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BuDgEtS✨Everyone lOvEsS to hate them. But it’s 2025, + it’s time to take control, spend intentionally, + start INVESTING...
01/15/2025

BuDgEtS✨

Everyone lOvEsS to hate them. But it’s 2025, + it’s time to take control, spend intentionally, + start INVESTING 💸

Budgeting is not about saying -NO- to everything. As a single mom, I know my single income can’t afford EVERY want 👜 that comes up, so I spend INTENTIONALLY✨ and control my money without the guilt.

‼️Here’s how - The 50/30/20 Rule‼️
This popular budgeting method helps break your income down into categories:

1- NEEDS
2- WANTS
3- SAVINGS

1▪️ Needs include your bare minimums to survive. Bills, housing, gas, food, and some will even include minimum payments for credit cards. (Think of this category as the “IF I DON’T PAY THIS, SOMEONE IS COMING FOR ME” 👮‍♀️

2▪️Wants are the nice little upgrades in your life. Stopping by for ☕️ , dining out, that expensive gym membership, the luxuries. Your new fancy📱, too. Don’t confuse basic needs with luxury wants.

3▪️Savings is my favorite category. Where you are prioritizing YOU in your budget - through debt payments, investing, or funding your emergency savings. You can also set up ‘sinking funds’ like a “2025 Christmas” category- that way you’re prepared next season 😉

NOW…

I honestly think this can be a bit unrealistic. Why?

The way us millennials have been straight up
PLAYED👊🏼 by inflation 📈, COVID 🦠 , recessions, global warming😩, etc…..

Let’s not set ourselves up for failure. If you’re coming from a place where you just can’t get your needs at 50%, I’ve included two more examples of 60% and 70% needs because you know what- we work with what we got.

We control the controllables and MAKE. A. BUDGET.

🛑Not to say don’t go out there and increase your income so that these numbers can eventually get to that 50/30/20 split, but I know a lot of us might’ve moved out too soon, or are stuck at a job, or just didn’t realize how TOUGH it can be out in these streets 🚗

So remember, success is measured based off where YOU start, what YOU achieve, and the habits YOU build. Don’t compare your journey to others.

Save this post + share it with a friend who needs to hear this! 🥰🫶🏼

💰💪🏼Follow for more budgeting tips✨

Call it what you want, but a fully emergency fund is must have! Having an emergency fund will help you keep your peace w...
08/22/2024

Call it what you want, but a fully emergency fund is must have!

Having an emergency fund will help you keep your peace when sh*t hits the fan. Swipe through to discover everything you need to know about building a solid financial foundation. 💪💰

1️⃣ Why You Need an Emergency Fund: Putting 4 brand new tires on a credit card and paying interest? GTFOH. We need to protect ourself from these life happenings, because life be life-ing. Credit card interest rates are >20%+ and we’re too smart to pay that!

2️⃣ Planned Expenses: Use your fund for planned events like vacations or holiday shopping. 🎄✈️ We need to think ahead and give from a place of love and abundance. Not from a place of worry because we’re going to be paying off our Christmas expenses until Valentine’s Day.

3️⃣ How Much to Save: Aim for 3-6 months of living expenses to ensure you’re fully covered. Knock on wood - I hope you don’t lose your job or be put in a situation where your income is no longer stable. 3-6 months is a good starting point, but you have the power to decide what you’re most comfortable with.

4️⃣ Next Steps: Start saving! As soon as you get paid, budget that amount into your savings! Shoot, set up direct deposits for simplicity! Trust me, you will get used to it. 📈

5️⃣ High Yield Savings Account (HYSA)- Spend no more than 1 day looking for a high-yield savings account with at least 4% interest to grow your money faster. DO NOT - I REPEAT - DO NOT save this in your regular bank savings account. They pay 1/10 of what HYSA’s pay 🏦

6️⃣ Live Free of Worry- Build the peace of mind and financial security you deserve. 🌟

BONUS POINTS: Comment the word HYSA for a link to open an ALLY high-yield savings account and earn $100! 🎉 Simply open the account, set up monthly transfers for at least 3 months - and earn $100 FREE!

Ready to take the next step in your financial journey? Let’s make sure you’re prepared for anything life throws your way. DM me for personalized advice and tips on building your financial foundation! 💌

The idea of saving for your kids future comes up in so many conversations, but it can get confusing with the different t...
06/12/2024

The idea of saving for your kids future comes up in so many conversations, but it can get confusing with the different types of account 🤔

I’m breaking down THREE types of accounts you can open.

P.S- don’t forget the baggie is a type of account + you should still buy your investments (or your nuggets 🍗 ) inside each one

ACCOUNT #1) a 5️⃣2️⃣9️⃣! This is for education (think college tuition, room and board, fees, books 📚 , supplies ✏️ , computers 🖥️ ) They are state sponsored, but you can choose one from any state.

CONTRIBUTION LIMITS? Typically high ⬆️ and varies by state

TAXES?
‼️Contributions qualify for state tax deductions, check your local 529 plan

‼️Gains grow TAX FREE if the money is used for education 👩‍🎓

CONS: if money is not used for education, you’re hit with a 10% PENALTY on earnings & those pesky taxes

PS- if your kid doesn’t end up going to college, you can roll this over to a different dependent OR a Roth IRA!

ACCOUNT #2) UGMA/UTMA (Custodial Account) - Flexible, pick your own stocks, access any time. You are the responsible party of the account until your kid reaches 18 or 21. Check your states laws.

CONTRIBUTION LIMITS? NONE 🤑

TAXES? Pay taxes on the money going in, and pay taxes on the money coming out!

UGMA ➡️ think like a normal taxable brokerage
UTMA ➡️includes traditional assets and allow kids to hold real estate or fine art

ACCOUNT #3) Custodial ROTH IRA 🌈

If you think a ROTH IRA is amazing now as an adult, imagine starting one as a KID!? It’s like those memes that say I should’ve bought a house in kindergarten.

You as the adult are the account owner until your kid reaches of age. Your kid MUST have earned income.

CONTRIBUTION LIMITS? Same as a Roth IRA, in 2024 it’s $7,000 a year.

TAXES? You’re taxed on the money going in, BUT YOUR GAINS and WITHDRAWALS ARE TAX FREE‼️

And this account isn’t just a retirement account. There are loopholes in accessing the money before 59 1/2 😉

Don’t let more time pass you by just talking about your kids future. Be about it and research these accounts today!

The simple way to wealth is through index fund/ETFs. I’m listing 5️⃣ here, but there are thousands out there for you! Th...
05/23/2024

The simple way to wealth is through index fund/ETFs.

I’m listing 5️⃣ here, but there are thousands out there for you! The sooner you start your journey, the sooner you will understand the power and simplicity behind buying the market and building wealth 📈

5 ETFs You Can Buy Today:

1️⃣(VOO) Vanguard S&P 500 ETF

Top 10 Holdings: Apple, Microsoft, Amazon, Meta Platforms, Alphabet (Class A), Alphabet (Class C), Tesla, Nvidia, Berkshire Hathaway (Class B), JPMorgan Chase.

🟢10 Year Annual Return Rate: Approximately 14%

2️⃣(SDY) SPDR S&P Dividend ETF

Top 10 Holdings: AT&T, Exxon Mobil, Chevron, International Business Machines, People’s United Financial, OneMain Holdings, CMS Energy, Mercury General, AbbVie, and Altria Group.

🟢10 Year Annual Return Rate: Approximately 11%

3️⃣(VB) Vanguard Small-Cap ETF

Top 10 Holdings Companies like Penn National Gaming, Advanced Micro Devices, DocuSign, Floor & Decor Holdings, Crocs, United Rentals, and Inphi.

🟢10 Year Annual Return Rate: Approximately 14%

4️⃣ (VEA)Vanguard FTSE Developed Markets ETF

Top 10 Holdings: Nestle, Roche Holding, Samsung Electronics, Novartis, Toyota Motor, ASML Holding, Taiwan Semiconductor Manufacturing, AstraZeneca, Sony, and Sanofi.

🟢10 Year Annual Return Rate: Approximately 5%

5️⃣( ARKK)ARK Innovation ETF

Top 10 Holdings: Tesla, Teladoc Health, Roku, Square, CRISPR Therapeutics, Zillow Group, Invitae, Exact Sciences, Shopify, and Coinbase Global.

🟢10 Year Annual Return Rate: Since ARKK was launched in 2014, its annualized return for the period is approximately 42%‼️

Past performance does not guarantee future performance and this is not financial advice.

🔥Are you stuck in analysis paralysis with your investing? 💸 Let’s talk about 3 simple yet powerful portfolio strategies ...
05/21/2024

🔥Are you stuck in analysis paralysis with your investing? 💸

Let’s talk about 3 simple yet powerful portfolio strategies for us busy folk hustling to build generational wealth! 🌟 Made to be simple!

1️⃣ Age Ratio Portfolio: Take 110 and subtract your age to find out the percentage of stocks your portfolio should be. It’s like a secret formula to keep your investments aligned with your life stage! 💼💰

2️⃣ 3 Fund Portfolio: Keep it balanced with a mix of US, international stocks, and bonds. Simple, diversified, and ready to grow with you! 🌎💼💵

3️⃣ Target Date Fund: The ultimate set-it-and-forget-it strategy! 🎯 Let it do the heavy lifting as it automatically adjusts and rebalances based on your age. 🔄⏳

🚀 No matter where you’re starting from, these portfolios are your passport to financial freedom! 🌟

Which one speaks to you? Let’s chat!

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