Episode #32: Mo' Money Planning
On #InVinoFab episode no. 32, @laurapasquini & @profpatrice talk about mo’ money planning. As money does not grow on trees, they share resources for identifying spending habits, resources for saving/investing, and getting started with enhancing your own financial literacy. There are ideas for saving money for the future, investing for retirement, and just reflecting on your own money habits. Enjoy!
Mo Money Planning
In #InVinoFab episode no. 32, @laurapasquini & @profpatrice talk about mo’ money planning. As money does not grow on trees, they share resources for identifying spending habits, resources for saving/investing, and getting started with enhancing your own financial literacy. There are ideas for saving money for the future, investing for retirement, and just reflecting on your own money habits. Enjoy!
Resources shared and discussed in this #InVinoFab episode:
NPR Life Kit – Money Kit: https://www.npr.org/lifekit#money
-Budget management: Be the Master of Your Budget https://www.npr.org/2019/01/09/683530953/be-the-master-of-your-budget
-How are you spending money? 6 Simple Rules for Saving Money https://www.npr.org/2018/12/12/676120025/get-started-saving
-Boost Your Credit Card IQ https://www.npr.org/2019/01/10/684067151/boost-your-credit-card-iq
-Never Pay An Unnecessary Fee Again https://www.npr.org/2019/01/10/683983397/never-pay-an-unnecessary-fee-again
-Journal your expenses: figure out how and where your money is going. What are your daily, monthly, etc. expenses? Tracking bills, services, subs
Tips for not spending online:
- Do you really need an Amazon Prime account? Or other subscription where you purchase? Or if you frequently find yourself purchasing from Amazon, save an item in your cart and come back a day or two later to see if you still want/need that item.
- Remove your credit cards from shopping accounts. Taking away this automation for buying and require yourself to find your credit card and type it
- Take pause to ask yourself if this purchase will really “bring you joy”? Mari Kondo would be pleased with your efforts to bring less into your home #ProactiveDecluttering
- Block ads online, use an ad blocker https://adblockplus.org/tutorials or privacy browser, we recommend Mozilla Firefox: https://www.mozilla.org/en-US/firefox/
Investment:
-Your Cheat Sheet for Smarter Investing
-More about NPR’s Life Kit: https://www.npr.org/lifekit Broad-based index fund – passively managed S&P 500; Vanguard https://investor.vanguard.com/corporate-portal/
-Should You Pay for Financial Advice?
-What is FIRE? https://www.playingwithfire.co/whatisfire
-Retirement Calculator https://www.playingwithfire.co/retirementcalculator
-Work Optional Worksheets https://theworkoptionalbook.com/worksheets/
Apps for tracking your spending & making the right money moves:
-Mint: https://www.mint.com/
-Mint: https://www.mint.com/
-Nerd Wallet https://www.nerdwallet.com/
-Others ways to track your spending: https://www.forbes.com/sites/financialfinesse/2017/08/17/6-ways-to-track-your-spending/#5db6939d4650
#InVinoFab Recommended Reads:
--Wild Money: A Creative Journey to Finance Wisdom by Luna Jaffe http://lunajaffe.com/wild-money/
--Unconventional Success: A Fundamental Approach to Personal Investment
by David F. Swensen https://www.goodreads.com/book/show/17372.Unconventional_Success
--Work Optional: retire Early the Non-Penny-Pinching Way by Tanja Hester https://theworkoptionalbook.com/
--Playing with FIRE: Financial Independence Retire Early by Scott Riekens https://www.playingwithfire.co/
--A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
by Burton G. Malkiel https://www.goodreads.com/book/show/40242274-a-random-walk-down-wall-street
Stay connected to the #InVinoFab Podcast:
- Hosts: Patrice (@profpatrice) & Laura (@laurapasquini); pronouns: she/her
- Twitter: https://twitter.com/invinofab
- Instagram: https://www.instagram.com/invinofab/