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Tips for someone with Fixed Monthly Income
Manage episode 249181230 series 2530563
Tips for someone under SSDI
The big takeaways are
Know what you are spending on what each month. You can do it in google sheets like me, or use another tool that helps automate it, lime mint.
Have an emergency fund. Emergencies come up, be ready. 3-6 months of expenses is ideal
Invest the excess, just saving money isn’t enough, you need to invest it. In fact, due to inflation, you money may even lose value if it is just in a bank account.
And there are almost always ways to make a little more money. Making money doesn’t have to be draining, you can find more enjoyable ways to do it.
https://anchor.fm/thefruglife/episodes/Investments-vs-Vehicles-for-Investment-e9b1us
https://anchor.fm/thefruglife/episodes/Roth-IRA-e4r62f
https://anchor.fm/thefruglife/episodes/Robinhood-and-Investing-in-US-stocks-e3s011
Music Credit to the purple planet
Want more Frugal Content? Follow me on:
Twitter: https://twitter.com/thefruglife
Facebook: https://www.facebook.com/TheFrugLife/
Instagram: https://www.instagram.com/the_frug_life_podcast
Get a free stock when you sign up for WeBull and deposit $100. Use my link below:
https://act.webull.com/i/TwIJ8klybvIo
--- Send in a voice message: https://podcasters.spotify.com/pod/show/thefruglife/message Support this podcast: https://podcasters.spotify.com/pod/show/thefruglife/support140 episodes
Manage episode 249181230 series 2530563
Tips for someone under SSDI
The big takeaways are
Know what you are spending on what each month. You can do it in google sheets like me, or use another tool that helps automate it, lime mint.
Have an emergency fund. Emergencies come up, be ready. 3-6 months of expenses is ideal
Invest the excess, just saving money isn’t enough, you need to invest it. In fact, due to inflation, you money may even lose value if it is just in a bank account.
And there are almost always ways to make a little more money. Making money doesn’t have to be draining, you can find more enjoyable ways to do it.
https://anchor.fm/thefruglife/episodes/Investments-vs-Vehicles-for-Investment-e9b1us
https://anchor.fm/thefruglife/episodes/Roth-IRA-e4r62f
https://anchor.fm/thefruglife/episodes/Robinhood-and-Investing-in-US-stocks-e3s011
Music Credit to the purple planet
Want more Frugal Content? Follow me on:
Twitter: https://twitter.com/thefruglife
Facebook: https://www.facebook.com/TheFrugLife/
Instagram: https://www.instagram.com/the_frug_life_podcast
Get a free stock when you sign up for WeBull and deposit $100. Use my link below:
https://act.webull.com/i/TwIJ8klybvIo
--- Send in a voice message: https://podcasters.spotify.com/pod/show/thefruglife/message Support this podcast: https://podcasters.spotify.com/pod/show/thefruglife/support140 episodes
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