Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Rob Phelan"


5 mentions found


I'm a high school teacher, and I see parents spend way too much on school supplies all the time. Many states have tax-free weekends, and many stores schedule school supply sales for those weekends. As a high school teacher, I often see families overspending and wasting money. Have your school supply list handy as soon as it's released, and pick up the items on sale when you find them. Check with your school for support programsIf money is tight (and even if it's not), check with your school and community to see if there are support programs for school supplies.
Persons: I'm, , there's, it's Organizations: Service, Walmart, Girls
Kids develop habits around money early, so we give our 3-year-old an allowance of $3 a week. We choose not to tie his allowance to chores to avoid turning chores into an optional thing. When I started reading books by authors such as Clifton Corbin, Beth Kobliner, Doug Nordman, and Ron Lieber about how to teach kids money concepts, I was shocked by how early they recommended starting. To me, an allowance gives my 3-year-old son the chance to practice handling money and make his own decisions about how to use it. As soon as he has the money to buy the item, we ask if he still wants to buy it.
My partner and I have already planned for what would happen if one of us lost our job. We started by getting rid of as much debt as possible and reducing our fixed expenses. Reducing our debt load, bills, and subscriptions meant there were fewer fixed expenses to worry about if our income levels dropped. The biggest shift for us was making our needs significantly less than our take-home pay. At the time, this represented 25% of our take-home pay and when it ended during the pandemic, it was a big hit to our finances.
My wife and I had about $20,000 of student loans and car debt when we got married. We decided to use the debt snowball method to pay it all off but realized we needed to earn more. 15% of our take-home pay was going to student loans and car payments, and we were just paying the bare minimum. Our student loan debt was a collective $12,000 and the rest was car debt. Having seen the debt snowball and debt avalanche methods laid out, we opted for a snowball approach to take advantage of the early wins for motivation.
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Annual Percentage Yield Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. 3.11% APY Minimum Deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. $0 Annual Percentage Yield Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. $0 Annual Percentage Yield Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Total: 5