#finances

[feminineinvestor]

[incognitopolls]

We ask your questions so you don’t have to! Submit your questions to have them posted anonymously as polls.

[rawhoneybliss]

This summer will be a financially satisfying time for you. You won't have to worry about not having enough money. You will have more than enough money to enjoy your desired experiences. You will be able to see new and beautiful places without the burden of stressing over money. You will eat the foods you want to eat and go on all the adventures that call out to you. You will enjoy all the luxuries this summer has to offer you, and money will never be a factor. Claim it.

[prettieinpink]

BUDGETING + SAVING MONEY FOR TEENS 𐙚

For many of us, we are entering an age when we can work casual jobs such as retail or fast food. It’s not a lot of money that we receive, depending on how often you get paid, but it can go a long way in the long term. 

In this post, I’ll be discussing how to budget for your needs/wants and save money for future goals. 

CREATING GOALS, you may want to save a certain amount of money in a time frame, want to make a big purchase (like a car) or buy everything off your wishlist. It is entirely up to you what your goals are, so I can’t say too much. However, the more specific it is, the better.

HOW MUCH? Determine how much money you need to save to achieve your goal. In total, and monthly. 

There are three types of saving goals that may apply to you;

Short-term goals >1 year (outings, latest gadget, buying your cart)

Medium-term goals 1-2 years (road trips, shopping spree)

Long-term goals 2-4 years (higher education, car)

It’s very important to set a realistic time frame, as teens we don’t get paid much and we also don’t work as much. You don’t want to overwhelm yourself as well, as it takes patience and self-control to achieve these goals.

NO LOOONG-TERM GOALS! This may sound aggressive, but any money that just sits in your account for years on end is dead money. Even though the amount of money is increasing, its value is slowly decreasing. Keep your goals achievable within a time frame of less than four years. It's much more useful if this money is put into some type of investment instead. 

CREATING A BUDGET

Calculate how much money you receive every month, and how much money you spend every month. 

You have two types of expenses. Fixed and variable. Fixed are any expenses required in your day-to-day life or it’s an amount of money that doesn’t change e.g. subscriptions or transportation costs. Variable costs are expenses that may fluctuate, like food, or any other recreational activities. 

Record the average you’re spending monthly with these two categories. 

There are many ways people choose to budget, but you have to choose a system that works for you.

Work out how much money you need to save each month to achieve your goal.

However, for anyone who’s starting in budgeting, I would say to allocate your costs using a percentage system. Your percentages for each category are going to differ from mine; e.g. 60% = savings, 20% = wants, 20% needs. Make sure it reflects the end goal. 

Track your progress. This is the major part of budgeting, you want to be recording and regularly reviewing how much money you’re spending and comparing it to how much you’re earning. It allows for space to reflect on the flow of your money like if some purchases are worth it, if you’re impulsively spending, or if you’re frequently withdrawing money from your savings. 

Adjust if needed. Maybe you want to put more money in savings and less into wants, or you want to put more into wants and less into needs. 

SAVING TIPS

SAY NO! This is probably my biggest struggle at the moment, but say no to things that will cause you to go off track. Whether its outings, getting fast-food or anything similar, say no. You have to be firm with your financial boundaries, as these opportunities will always arise again. 

RESTRICT IMPULSIVE SPENDING. We all have our moments when we see a product and we instantly think ‘I’ve got to have this’. Giving in once or twice is okay, but it shouldn’t become a habit at all. Its unnecessary spending (most of the time!) and leads to buyers remorse. 

IS IT WORTH IT? Always remember to work out which products you’re getting the most value out of. 

PAYING FOR THE NAME, a lot of brands will cut down on quality to save a few dollars, so essentially the customer is only paying for the name of that brand. Just because a store is more expensive, doesn’t mean its better.

[theonion]

Warning that their sudden desire for a new sports car could leave you completely broke, many financial experts now recommend setting aside an emergency fund they can bilk you out of, reports confirmed Monday. “Many Americans are completely unprepared for a rainy day, and ideally you should have three to six months of salary for us to swindle from you,” said investment consultant Curtis Haberlin, who warned that even if you think you don’t need it, an emergency fund of at least $20,000 is essential to have on hand due to the unforeseen expenses and desires of financial experts.

Full Story

[study-diaries]

Study Trick That No One Told Me.

Division of subjects:

Every subject is learnt and graded in a different way. You can't use the same study techniques for every subject you have. You have mostly 3 types of subjects:

Memorization based

Practical/Question based

Theory/Essay based

Memorization based:

Mostly Biology, Sciences, Geography etc are fully based on memorization and so you'll use memory study techniques like flash cards and active recall.

Practical/Question based:

Maths, Physics, Chemistry, Accountancy etc are practice subjects. The more you do your questions and understand how a sum is done, the better you can score.

Theory/Essay based:

English, history, business studies etc are theory based. The more you write, the way you write and the keywords you use are the only things that will get you your grades. So learn the formats and the structure on how to write your answers

Note: Some subjects are a combination of the three. Like Economics etc

The reason we divide the subjects is because you can adopt the right study methods for the right subject. Like ex: business studies is mostly based on how you write your answer and the keywords, if you're gonna spend your time memorizing in this, it's a waste of time and energy.

Hope this helps :)

[hope-for-the-planet]

From the article:

For Brother Xavier Boutiot, treasurer of a Benedictine abbeyin central France, pulling the abbey's investments from fossil fuels was an obvious step. Committed to the “Green Church” initiative for four years, the Olivetan monks aimed for consistency in all aspects of their community life. “Financial investments have an ecological impact that is 25 times greater than our daily actions!” emphasized the treasurer. To embark on this ecological and financial transition, the abbey had to scrutinize its investments, which was not straightforward. “The financial world is so opaque for basic investors like us, who don’t have access to all the information,” explained Boutiot. “We called our banks that were not on board with this direction, explained our reasoning, and applied some pressure by saying, ‘Either you support us in this approach, or we’ll switch banks.’” [...] The reasons to divest from fossil fuels are not only ethical but financial: the International Energy Agency predicts fossil fuel use will peak before 2030 and then decline. Religious institutions, managing $3 trillion globally, have divested from fossil fuel companies more than any other sector, aligning their investments with their values.

[pratchettquotes]

Hour after hour, it went on, with a patience that at first terrified and then bored. It was the warfare of clerks, and it harried the enemy through many columns and files. Moist could read words that weren't there, but the clerks found the numbers that weren't there, or were there twice, or were there but going the wrong way. They didn't hurry. Peel away the lies, and the truth would emerge, naked and ashamed and with nowhere else to hide.

Terry Pratchett, Going Postal

[emmastudies]

Free Intentional Spending Tracker for Notion

It's Day 8 of the 12 Days of Giving!

Track your wishlist and fill in details to help make more informed decisions regarding your purchases. Comes with an comprehensive way to categorise your wants & seeing the impact on your budgets. Whilst this has budgeting features, it's more about how you're spending and making sure those purchases are considered. Features include:

spending goals for 2024

active wishlist & watching space

detailed digital wishlist and budget impact

wishlist categorises & year budgeting

pre-populated dates with calendar view for revisiting items after "cool off period"

gift gifting ideas (by idea, rather than recipient for more intentional gifting!)

recipient database

Download Free Here

Check back in each day for a new free item! Hopefully they're all useful and a fun way to end the year 🥰🎁

[feminineinvestor]

[incognitopolls]

We ask your questions so you don’t have to! Submit your questions to have them posted anonymously as polls.

[rawhoneybliss]

This is your sign. You will manifest the money you need to meet your monetary needs and make your desired shifts in life. The money is on its way to you, and quicker than you think. Give thanks for its arrival now.

[tumbler-polls]

[theonion]

Smugly muttering “watch and learn” as he opened his Chase app and pressed the “pay balance” button, local genius Todd Garett reportedly outsmarted his bank Monday by using a credit card to pay off another credit card.  “Well, well, well—looks like I did make my payments this month,” said Garett, who rubbed his hands together, threw back his head, and cackled as he deftly moved over $16,000 in expenses between several high-interest Visa, Mastercard, and American Express credit cards. 

Full Story

[gothicada]

ᴛʜʀᴇᴇ ᴏꜰ ꜱᴡᴏʀᴅꜱ

ᴍᴇᴀɴɪɴɢ ʀᴏᴍᴀɴᴄᴇ ᴄᴀʀᴇᴇʀ/ꜱᴄʜᴏᴏʟ ꜰᴜᴛᴜʀᴇ ꜰɪɴᴀɴᴄᴇ ʜᴏᴡ ꜱᴏᴍᴇᴏɴᴇ ꜰᴇᴇʟꜱ ᴀʙᴏᴜᴛ ʏᴏᴜ ʜᴏᴡ ꜱᴏᴍᴇᴏɴᴇ ᴡᴏᴜʟᴅ ᴛʀᴇᴀᴛ ʏᴏᴜ ʜᴏᴡ ꜱᴏᴍᴇᴏɴᴇ ᴘᴇʀᴄᴇɪᴠᴇꜱ ʏᴏᴜ ᴛʜᴇ ᴄᴀʀᴅ ᴀꜱ ᴀ ᴘᴇʀꜱᴏɴ ꜱᴇx

⟶ ᴛʜʀᴇᴇ ᴏꜰ ꜱᴡᴏʀᴅꜱ ᴜᴘᴛᴜʀɴᴇᴅ

ʚїɞ ᴍᴇᴀɴɪɴɢ ⟶ this could speak of heart-break, being confused. misunderstandings, trauma, being distracted. it could be about having a closed heart and being very defensive about something, could give the advice of learning how to have fun in life--it can also be about arguments happening.

ʚїɞ ʀᴏᴍᴀɴᴄᴇ ⟶ not really a good card to get for romance, because it does speak of infidelity, or arguments happening within the connection. there could be a loving triangle happening, and the romantic bond being something you would definitely learn from. the romance would have a lot of issues and would make you upset.

ʚїɞ ᴄᴀʀᴇᴇʀ/ꜱᴄʜᴏᴏʟ ⟶ could have a project that could be very difficult, could make you feel very stressed. if you're working with a group, there's a huge chance that people will not do their work, or there could be arguments breaking out.

ʚїɞ ꜰᴜᴛᴜʀᴇ ⟶ in a future reading, the three of swords speaks of discords, finding out heart-breaking truth and being in circumstances that could be very stressful. it can speak about a friendship/romantic break up happening and arguments happening within circles. misunderstandings happening and feeling heartbroken over something or someone.

ʚїɞ ꜰɪɴᴀɴᴄᴇ ⟶ losing money, going through a divorce and not getting as much as you would expect. collapse of a company and finances, no longer being able to afford the luxury you want, this could advise you to find support.

ʚїɞ ʜᴏᴡ ꜱᴏᴍᴇᴏɴᴇ ꜰᴇᴇʟꜱ ᴀʙᴏᴜᴛ ʏᴏᴜ ⟶ this could mean someone could feel heart-broken and rejected by you, someone could also be shy around you and could hesitate to interact with you. whenever they see or think about you, they have much heart-break, pain and sorrow. much sadness covers their mind whenever they think about you, its the epitome of thinking of you hurts them.

ʚїɞ ʜᴏᴡ ꜱᴏᴍᴇᴏɴᴇ ᴡᴏᴜʟᴅ ᴛʀᴇᴀᴛ ʏᴏᴜ ⟶ in a romantic connection, this could mean the person is likely to betray you, or treat you like a therapist. arguments are likely to happen between the two of them. in any type of connection, the three of swords speak of a unhappy bond, someone might get between it as well.

ʚїɞ ʜᴏᴡ ꜱᴏᴍᴇᴏɴᴇ ᴘᴇʀᴄᴇɪᴠᴇꜱ ʏᴏᴜ ⟶ they could perceive you to be someone who is easily sad, someone who has gone through a lot. depending what other cards is around, said person could think of you like a heart-breaker, like three of swords, queen of wands and seven of swords. they would think of you as bad news, they could think of you to be someone who can get sad very easily as well.

ʚїɞ ᴛʜᴇ ᴄᴀʀᴅ ᴀꜱ ᴀ ᴘᴇʀꜱᴏɴ ⟶ as person, the three of swords is someone who is easily offended, and someone who has gone through much in the past. they can be someone who is easily sick, and easily jealous. sometimes they can be an energy vampire or very avoidant, the type to push people away, and usually someone who goes through much heartbreak, or is the heart breaker.

ʚїɞ ꜱᴇx ⟶ could be painful sex. or infidelity. though someone could be a whimperer during sex, or could like to be degraded, or say degrading things during sex. this is a card that definitely has to have other cards supporting it for you to know what it could mean. but could cry after sex, or the orgasm could come quick, could be about disappointing sex.

⟶ ᴛʜʀᴇᴇ ᴏꜰ ꜱᴡᴏʀᴅꜱ ʀᴇᴠᴇʀꜱᴇᴅ

ʚїɞ ʀᴇᴠᴇʀꜱᴀʟ ᴍᴇᴀɴɪɴɢ ⟶ in reverse, the three of swords is about recovering from downfalls or heartbreak eras. making a difficult choice and heavy moments being able to pass. depending on what other cards there is, this could also mean that it can be hard to let go of something, but you'll have to.

ʚїɞ ʀᴇᴠᴇʀꜱᴀʟ ʀᴏᴍᴀɴᴄᴇ ⟶ in reverse, the three of swords is about healing from a heart-breaking, knowing when and how to release from something that has a hold on you. forgiving yourself or other people and wanting to settle down conflict, moving on from a person and speaking to someone else.

ʚїɞ ʀᴇᴠᴇʀꜱᴀʟ ᴄᴀʀᴇᴇʀ/ꜱᴄʜᴏᴏʟ ⟶ wanting to get better grades. conflicts happening in the work space being put behind, or someone who caused issues leaving, and everyone wanting to move forward. it can also speak about getting help for something confusing.

ʚїɞ ʀᴇᴠᴇʀꜱᴀʟ ꜰᴜᴛᴜʀᴇ ⟶ for a future reading the three of swords in reverse is likely a positive card to get, because it speaks of the worst being over, being able to heal things that you thought you wouldnt be able to get over, and it is about being kind to yourself but depending what other cards there is, it could be refusing to let go of situations and hostile situations happening, like the seven/five of swords there.

ʚїɞ ʀᴇᴠᴇʀꜱᴀʟ ꜰɪɴᴀɴᴄᴇ ⟶ for a finance reading, the three of swords in reverse is about someone sharing their financial issues with you, or you sharing your issues with someone else. trying to get better at using your money, and finances will eventually come your way. it advises you to accept your situation so you can get out of it.

ʚїɞ ʀᴇᴠᴇʀꜱᴀʟ ʜᴏᴡ ꜱᴏᴍᴇᴏɴᴇ ꜰᴇᴇʟꜱ ᴀʙᴏᴜᴛ ʏᴏᴜ ⟶ they could be moving on from something, heart-break, or they could feel like they could share their feelings with you all the time, indicator of being a safe space for said person, but considering what other cards there is, like five of swords or the tower, it could mean the person could feel negative about you, could find it hard to get over you.

ʚїɞ ʀᴇᴠᴇʀꜱᴀʟ ʜᴏᴡ ꜱᴏᴍᴇᴏɴᴇ ᴡᴏᴜʟᴅ ᴛʀᴇᴀᴛ ʏᴏᴜ ⟶ could sometimes be patronising, or they could be someone who would drown you with their own sadness and depression, but if it's a positive spread, it could mean this person is someone who would listen to your problems, someone who would want to help you heal through traumatic situations.

ʚїɞ ʀᴇᴠᴇʀꜱᴀʟ ʜᴏᴡ ꜱᴏᴍᴇᴏɴᴇ ᴘᴇʀᴄᴇɪᴠᴇꜱ ʏᴏᴜ ⟶ in reverse, the three of swords can mean they could think of you as someone who can be a past they cannot let go, they could think of you as someone who could like to be alone, if the six of cups is there, it could mean they could see you as someone who is healing towards children or towards them, but this is also an indicator of someone who is violent and very stubborn.

ʚїɞ ʀᴇᴠᴇʀꜱᴀʟ ᴛʜᴇ ᴄᴀʀᴅ ᴀꜱ ᴀ ᴘᴇʀꜱᴏɴ ⟶ as a person, the three of swords in reverse could be thought as someone who is easily heart-broken but someone who is willing to heal through what has happened to them, they are someone who feels strongly, and can be the type to hold things in instead of expressing it, but when around the right person they can speak a lot.

ʚїɞ ʀᴇᴠᴇʀꜱᴀʟ ꜱᴇx ⟶ this can go in various ways. someone can be into aggressive sex, but if there's a lot of romantic cards like the two of cups and the lovers, then the sex could be deemed as very healing, it could get you confused, do you love this person or is it lust? a lot of backshots as well.

ʚїɞ ɴᴇxᴛ ⟶ ꜰᴏᴜʀ ᴏꜰ ꜱᴡᴏʀᴅꜱ

ʚїɞ ʙᴇꜰᴏʀᴇ ⟶ ᴛᴡᴏ ᴏꜰ ꜱᴡᴏʀᴅꜱ

ꜱᴜɪᴛ ᴏꜰ ꜱᴡᴏʀᴅꜱ ᴍᴀꜱᴛᴇʀʟɪꜱᴛ

ɢᴏᴛʜɪᴄᴀᴅᴀ'ꜱ ᴍᴀꜱᴛᴇʀʟɪꜱᴛ

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