Money Mindful (2024)

02/12/2021

Truth: Everyone makes enough money to be an investor! It often comes down to your spending habits. Many people do not budget, and instead spend when they should save and invest. Check out our post about using a 60/20/20 budget to begin saving today & ☂️

01/12/2021

🎄 🎄 Could you use $100 to take the edge off your holiday shopping? Of course you could! So, as a thank you to everyone for following along Money Mindful]]]] during our humble beginnings, and as a welcome to some new followers, we’re giving away a pair of $50 prepaid credit cards!💰 All you have to do to enter is:

1. Follow us Money Mindful]]]]
2. Tag a friend you’d share your prize with!
3. Like this post!

Giveaway open to US & Canadian residents. The winner will be announced on Friday, Dec 17th! Good luck & thank you for following!

Money Mindful]]]]
Money Mindful]]]]
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24/11/2021

A lot of information online around budgeting focuses on the 50/30/20 method, where 50% of your monthly take-home pay goes toward living expenses, 20% toward savings, and 30% toward personal spending. However, we are here to tell you that a 60/20/20 strategy is the best option.

The fact is, life isn’t getting any less expensive. Allocating 60% of your budget for living expenses introduces some flexibility when it comes to managing fluctuations such as vehicle expenses, groceries, and utilities.

How does the 60/20/20 budget work?

For ease of numbers, let’s assume that your monthly take-home pay is $4,000. According to the 60/20/20 budget strategy, your income planning should look like this:

🍰 $2,400 allocated to your monthly living expenses
🍰 $800 to your savings plans
🍰 $800 to your personal wants

For more details about the 60/20/20 method, and how to make it work for you, head to the link in our bio!⁣⁣⁣⁣⁣

23/11/2021

Truth: When it comes to making more money, patience and discipline are more important than your initial access to money. Stay long term focused, make small changes each day to focus on your savings goals, and keep in mind that even one dollar per day can grow to a million dollars over time! ☂️⁣⁣⁣⁣⁣

18/11/2021

Mastercard announced on Tuesday that it’s joining hands with Hong Kong’s crypto finance firm Amber Group, Thailand’s crypto exchange Bitkub and Australia’s trading platform Coinjar. The partnership intends to introduce cryptocurrency-linked credit, debit and prepaid cards for both individuals and businesses across Asia Pacific. Cardholders will be able to instantly convert bitcoin and other digital currencies into fiat currencies, which can then be spent online or offline with any of the merchants that accept Mastercard payments.

17/11/2021

Did you know your child can get a FREE birthday call from The Paw Patrol or their favorite Nickelodeon character?! The Nickelodeon Birthday Club can make your next child’s birthday even more special with a call from members of The Paw Patrol or their other favorite Nickelodeon characters! Nickelodeon opened the Birthday Club to help parents make birthdays even more special, and the best part is…IT’S FREE! Not only can your child receive a call on their birthday, customized the way you’d expect, but there are also free printables, activities, and party planning tips! Want to make your child’s special day even better? Head to the link in our bio to get started! ⁣⁣⁣⁣⁣

16/11/2021

You’ve heard of the Mile High Club, but have you heard of the 800 Club? The 800 Club is an exclusive rank of individuals whose credit scores are 800+. Roughly 20% of consumers can boast an 800+ credit score so while it is tough to attain, it’s by no means impossible! Here are 5 tips to help get you into the 800 Club.

💸 Use the card regularly.
💸 Do not carry a balance.
💸 Make your own payment schedule.
💸 Don’t miss your payments.
💸 Ask for frequent credit limit increases.

12/11/2021

Let’s here it!👇

12/11/2021

Invest in _______? 👇

11/11/2021

A progressive take on the age-old question – should you rent or buy your house?

Your parents may have spent years telling you that purchasing a home should be your main goal when entering your late 20’s / early 30’s but we are here to tell you that renting may not be all that bad.

Do you value flexibility in where you live? Maybe you have a job that has become fully remote since the pandemic and you are now able to live wherever you want. The fact is, changing your mind about where you want to live is far more expensive when you own your home.

In general, the overall cost of homeownership tends to be higher than the overall cost of renting. That is true even if the monthly mortgage payment is similar to (or lower than) the monthly rent.

Here are some expenses you’ll be spending money on as a homeowner that you generally do not have to pay as a renter:

· Mortgage interest
· Property taxes
· Condo fees
· Repairs and maintenance
· Pest control
· Tree trimming
· Homeowners insurance
· Pool cleaning (if you have one)
· Lender-required flood insurance (in some areas)
· Earthquake insurance (in some areas)
· Trash pickup (some landlords require renters to pay this)
· Water and sewer service (some landlords require renters to pay this)

What’s your opinion on the subject? Drop us a comment, give us a follow & share with your network!

09/11/2021

How are you working towards the goal of passive income? Let us know in the comments! 👇

08/11/2021

Truth: Money has little to do with love, and is one of the biggest reasons couples argue. If you have conflicting values about money and fail to take into account the other’s point of view, it’s going to be difficult on your relationship. It’s important to remember that you were likely raised differently when it comes to money and as such, value (and spend!) it differently. ☂️⁣⁣⁣⁣⁣

06/11/2021

Protect your financial fortress with these 🖐 defensive strategies 🏰

1. Set aside an emergency fund in the amount of 3 months worth of spending.
2. You must maintain an up-to-date will.
3. If you have dependents, purchase life insurance through a trusted source.
4. Protect your income with disability and critical illness insurance.
5. If you are a senior, consider setting up long-term care coverage.

☂️

05/11/2021

The magic of compound interest.🪄 Send this to someone who’s new to investing!

03/11/2021

What is financial freedom? For some it would mean early retirement and never working another day of their life, but what if you really enjoy what you do for a living? Being financially free does not mean you have to quit your job and go live on an island with an endless supply of rum, although that does sound like a passable existence. The best part about financial freedom is having the option to work.

Here’s a crazy question – what if time, location, and financial freedom were within reach for almost anyone with just 3 simple steps? Are you intrigued? Where you’re from is nothing compared to where you can go. Tap the link in our bio to learn more.

02/11/2021

The average person believes being rich is a privilege awarded only to a few “lucky” people. Most people who identify as middle class believe that whatever cards they’re dealt, their efforts and investments in education, professional skills, homeownership determines how much money they have. Meanwhile, the ultra wealthy know that in a capitalist country, they have the right to be rich if they’re willing to create massive value for others.

Head to the link in our bio to get started. ☂️

01/11/2021

Top 5 kitchen hacks to save you money! 👇

1. Make coffee at home. Making your own coffee every morning can save you upwards of $1,200/year. Safe to say most of us would sign up for a $1,200 bonus to our annual income! ☕️

2. Use items like reusable paper towels, containers, and wax paper. ♻️

3. Grow your own herbs! 🪴

4. Leftovers for the win. 🥘

5. Cut your sponges in half! 🧽

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31/10/2021

Money saving tips ☂️
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28/10/2021

Are you unable to afford a rental property in your area due to an out of control market? Here are two tips for navigating your way around that! 🏡

Tip 1: You may want to consider real estate investment trusts (REITs), which are historically one of the best-performing asset classes available on the stock market. REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels, and commercial forests.

Tip 2: Remote Real Estate Investing! Just like many of us are now working from home due to the pandemic, the same can be said for real estate investors who’s local markets aren’t flush with cash-flowing properties. Once you have weighed the pros and cons of buying property remotely and are comfortable with the risks associated, you are not restricted to properties in your area. This means you can now look in areas where properties are within your budget or have the highest cash-flow!

Happy investing and as always, be mindful! ☂️

27/10/2021

Healthy meals on a budget, ready? Go!

Roast Chicken and Vegetables ~ $2.72 per serving! 🍗
Antipasti Penne ~ $2.81 per serving! 🍝
Chicken, Pepper and Corn Stir-Fry ~ $2.38 per serving! 🥘
Beefy Stuffed Sweet Potato ~ $2.69 per serving! 🥩
Bean, Kale and Egg Stew ~ $2.09 per serving! 🍳

Never sacrifice healthy eating for anything! ❤️ Let us know your go-to cheap & healthy meals!👇

26/10/2021

Let’s talk “lifestyle creep”, which some of you may also know as “lifestyle inflation”. This is a common trap that lots of us fall into. When our income goes up, our spending goes with it and things that we once thought were too expensive suddenly become necessities. If you’re currently paying $2 for a cup of coffee, don’t increase that to $5 just because you got a 10% raise. Avoiding lifestyle creep is one of the keys to unlocking early wealth. 🔐

As always, be mindful.☂️

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25/10/2021

☔️ 5 tips that will improve your financial well-being no matter what stage of life you’re in. Remember, it’s never too late to take hold of your financial situation.

1. Spend Less Than You Earn

No matter how much or how little you are paid, you may find it difficult to get ahead if you spend more than you earn. Careful cuts to your spending can result in big savings.

2. Stick to a Budget

A budget will show where your money is going. Depending on when you are paid, you may decide on a weekly, fortnightly, or monthly budget. You need a budget regardless of how much you earn a year.

3. Start Saving Early

It’s often said that it’s never too late to start saving for retirement. That may be true (technically), but the sooner you start, the better off you’ll likely be during your retirement years.

4. Pay Off Your Debt

One of the most expensive mistakes that you can make is to carry a lot of debt, especially high-interest credit card debt. If you want to change your financial picture and gain more financial opportunities, pay off your debt as quickly as possible.

5. Build and Maintain an Emergency Fund

An emergency fund is just what the name implies: money that has been set aside for emergency purposes. The fund is intended to help you pay for things that wouldn’t normally be included in your personal budget: unexpected expenses such as car repairs or an emergency trip to the dentist.

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24/10/2021

What are your financial goals?💰 Let us know down below!👇

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23/10/2021

Welcome to Money Mindful where our goal is to improve your financial well-being through information, empowerment, and a little bit of fun!

Whether it’s passive income, early retirement, optimal work-life balance, cash flowing assets, or just plain financial freedom, we’re here to help you achieve it all.

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