Almost everyone who is 'good with money' shares a common trait....
- Thread starter Axolotl
- Start date
25YOUTHS!!
Superstar
Where you at that tomorrow is the 31st? 
channelblond
Banned
You should have 3-6 months of expenses saved up
Buy your next car without financing it
Pay off your credit card bills in full each month
Take advantage of financial crises, and extend credit at tough times
Fund your 401(k), IRA, HSA, whatever, to the fullest
Pay your insurance premiums in annual installments
I could keep going......
Buy your next car without financing it
Pay off your credit card bills in full each month
Take advantage of financial crises, and extend credit at tough times
Fund your 401(k), IRA, HSA, whatever, to the fullest
Pay your insurance premiums in annual installments
I could keep going......
Disgustya Stallone
Man Who Owns 2 Microwaves
Nah, spend yo money like money ain't sh*t
PaperEnterprise
It's the inner strength..
Ill assume he copy and pasted this on the 30th and clicked create thread todayWhere you at that tomorrow is the 31st?
Taadow
The StarchBishop™️
This nikka's in the past
Broad Street Bully
Sick & Tide Sixers/Phillies/Cowboys fan smh
if only this were possible. I’d be a fukkin millionairelol damn a brother made a typo, im humanWhere you at that tomorrow is the 31st?
Are you?lol damn a brother made a typo, im human
Are you?
YamakaSmacker
Banned
Nah. I don't budget, I just don't buy stupid shyt (often). I make enough where most would grab a luxury car, cookie cutter colonial and shop at bloomingdales. Instead I have a Subaru, a home, and wear clothes from target (a couple nice pieces thrown in)
I'm also single w/ no children
I'm also single w/ no children
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Heafcliffe
Hope there's puddin' in the clink...
Working in finance; would recommend the following (if possible):
1. Upon receipt of every check, set aside a certain percentage and don't deviate (make it a habit); creates 6-month worth of expenses
2. Typically received 2 paychecks per month (24/ year), so split the mortgage pymt between the 2 checks in order to cause less of a burden
3. If you get paid every other week, that means you get paid 26x a year, so, therefore, you receive 2 extra checks (ie. 26-24= 2) throughout the year to possibly invest/save.
4. Car note? Look at #2
5. If your car note is, for example, $187/ month, try to pay $200 (a $100 per check). Over time, you may be able to pay off car relatively quicker
6. Conduct all merchant transactions with a credit card: increasing cashback reserves and, subsequently, building a pseudo-emergency fund at a "remote location"
7. With every credit card purchase, move that purchase amount from your checking to your savings, so, at the end of the month, you can move the full amount back to checking and pay it off entirely
8. Lower your adjustable gross income by funding your 401(k), IRA, HSA & max them out
9. Flip items (via "OfferUp, Letgo, eBay", etc.) and save/ invest the money. Look at the earnings as extra money. $ you never had so no need to spend off rip.
10. After you take care of your "allocations" (#1, 2, 4, 7), you now know how much money you have to "play" with until the next check.
DELAYED GRATIFICATION is the key!
First ones that come to mind....
1. Upon receipt of every check, set aside a certain percentage and don't deviate (make it a habit); creates 6-month worth of expenses
2. Typically received 2 paychecks per month (24/ year), so split the mortgage pymt between the 2 checks in order to cause less of a burden
3. If you get paid every other week, that means you get paid 26x a year, so, therefore, you receive 2 extra checks (ie. 26-24= 2) throughout the year to possibly invest/save.
4. Car note? Look at #2
5. If your car note is, for example, $187/ month, try to pay $200 (a $100 per check). Over time, you may be able to pay off car relatively quicker
6. Conduct all merchant transactions with a credit card: increasing cashback reserves and, subsequently, building a pseudo-emergency fund at a "remote location"
7. With every credit card purchase, move that purchase amount from your checking to your savings, so, at the end of the month, you can move the full amount back to checking and pay it off entirely
8. Lower your adjustable gross income by funding your 401(k), IRA, HSA & max them out
9. Flip items (via "OfferUp, Letgo, eBay", etc.) and save/ invest the money. Look at the earnings as extra money. $ you never had so no need to spend off rip.
10. After you take care of your "allocations" (#1, 2, 4, 7), you now know how much money you have to "play" with until the next check.
DELAYED GRATIFICATION is the key!
First ones that come to mind....
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Constantly ask yourself, do you want to buy something or do you need it, as in life wont to exist if you dont cop something at t hat moment