Together Budget

Bounce Back From Holiday Spending With These Budgeting Tips The holiday season is over, and it's time to face the music – many of us have overspent during this time. Whether it was buying gifts for loved ones, traveling, or simply treating ourselves, the costs can add up quickly. Don't worry, we've all been there! But now that the new year has begun, it's time to get back on track with our finances. In this post, we'll share some budgeting tips to help you bounce back from holiday spending and achieve your personal finance goals. Track Your Expenses The first step in getting back on track is to understand where your money went during the holidays. TogetherBudget can help you do just that by tracking all your expenses in one place. This tool allows you to categorize your spending, set budgets for each category, and receive alerts when you go over budget. Some key features of TogetherBudget include: Automatic expense tracking Customizable budgeting categories Alerts ...

The Trillion-Dollar Inheritance: How to Prepare Your Client Portfolios As families and individuals begin to inherit significant property wealth, financial advisors are facing a new challenge: how to effectively integrate these assets into client portfolios. According to recent reports, trillions of dollars in inherited property wealth is poised to reshape the way we approach financial planning. The Inheritance Tsunami With the aging population and increasing life expectancy, it's no surprise that inheritance is becoming a significant concern for many families. As baby boomers pass on their wealth to younger generations, advisors must be prepared to help their clients navigate this complex process. Implications for Client Portfolios Inheriting property wealth can have far-reaching implications for client portfolios. Here are just a few: Tax efficiency : Inherited properties often come with significant tax liabilities. Advisors must help clients optimize their estate planning and min...

Navigating Your Budget with Ease: Free Help Available Are you struggling to manage your finances and feeling overwhelmed by debt? You're not alone. Many of us face financial challenges at some point in our lives, but there's help available. The Debt Management Phone Bank is offering free assistance to those navigating their budgets. What is the Debt Management Phone Bank? The Debt Management Phone Bank provides a safe space for individuals to discuss their financial concerns with trained professionals. These experts can offer guidance on creating a budget, managing debt, and developing strategies for achieving long-term financial goals. The phone bank is a valuable resource for those who need support in taking control of their finances. Benefits of Using the Debt Management Phone Bank Free assistance : Get help without incurring any costs or fees. Expert guidance : Trained professionals will provide personalized advice and support. Confidentiality : Your financial information i...

Building Wealth for Black Families: A New Era of Support As we navigate the complexities of personal finance, it's essential to acknowledge the historical and ongoing disparities in wealth building among Black families. For decades, systemic inequalities have hindered progress towards financial stability, leaving a lasting impact on future generations. However, recent efforts from states and cities aim to bridge this gap by introducing targeted initiatives that promote economic growth and wealth accumulation for Black communities. Understanding the Challenges Black households face significant barriers when it comes to building wealth: • Limited access to quality education : Educational institutions often fail to provide adequate resources and support, making it difficult for students to acquire knowledge and skills necessary for financial success. • Systemic racism and bias : Institutionalized racism perpetuates inequality in employment, housing, and credit opportunities, limiting ...

Helping Children Build Healthy Money Habits ============================================= As a parent, teaching your child about money management is one of the most valuable skills you can impart. A healthy relationship with finances sets them up for financial success and security throughout their lives. In this post, we'll explore ways to help children develop good money habits and provide tips on how TogetherBudget can support your family's financial goals. The Importance of Teaching Children About Money ------------------------------------------------ Teaching children about money is not just about saving or budgeting; it's about developing a mindset around finances. By introducing them to responsible money management at a young age, you're giving them the tools they need to navigate real-world financial situations with confidence. Here are some key aspects of teaching children about money: Saving : Encourage your child to save a portion of their allowance or earn...

Why Credit Cards Aren’t an Ideal Emergency Fund, and How to Build One Having a solid emergency fund in place can provide peace of mind and financial security during unexpected expenses or income disruptions. However, using credit cards as a means of building one is not the most ideal solution. In this article, we'll explore why credit cards aren't suitable for emergency funds and how you can build one effectively. Why Credit Cards Aren't an Ideal Emergency Fund Credit cards may seem like a convenient option to cover unexpected expenses, but they come with significant drawbacks when it comes to building an emergency fund: Interest charges : Carrying a balance on your credit card means incurring interest charges that can add up quickly, making it difficult to pay off the principal amount. Debt accumulation : Using credit cards for emergency funds can lead to debt accumulation and negatively impact your credit score. Lack of motivation : Relying on credit cards may discourage ...

Plan Your Finances for the Year Ahead in France As we step into a new year, it's essential to review and adjust our financial plans to ensure we're on track to meet our goals. In France, navigating personal finances can be complex due to various taxes, social security contributions, and other obligations. To make informed decisions, you'll need to consider several factors, including your income, expenses, debts, and savings. Understanding Your Finances in France Before planning for the year ahead, it's crucial to have a clear understanding of your financial situation. This involves: Knowing your income: Take into account your salary, any side hustles or investments, and benefits such as health insurance. Tracking expenses: Monitor your daily spending habits, including fixed costs like rent, utilities, and groceries. Managing debts: Prioritize paying off high-interest loans or credit cards while making minimum payments on other debts. Building an emergency fund: Aim to s...

5 Key Signs Your Emergency Fund Is Too Small for the Trump Economy The current economic climate, often referred to as the "Trump economy," has brought about significant changes in the way people think about and manage their finances. With rising inflation, interest rates, and a shifting job market, it's essential to reassess your emergency fund to ensure it's adequate for the challenges ahead. Here are five key signs that your emergency fund may be too small for the Trump economy: 1. Inadequate Savings Rate A general rule of thumb is to save at least three to six months' worth of living expenses in an easily accessible savings account. If you haven't achieved this goal, it's likely that your emergency fund is too small. Consider using a budgeting tool like TogetherBudget to track your income and expenses and identify areas where you can cut back on non-essential spending. By making adjustments to your spending habits and increasing your savings rate, you...

Staying Ahead of the Game: Navigating the UK and EU Asset Management Regulatory Outlook 2026 As we move closer to the end of 2025, investors in both the UK and EU are keeping a close eye on the impending regulatory changes that will shape the asset management landscape by 2026. The news is filled with discussions about what these new regulations might mean for individual investors like you. What's Changing? The regulatory outlook for asset management is set to undergo significant changes in both the UK and EU, affecting how funds are managed, marketed, and distributed. Some key areas of focus include: Environmental, Social, and Governance (ESG) considerations : The role of ESG factors in investment decisions will become increasingly important as regulators seek to promote more sustainable investing practices. Fiduciary duties : Fund managers will be expected to prioritize the interests of their investors above all else, ensuring that they make informed decisions about investments. ...

Paying Too Much for Prescriptions? Here are Some Tips to Save Money Are you tired of breaking the bank every time you fill a prescription? You're not alone. Many Americans struggle with the high cost of prescription medications, which can be a significant burden on our wallets and finances. In today's economic climate, it's essential to be mindful of our expenses, including those related to healthcare. Fortunately, there are ways to save money on prescriptions without sacrificing your health or well-being. Understand Your Prescription Costs Before we dive into tips for saving money on prescriptions, it's crucial to understand how costs are calculated. Typically, the cost of a prescription is determined by several factors: The type and dosage of medication The pharmacy you use Your insurance coverage (if applicable) Government programs or discounts available 5 Tips to Save Money on Prescriptions 1. Compare Prices : Don't assume that your usual pharmacy has t...

When Hardship Is Close to Home: Emergency Relief Funds and Personal Finances Hardships can strike anyone, regardless of their financial situation. Whether it's a medical emergency, job loss, or natural disaster, unexpected expenses can quickly drain our savings and put us in a difficult spot. In these situations, having an emergency relief fund in place is crucial for maintaining financial stability. The Importance of Emergency Relief Funds An emergency relief fund is a pool of money set aside specifically for covering unexpected expenses that arise when we're not expecting them. This type of fund can provide peace of mind and ensure that we don't have to rely on credit cards or loans to get by during difficult times. According to recent reports, many people are struggling to make ends meet due to unforeseen circumstances close to home. However, having a well-planned emergency relief fund in place can help alleviate some of the financial stress associated with these situati...

The Rise of AI-Assisted Money Management Are you tired of feeling overwhelmed by your finances? Do you struggle to stick to a budget and achieve your personal financial goals? You're not alone. With the increasing adoption of artificial intelligence (AI) in money management, it's becoming easier than ever to take control of your finances. The Benefits of AI-Assisted Money Management The benefits of using AI-powered tools for managing one's finances are numerous: Improved accuracy : AI algorithms can process vast amounts of financial data quickly and accurately, reducing the risk of errors. Increased efficiency : Automating tasks such as budgeting, expense tracking, and investment analysis saves time and effort. Enhanced decision-making : AI-powered tools provide personalized recommendations based on your financial goals and habits. The Rise of AI-Powered Money Management Tools In recent years, there has been a surge in the development of AI-assisted money management tools. ...

Emergency Fund: What It Is and Why It Matters ===================================================== Having a cushion of savings in place can be a game-changer when unexpected expenses arise. An emergency fund is a crucial component of any personal finance plan, providing peace of mind and financial stability during uncertain times. What is an Emergency Fund? An emergency fund is a pool of money set aside to cover essential expenses in the event of a job loss, medical crisis, car breakdown, or other unexpected situation that may require immediate attention. It's designed to be easily accessible, yet not so easily spent on non-essential items. Why Does an Emergency Fund Matter? An emergency fund is vital for several reasons: Avoids debt : With a cushion of savings in place, you're less likely to go into debt when unexpected expenses arise. Provides financial stability : Knowing that you have a safety net can reduce stress and anxiety during uncertain times. Fosters smart de...

Savings Strategies to Transform Your Finances ===================================================== As we navigate our daily lives, it's easy to get caught up in overspending and neglecting our financial well-being. However, with a few simple adjustments and some effective tools at your disposal, you can start saving money across all parts of your life. In this article, we'll explore practical tips for reducing expenses and growing your savings. By implementing these strategies and leveraging the power of budgeting and expense tracking, you'll be well on your way to achieving your financial goals. Cutting Back in Everyday Life ------------------------------- Cook at home : Instead of relying on takeout or dining out, cook meals at home using ingredients from local markets or discounted stores. This simple change can save you hundreds of dollars per month. Cancel subscription services : Review your subscriptions and cancel any that no longer serve a purpose. Consider sharing...

Diversifying Your Portfolio with REITs in 2026 As we enter a new year, investors are looking for ways to diversify their portfolios and generate passive income. One popular option is Real Estate Investment Trusts (REITs), which allow individuals to invest in real estate without directly owning physical properties. In this article, we'll explore two REITs that are worth considering for your 2026 portfolio. Why Invest in REITs? REITs offer several benefits that make them an attractive option for investors: Passive income : REITs distribute a significant portion of their income to shareholders, providing a regular stream of passive income. Diversification : By investing in REITs, you can gain exposure to the real estate market without directly owning physical properties. Professional management : REITs are managed by experienced professionals, reducing the risk and effort associated with direct property ownership. 2 REITs to Consider for Passive Income in 2026 Here are two REITs that ...

The $1.6 Million Retirement Plan That's a Recipe for Disaster Are you approaching retirement and thinking of withdrawing your entire savings in one go? Think again! Financial expert Suze Orman recently shared her thoughts on this strategy, and it's clear that it's not as wise as it seems. Why the One-Time Withdrawal Strategy Won't Work Withdrawing $1.6 million from your retirement account may seem like a straightforward solution to cover living expenses in retirement. However, this approach can have severe consequences for your financial security. Here are just a few reasons why Suze Orman believes this strategy won't work: Taxes and penalties : Withdrawing a large sum from your retirement account will trigger significant taxes and penalties. You'll not only lose a substantial portion of your savings but also face the added expense of tax obligations. Depletion of assets : A one-time withdrawal can deplete your retirement assets quickly, leaving you with limited...

The Hidden Dangers of Aggressive Retirement Planning ===================================================== When it comes to retirement planning, many of us aim to save as much as possible to ensure a comfortable and secure future. However, Suze Orman recently highlighted a $1.6 million retirement plan that, in her expert opinion, would ultimately backfire. Why This Plan Would Fail --------------------------- According to Orman, this aggressive approach to retirement planning is based on the assumption that individuals will need an enormous amount of money to support their golden years. While it's true that retirement savings are essential, pouring all of one's wealth into a single account can lead to unintended consequences. Some potential risks associated with this plan include: Inflation and market volatility : Investing too heavily in a single asset or sector can leave you vulnerable to economic downturns. Lack of diversification : Concentrating your retirement savings in on...

Doctors Retire Differently: Uncovering Their Secret to a Smooth Transition Are you nearing retirement age and worried about how to make the most of your golden years? You're not alone. According to recent studies, many doctors are retiring differently than expected. While they may have planned for financial security, their actual experiences reveal a surprising secret to a smooth transition. What's Driving Doctors' Retirement Decisions? Before we dive into the secret behind doctors' retirement success, it's essential to understand what drives their decisions. Many doctors face unique challenges in their careers, from high-stress environments to long working hours and demanding patient needs. As a result, they often prioritize financial security over other aspects of life. The Secret to Doctors' Retirement Success So, what sets doctors apart when it comes to retirement planning? It turns out that many doctors have been using a clever strategy to ensure a smooth t...

10 Frugal People Share Their Best Money-Saving Tips That Worked for Them in 2025 As we dive into a new year, many of us are looking for ways to save money and achieve our personal finance goals. Fortunately, frugal people around the world have shared their best tips that worked for them in 2025. From smart budgeting to clever expense tracking, these money-saving strategies can help you take control of your finances and reach your dreams. In this article, we'll explore some of the most effective tips from these experts, along with a powerful tool that can help you put them into action: TogetherBudget . 1. Prioritize Needs over Wants Frugal people know that it's essential to distinguish between needs and wants. By prioritizing essential expenses like rent/mortgage, utilities, and groceries, you'll have more money left over for discretionary spending. Be mindful of your shopping habits: only buy what you need, and avoid impulse purchases. Use the 50/30/20 rule: allocate 50% of...

New Financial Planning Software Launches: How to Achieve Your Personal Finance Goals The personal finance landscape is constantly evolving, and technology is playing a significant role in helping individuals achieve their financial goals. Recently, new financial planning software has hit the market, promising to make it easier for people to manage their finances and reach their targets. What's Changing? Financial planning software has come a long way from manual spreadsheets and paper-based planners. Today, users can expect features such as: Automated budgeting and expense tracking Investment tracking and portfolio analysis Financial goal-setting and progress monitoring Customizable dashboards and reporting These tools aim to empower individuals to take control of their finances, make informed decisions, and achieve their goals. The Importance of Financial Planning Financial planning is not just about saving money; it's about achieving long-term financial stability and security...

Starting the New Year on a Strong Financial Foot As we enter a new year, many of us are looking to make positive changes in our lives. For some, this might mean hitting the gym more regularly or eating healthier. But for those who want to take control of their finances and achieve long-term financial stability, starting with a strong budget is key. Why a Strong Budget Matters A solid budget helps you track your income and expenses, identify areas where you can cut back, and make conscious decisions about how you allocate your resources. It's not just about saving money – it's about living within your means and building a financial foundation that will serve you for years to come. Financial Experts Share Their Top Tips So what are the best ways to start the new year with a strong budget? Here are some expert-approved tips: Track your expenses : For one month, write down every single transaction, no matter how small. This will give you a clear picture of where your money is going...

The Trap of Looking Rich vs Being Secure Are you someone who always wants to look rich? The kind of person who wants a big house, fancy cars, and expensive clothes? Or are you more concerned with being secure? Having enough money in the bank to cover your expenses, knowing that you're prepared for life's uncertainties? It's easy to get caught up in the idea of looking rich. We're constantly bombarded with images of luxurious lifestyles on social media, and it's hard not to feel like we need to keep up appearances. But is this really what matters? Or should we be focusing on being secure instead? The Problem with Looking Rich Looking rich can be a costly mistake. It can lead to overspending, debt, and financial stress. Think about it: if you're always trying to show off your wealth, you'll be tempted to spend money you don't have on things that won't even bring you lasting happiness. Overspending : You might buy expensive clothes or gadgets just to im...

Frugal Living in 2025: Top Money-Saving Tips That Worked Are you tired of living paycheck to paycheck? Do you dream of saving money and achieving your financial goals? You're not alone. In today's economy, being frugal is more important than ever. But what does it mean to be frugal, exactly? Frugality is about making conscious choices about how you spend your money. It's about prioritizing what truly matters to you and cutting back on unnecessary expenses. And it's not just about sacrificing comfort; it's about living a more intentional life. Here are some of the top money-saving tips from people who have successfully adopted a frugal lifestyle in 2025: Cook at Home Save an average of $500-700 per month by cooking at home instead of eating out Plan your meals, make a grocery list, and stick to it Use coupons, discount codes, or cashback apps for groceries Eating out can be a major budget-buster. Not only is it expensive, but it's also often unhealthy. By cooking...

Supporting Transgender and Nonbinary New Yorkers Through Financial Empowerment As a city, New York has long been at the forefront of social progress. Recently, Mayor Adams announced an emergency fund to support the transgender, gender nonconforming, and nonbinary community with $2 million in much-needed assistance. This initiative not only acknowledges the unique challenges faced by these individuals but also provides a vital lifeline during times of crisis. The Importance of Financial Support For many members of this community, financial struggles are an everyday reality. Discrimination in employment, housing, and healthcare can lead to reduced income, increased expenses, and decreased access to essential services. This can exacerbate existing financial stress, making it even more difficult to achieve stability and security. The Role of TogetherBudget Achieving financial stability requires more than just a steady income – it demands smart budgeting, expense tracking, and long-term pla...

Taking Control of Your Debt in 2025: Top Companies and Smart Budgeting Tools Debt management has become a significant concern for many individuals and families. With rising interest rates, increasing living costs, and uncertain economic conditions, it's essential to have a solid plan in place to manage your debt effectively. In this article, we'll explore the top debt management companies of 2025 and highlight a powerful tool that can help you achieve your personal finance goals: TogetherBudget . Understanding Debt Management Plans Debt management plans (DMPs) are personalized strategies designed to help individuals pay off their debts efficiently. These plans typically involve working with a credit counselor or debt management company to negotiate lower interest rates, reduced fees, and manageable monthly payments. The goal is to become debt-free while minimizing financial stress. Top Debt Management Plan Companies in 2025 Based on recent industry trends and customer reviews, ...

Refresh Your Personal Finances for 2026 ============================================== As we step into a new year, it's essential to assess your personal finances and make adjustments to achieve your goals. The past few years have brought significant changes in economic conditions, interest rates, and market trends. It's time to refresh your financial strategy and ensure you're on the right track. Assess Your Current Financial Situation ---------------------------------------- Before making any changes, take a close look at your current financial situation: Income : Review your income sources, including salary, investments, and side hustles. Expenses : Track your essential expenses, such as rent/mortgage, utilities, food, and transportation. Debt : Calculate the total amount of debt you owe, including credit cards, loans, and mortgages. Savings : Check your emergency fund and retirement savings. Common Financial Goals for 2026 ----------------------------------- Many people...