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Search resuls for: "Spender"


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But instead, I've been buying index funds. And ... more index funds. I'm buying new stocks instead of splurging on stuffI'm no stranger to shopping or nights out and about. I'm investing little by littleInstead of spending $50 on drinks here, or $70 on dinner there (you guys, city life can be expensive), I'm buying stocks and index funds. For instance, in April 2020, I bought about $2,000 worth of index funds in three transactions.
Persons: I'd, we've, I've, , We've, spender, I'm Organizations: Service
Though some studies indicate that couples who combine finances are happier, many younger couples are opting to keep things separate. Here are eight reasons why couples should consider combining finances, and why this idea isn't as old-fashioned as you may think. The average interest rate for a savings account is 0.09% APY, though there are many online banks with savings programs that have a much higher interest rate. Communicate more up front about your financial goals and values with your current partner to make sure you're both on the same page." Combining finances from the beginning and having regular check-ins about your finances can prevent the surprises that lead to conflict.
Persons: , Amanda Clayman, Sherri Newpol, Clayman, Brian Face, spender, you'll Organizations: Research, Service, Prudential, Newpol Psychological
Our experts choose the best products and services to help make smart decisions with your money (here's how). My husband is a saver and I'm a spender, but in almost a decade of marriage, we've come up with five strategies that help us balance those impulses. We keep a budget and designate a certain amount of spending money for each month, and we review our bank statements and credit card bills together monthly. It takes effort, communication, and help from the best financial advisor, but we've figured out a way to make it work. I'll update him on freelance projects I'm working on and how much money I'm expecting to come in, and he'll highlight (sometimes to my chagrin) ways we've overspent in the last month.
Persons: spender, we've, , I'm, We've, it's, I'd, It's Organizations: Service
10'000 Hours/Getty ImagesIf you're using a debit card for everything you buy, you could be missing out on valuable perks and rewards. If you like to travel, check out travel rewards credit cards that come with benefits like airport lounge access, Global Entry or TSA PreCheck credits, or airline fee credits. Credit cards work best for consumers who are debt-free and able to stay that way. If you're thinking of making the switch from debit to credit, it's important to recognize the signs this could actually be a good idea. When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.
Lauren Lyons Cole is a financial planner in New York CityWhen she first meets a client, she asks them two questions seemingly unrelated to money: "What is your favorite Starbucks drink order?" But before we get into the financial minutiae, I ask two questions that have nothing to do with money, yet tell me more than a pile of bank statements ever could. What is your favorite Starbucks drink order? I ask many more questions during the meeting to get an accurate perspective on a client's approach to spending. But more often than not, the Starbucks question holds true.
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