My husband commented on why I discuss when things go sideways with my income streams, TRANSPARENCY. People need to be aware of things that can go wrong, how to prepare for issues( having rental pictures before, a bank for streaming income, etc) and how to correct issues. I try not to be tone deaf about fiances, not everyone has the skillset or resources I do, or enjoys the health I do. Rental property can be tricky, AIRBNB can be tricky, and online income streams can be risky.
Small steps can improve your home and fiscal health. There are times when tough love is needed and you need to encourage people to strip the budget to bare bones. Bare bones means you are apying for shelter, food, medical, utlities, and transportation.
Computers have decreased in price and quality. You need to research. I have found a simple memory and hd drive upgrade has reduced the cost. I believe in hanging onto electronics as long possible.
Reducing, reusing, repurposing thing to avoid spending and reduce our carbon footprint.
I have been very poor so I learned to be careful with money and resources. During the pandemic, I was stunned to see people panic over having to make popcorn on the stove vs microwave, not knowing how to boil rice, I could go on and on. What happened in the last decade that made people so incapable of these basic skills. The best things that parents and extended family is to teach our kids to cook, change a tire, garden, make medicines, and sew.
Appearance matters in the workplace. My daughter's boss complemented to me that she appreciates that she comes to the art studio looking professional. Tailored clothing, light makeup, tidy hands, and small jewelry. People who look professional are paid more. There is a very unkempt person at Walmart, no one go through his life, even when it is very busy. Taking care of your appearance coupled with extra training will increase your earning power.
Have you checked your rates for insurance, internet, and cell phones?
You may be able to use your HSA/FSA funds to pay for your gym membership if you have a health condition.
The information you consume affects your well-being. There are people are always keeping up with the Jones. Often the Jones are riddled with debt, and marital strife. They are simply trying to keep up appearances. As a single parent, my chidlren were often better cared for than children with two parent and two income homes. Why? I was attended to needs first, I was better with money, and was a couponner.
I never carried a car payment more than a year. In my former career, I have worked with people with a 6 figure income to those on public assistance. Each had their own issues with money. I remember giving childing remarks to parents on different ends of the fiscal spectrum. 6 figure mom was upset that her daughter wanted another 500 dollar purse. would they go hungry the rest of the month, no. Her reasoning, she had wanted he child to be best dressed. Yet, the parents were headed for divorce because of the frivolus shopping debt and tehir child was out of control. On the other side of fiscal spectrum, the mother blew all of her food stamp money on her child's birthday party which left them without food money for the month. Her reasoning was she didn't want her child to feel poor. Both of these parents have an healthy relationship with money, material goods, and social appearances.
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