Together Budget

Planning a Dream Vacation with Family: Navigating RMDs and Generational Spending As we age, our priorities often shift from building wealth to enjoying the fruits of our labor. For many retirees, using their Required Minimum Distributions (RMDs) from retirement accounts is an attractive way to fund dream vacations or spend quality time with loved ones. However, a recent trend highlights concerns about keeping up with younger generations in terms of lifestyle and financial comfort. The RMD Conundrum With the rise of TogetherBudget , individuals are gaining control over their finances, making it easier to plan for significant expenses like RMDs. But what happens when retirees want to use these distributions to enjoy time with family? Consider this: A 78-year-old couple wants to use their 2026 RMD to fund a dream vacation with their kids and grandkids. However, they worry that their spending habits won't keep pace with those of their younger relatives. Generational Spending Disparitie...

European Real Estate Market Outlook 2025: What Does it Mean for Your Finances? The European real estate market is experiencing a significant shift in the next few years. According to recent reports, the sector is expected to undergo substantial changes by year-end 2025. As an investor or property owner, understanding these trends can help you make informed decisions about your financial future. Key Takeaways from the European Real Estate Strategic Outlook Here are some key points to consider: Rent growth : Rental income in Europe's major cities is expected to decline due to increasing supply and decreasing demand. Property prices : Prices for residential properties are predicted to fall in many European countries, making it a buyer's market. Vacancy rates : The vacancy rate for commercial properties is anticipated to rise, leading to increased competition among landlords. Implications for Your Finances These trends may have significant implications for your personal finances: I...

The Shifting Landscape of European Money Managers The recent sale of Schroders, a prominent asset management company in Europe, has sent shockwaves through the financial industry. This development has left many investors wondering about the future of money managers and how it may impact their investments. As we navigate this changing landscape, it's essential to understand the implications and opportunities that arise. What Does the Sale Mean for Investors? The sale of Schroders signals a significant shift in the European asset management market. With more companies potentially on the block, investors may face a wider range of options for their portfolios. However, this increased competition can also lead to consolidation, which might result in fewer choices in the long run. Why This Matters This development highlights the importance of being proactive about your investments and financial planning. Whether you're an experienced investor or just starting out, it's crucial to...

The New Reality of Side Hustles for Working Women As more women enter the workforce and take on leadership roles, they're increasingly turning to side hustles as a safety net. Gone are the days when a side hustle was seen as an "extra" or a hobby; now, it's a vital component of financial security. Why the Shift? The rise of the gig economy, changing family dynamics, and growing financial uncertainty have all contributed to this shift. Women are taking on more responsibility for their finances, and side hustles offer a way to supplement income, build an emergency fund, or pursue long-term financial goals. Benefits of Side Hustles for Working Women Financial flexibility : A side hustle provides an added layer of security in case of unexpected expenses, medical bills, or career changes. Increased earning potential : With multiple income streams, women can earn more and build wealth faster. Personal fulfillment : A side hustle can be a creative outlet, allowing wome...

The Hidden Price of "Free" When we hear the word "free," our minds tend to wander to thoughts of savings, discounts, and no financial burden. However, as the saying goes, if it sounds too good to be true, it probably is. There's always a price tag attached to something that seems too good to be free. The True Cost of "Free" Let's break down some examples of things that seem like they're free but often come with hidden costs: Free trials: These can be tempting, especially when trying out new services or products. However, we often forget that these trials have expiration dates and may require us to pay a fee to continue using them. "Free" online content: While it's great to access information and entertainment without paying, many websites make their money by collecting user data and selling ads. This can lead to a loss of control over our personal info and exposure to unwanted advertising. Public services: Municipalities often pro...

The Rise of Side Hustles: How Americans are Earning More Money Are you tired of living paycheck to paycheck? Do you dream of having more money in your bank account to pursue your financial goals? You're not alone. In recent years, there's been a surge in the number of people turning to side hustles to earn extra income. What is a Side Hustle? A side hustle is any activity that earns you additional income outside of your primary job. It can be anything from freelancing or consulting to renting out a spare room on Airbnb or selling products online. The key is to find something that you enjoy and can do in your free time, which will make it easier to stick with. Benefits of Side Hustles Earning extra money through side hustles has numerous benefits. Here are just a few: Increased financial stability : Having multiple sources of income can help you cover unexpected expenses or pay off debt. Improved financial flexibility : With more money coming in, you'll have the freedom to p...