#savings plan

[femmefatalevibe]

Hi Femme!

Hope your day is going well! Just a quick financial question: how can I save up while paying off credit debt (🙃) and paying bills off?

I’m working but I’m only getting paid $15 ! And I’m also planning on saving for moving out. But I feel like it’s impossible. I want to build up a good savings account but I’m new at it as well.

Thank you!

Hi love! This is a vague question as I have no clue as to how much you make per month, what your monthly expenses are, the debt you've accrued, or the interest rate & terms of your credit card debt. Here are my general tips, but please note that I'm in no way a professional. Please contact a CPA for personalized, expert information on how to move forward with your financial life. Some high-level tips are below:

Track your income & expenses. Know exactly how much money is coming in and going out every month, so you know how much of your income is going towards your monthly expenses.

Do an audit of your expenses. See how much of your expenses are essential purchases. Without rent or utilities, I would imagine these are quite low (I don't know if you pay for any food at home, though).

Know exactly how much debt you're in and the interest rate of all of your debts.

Determine how much of your monthly income goes towards these essential expenses. Subtract this number from your post-tax income. Multiply this number by 3 to 6. This is the emergency fund savings you need in case any unforeseen expenses/job loss occurs. Use this information to determine your debt payment and savings timeline. Personally, I believe you should have at least a month of savings available for use before committing to paying off existing debt. This way, you don't accumulate more debt in the process of trying to get out of the debt you've already accrued.

Create a timeline with a self-assigned monthly payment plan to pay down your debts. When it comes to consumer debt, I believe outside of a small 3-month emergency fund, it is best to be as aggressive as possible to pay it down, especially if you're living at home.

For your savings, I HIGHLY recommend putting this money in a high-yield savings account.

Hope this helps. Best of luck xx

[webpreneurships]

Webpreneurships Savings Calculator

[petula-xx]

Tumblr Savings Challenge?

Since I started on Tumblr I have liked over 15,500 posts. Imagine if I had saved $1 for each of those likes.

Maybe there's an idea here somewhere......

[great-and-small]

When I was in vet school I went to this one lecture that I will never forget. Various clubs would have different guest lecturers come in to talk about relevant topics and since I was in the Wildlife Disease Association club I naturally attended all the wildlife and conservation discussions. Well on this particular occasion, the speakers started off telling us they had been working on a project involving the conservation of lemurs in Madagascar. Lemurs exist only in Madagascar, and they are in real trouble; they’re considered the most endangered group of mammals on Earth. This team of veterinarians was initially assembled to address threats to lemur health and work on conservation solutions to try and save as many lemur species from extinction as possible. As they explored the most present dangers to lemurs they found that although habitat loss was the primary problem for these vulnerable animals, predation by humans was a significant cause of losses as well. The vets realized it was crucial for the hunting of lemurs by native people to stop, but of course this is not so simple a problem.

The local Malagasy people are dealing with extreme poverty and food insecurity, with nearly half of children under five years old suffering from chronic malnutrition. The local people have always subsisted on hunting wildlife for food, and as Madagascar’s wildlife population declines, the people who rely on so-called bushmeat to survive are struggling more and more. People are literally starving.

Our conservation team thought about this a lot. They had initially intended to focus efforts on education but came to understand that this is not an issue arising from a lack of knowledge. For these people it is a question of survival. It doesn’t matter how many times a foreigner tells you not to eat an animal you’ve hunted your entire life, if your child is starving you are going to do everything in your power to keep your family alive.

So the vets changed course. Rather than focus efforts on simply teaching people about lemurs, they decided to try and use veterinary medicine to reduce the underlying issue of food insecurity. They supposed that if a reliable protein source could be introduced for the people who needed it, the dependence on meat from wildlife would greatly decrease. So they got to work establishing new flocks of chickens in the most at-risk communities, and also initiated an aggressive vaccination program for Newcastle disease (an infectious illness of poultry that is of particular concern in this area). They worked with over 600 households to ensure appropriate husbandry and vaccination for every flock, and soon found these communities were being transformed by the introduction of a steady protein source. Families with a healthy flock of chickens were far less likely to hunt wild animals like lemurs, and fewer kids went hungry. Thats what we call a win-win situation.

This chicken vaccine program became just one small part of an amazing conservation outreach initiative in Madagascar that puts local people at the center of everything they do. Helping these vulnerable communities of people helps similarly vulnerable wildlife, always. If we go into a country guns-blazing with that fire for conservation in our hearts and a plan to save native animals, we simply cannot ignore the humans who live around them. Doing so is counterintuitive to creating an effective plan because whether we recognize it or not, humans and animals are inextricably linked in many ways. A true conservation success story is one that doesn’t leave needy humans in its wake, and that is why I think this particular story has stuck with me for so long.

(Source 1)

(Source 2- cool video exploring this initiative from some folks involved)

(Source 3)

[hinamie]

trick or treat!

[de-santablogs-007]

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[sonalj]

Savings Plan A savings plan basically helps you to save for the short-term and the long-term goals while also providing you with life insurance coverage. By investing a fixed amount on a monthly or yearly basis, your money grows in a money-market fund which gives you guaranteed returns. In case of an unexpected event, the plan pays out to your beneficiary. These money-saving plans are the best saving schemes, especially for risk-averse individuals, offering the best fixed returns at maturity.

[vantagefinancialwi]

Discover the benefits of a 529 College Savings Plan and how it can help secure your child’s educational future. Learn how Vantage Financial Partners can guide you through tax advantages, flexible contribution options, and long-term growth potential to make saving for college easier and more effective.

[profinancialfitness]

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[techminsolutions]

LIC’s Bima Jyoti Plan for 2024: a comprehensive guide

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[travelloguechic]

How Much Should You Save Every Day to Reach Your Retirement Goal?

To determine how much you should save every day to reach a comfortable retirement, we’ll need to consider several factors: Retirement Age: When do you plan to retire? Common retirement ages are 65 or 67. Desired Retirement Income: How much annual income do you want during retirement? A common rule of thumb is to aim for 70-80% of your pre-retirement income. Investment Returns: What is the…

[femmefatalevibe]

for the other anon: bitchesgetriches is an excellent blog with a lot of great personal finance advice and guides to things like paying off credit card debt on a low budget 💜

Thank you, love! Posting for visibility xx

[frigidfries]

happy birthday deltarune. happy late birthday undertale. here's a comic!

cheers to best friends forever & ever & ever & ever & ev

[ghost-bxrd]

Prompt:

Jason insists on being the bait for a joint mission with the Bats. But the moment he starts “screaming” during the interrogation process, Batman calls the whole thing off and smashes right through the window and into the first thug.

Absolutely nobody is surprised by this development. Except Jason.

[themillionairethinking]

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[de-santablogs-007]

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