that has one coffee cup. Her partner picks it up and takes a sip, …

iOS 17.4 can automatically add Apple Card purchases to iPhone budgeting apps

iOS 17.4 can automatically add Apple Card purchases to iPhone budgeting apps

[ad_1] Update your iPhone if you haven’t already because iOS 17.4 is now out. The latest iOS update was released on Tuesday and with it comes new emojis as well as other tweaks and updates to the iPhone. Most of the updates with iOS 17.4, however, are EU related as Apple makes changes pertaining to new regulation called the Digital Markets Act. But, perhaps one of the biggest changes that comes with iOS 17.4 is a new addition: Apple has added a brand new API called FinanceKit. What does FinanceKit mean for iPhone users? FinanceKit allows third-party app developers to safely access and interact with users’ Apple Card, Apple Cash, and Savings with Apple account information. This integration enables users’ preferred iPhone budgeting apps to pull transactions and balances from user accounts directly into these applications. Budgeting and money management apps Copilot, Monarch, and YNAB are the first three to deploy FinanceKit-powered features that pull this information automatically into a users profile. Tweet may have been deleted “The most requested credit card integration is now …

Woman With 30k In Credit Card Debt Is Not Willing To Eat Rice And Beans To Pay It Off

Woman With 30k In Credit Card Debt Is Not Willing To Eat Rice And Beans To Pay It Off

[ad_1] A 30-year-old woman named Kate Hindman has admitted that she refuses to break herself down by working multiple jobs and depriving herself of meals just to pay off all of her debt. In a viral TikTok video, Hindman attracted a lot of advice regarding her credit card debt and she kindly explained why she won’t be following any of it. She refuses to eat rice and beans or work three jobs just to pay off her $30,000 credit card debt. Hindman, who lives in Los Angeles, revealed in a December 2023 TikTok video that she had accrued $30,000 in credit card debt after the pandemic. She explained in the video that before the pandemic, she and her husband would usually have $2,000 on their credit cards at any given time, but they were constantly making payments. “Our monthly payments were $100 a month, and it really didn’t make or break us,” Hindman recalled. “Then the pandemic happened, and my husband lost his salary.”  RELATED: Frugal Stay-At-Home Mom Finds Out Her Husband Has Been Spending $1,000 A Month On Phone Games …

The 1 Costly Mistake Too Many People Make When Going On Holiday

The 1 Costly Mistake Too Many People Make When Going On Holiday

[ad_1] Trying new restaurants, visiting world-famous attractions and enjoying a nice hotel room are some of the best parts of a vacation. They’re also things that tend to cost money. And if you don’t pay attention, you can easily fall into the trap of spending too much during your travels. It’s the one mistake many travellers often make when going on a trip. “‘Vacation mindset’ can be to blame for overspending on vacation,” Julie Everett, a senior financial coach at Financial Finesse, told HuffPost. “The excitement of doing something other than your usual day-to-day can cause you to lose sight of the long-term consequences of spending more than you can afford.” Countless people prioritise travel as part of their lifestyle, and there’s nothing wrong with spending your hard-earned dollars on travel ― within reason. “Vacations are meant to be enjoyed, but spending recklessly while away can have lasting consequences on your financial standing,” said Courtney Alev, a consumer financial advocate at Credit Karma. “Do the work before you plan and head out so you know …

The No-Buy Challenge: What You Should Know

The No-Buy Challenge: What You Should Know

[ad_1] For Grace Nevitt, the new year kicked off with a no-buy challenge. “I felt like my money was kind of just leaking out in random places. I was … looking at my statements being like, ‘OK, where did all this money go?’” she said, adding that it was “time to just start fresh and try something completely crazy.” Nevitt, a New York City-based swing, or alternate, for a Broadway show’s wardrobe department, only bought things that were a “complete necessity” in January. Aside from allowing herself to have two takeout meals per week, she will only spend money on essentials like groceries, toilet paper and bills and will only replace her everyday necessities when they run out. Nevitt is one of many that have tried a restrictive no-buy or no-spend month. If you have been on TikTok lately, you have likely seen people talking about their “no-spend January,” with thousands of people having watched their journeys. Rebecca Sowden, a commissions analyst in Corona, California, was one of those TikTokers. After Christmas, Sowden said she …

Are you ‘loud budgeting’ or ‘doom spending’? Finance according to gen Z | Life and style

Are you ‘loud budgeting’ or ‘doom spending’? Finance according to gen Z | Life and style

[ad_1] If there is one subject the US education system bungles more than sex ed, it’s financial literacy. I never once learned about insurance, credit card debt or what a 401(k) is. The only lecture I remember getting on the topic of money came from a gym teacher who, while going through a divorce and midlife crisis, thought it wise to show a group of eighth graders how to float a check. A useful skill, maybe, except that no one uses checks any more. Unless you have an accountant parent – or a trust fund – you might learn about investments, budgeting and taxes from strangers online. A Forbes Advisor survey conducted last year found that 79% of Americans between ages 18 and 41 hit up social media for financial advice. It’s a particularly booming business on TikTok, where professionals dole out lessons on personal finance. (One hopes these content creators are professionals; some are former finance majors and self-help authors, while others simply market themselves as guides.) Gen Z has rebranded the historically dry …

Yelp adds AI summaries, budgeting tools in push to aid businesses

Yelp adds AI summaries, budgeting tools in push to aid businesses

[ad_1] Yelp, the leading business reviews platform, has just introduced its Winter product release, adding more than 20 new features that enhance its artificial intelligence capabilities. The features help businesses reach more customers and optimize their spending, building on Yelp’s previous AI innovations that focused on user and business needs. The announcement comes amid a surge of interest in artificial intelligence and large language models, which have been adopted by various industries and brands, including Yelp, to improve their products and services. Yelp said it would continue to invest in its AI technology and offer more features in the coming months. “We’re continuing to double down on new product updates that harness our rich, trusted content to elevate moments of discovery and inspire even more meaningful connections. With recent advancements in AI, you can expect to see us further leverage LLMs to ease the discovery experience, facilitate more seamless connections with service providers and help local businesses succeed,” Craig Saldanha, Yelp’s chief product officer, wrote in a blog post. How is Yelp using AI? In …