Together Budget

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...

Setting and Achieving Big Savings Goals Are you trying to save up for a big purchase, pay off debt, or build an emergency fund? Reaching your financial goals can be challenging, but with the right strategy and tools, you can stay on track. In this post, we'll explore some essential financial moves and introduce you to TogetherBudget , a powerful tool that can help you achieve your savings objectives. Create a Budget That Works for You Before you can start saving, you need a clear understanding of where your money is going. Make a budget that accounts for every dollar, including necessary expenses like rent/mortgage, utilities, and groceries. Use the 50/30/20 rule as a guideline: 50% of your income goes towards necessities, 30% towards discretionary spending, and 20% towards saving and debt repayment. Prioritize Your Savings Goals What's driving your desire to save? Is it a specific financial goal, like paying off high-interest debt or building an emergency fund? Whatever your o...

The Rise of Regional Brokers Under 40: What It Means for Your Financial Future As the financial landscape continues to evolve, a new generation of brokers is making waves in the industry. According to recent reports, these top 40 regional brokers under 40 are shaking up the status quo and redefining what it means to be a successful financial advisor. So, What's Behind This Shift? The rise of these young brokers is largely driven by changes in consumer behavior and the growing demand for personalized financial services. As more people seek tailored advice and solutions, regional brokers with a strong local presence are well-positioned to meet this need. Key Takeaways from the Report Diversification : Regional brokers under 40 are not only expanding their client base but also diversifying their service offerings to include areas like wealth management, retirement planning, and estate planning. Digital Savvy : These young professionals have grown up with technology and are leverag...