How many subscriptions do you pay for each month? Your money zips away via autopay, and you grow accustom to the benefits of such memberships: The trial-size makeup box. The monthly video-game t-shirt subscription. That app that lets you customise at-home yoga routines. The $20 or $30 per month may seem like small potatoes in the greater scheme of your monthly budget. But what if you started thinking beyond the monthly cost? Would you still want that subscription if you had to pay up front for it?
Tagged With budgeting
According to You Need a Budget (YNAB), my total net worth is currently $108,940. That’s $27,213 higher than it was six months ago, when I switched my budgeting app from Mint to YNAB and began focusing on growing my net worth as quickly as possible.
I wasn’t expecting the numbers to grow quite this fast, honestly. So let’s look at how they did.
A lot of us think about our money in terms of what it can get us. When we’re earning X (or when we’ve saved X), we can purchase Y. But if you’re working towards long-term wealth — whether for financial security, financial independence or retirement — it’s just as important to think about what you aren’t buying.
As someone who usually defaults to tracking expenses by hand, I challenged myself this month to determine the best app to facilitate expense-tracking. There are plenty of options out there, but I put Daily Budget, Wally, EveryDollar, and Dollarbird through the wringer of my everyday spending.
Everyone who reads this site has heard a thing or two about the importance of having an emergency fund. But when such an emergency comes along, how do you use that money wisely?
Automating your finances fixes everything, right? Well, only if you’re still monitoring your money on a regular basis, it turns out. The Wall Street Journal interviewed a handful of money experts about the biggest ways people waste money. And we won’t talk about what they said about that, because this Lifehacker vertical is a latte shame-free zone.
When I stumbled into adulthood a couple of decades ago, money was an absolute mystery to me—or at least, the management of it was. Expenses like car maintenance, water, trash, health insurance and taxes came as a huge shock, stunning me with how quickly they could consume my pay. And who knew food was so expensive?
If there’s one message that we’ve heard over and over about the trade war, it’s that life is going to get more expensive. And that could be a reason to do some shopping right now.
It seems that while many people are embracing new payment systems that help to extricate finds from their wallets and bank accounts, they aren't quite as good at managing their finances as they should be. While banking apps and online payments are popular, tools for managing expenses are far less popular.
In 2017, for the first time in my life, I actually stuck to a resolution. What's more, I'd failed at the same resolution -- to make a budget and stick to it -- for many previous years. Now, if you think there's something shameful in a grown person not being able to handle her finances, you're right!