Personal Finance

I know this might just reflect financial culture differences across countries, but let’s give it a try...

48 years old, currently have no investments. My net worth is my car and the clothes on my back, and I don’t ever want to be in this situation again....

There's a lot of talk about inflation and its causes. Is it corporate greed? Supply chain issues? One clear base cause of inflation less talked about is having an inflationary currency supply. Any other inflation caused by supply chain issues, corporate greed, lack of market competition, etc is just added on top of that. Fiat...

Trying to get to know the community a bit more....

Prices of things are becoming absolutely insane. $800+ rent, $30,000 cars, $10 sub sandwiches, etc. It would be nice to do a 3/1 split and cut everything by 2/3. Then we would have $266 rent, $10,000 cars, and $3.33 sub sandwiches. Wages, debts, everything would drop to 1/3 what they are now. It would also make coins useful...

I was never a fan of the subscriptions model (I have never had a Spotify, Netflix, or any other similar services)....

My family uses credit cards for all purchases and we pay them off in full each month. Although sometimes we’ll use a 0% APR promotion for bigger purchases....

Intro...

I’m almost 40 and according to the wisdom found everywhere on the internet, I don’t have enough saved for retirement. Which worries me because I’ve been saving for as long as I’ve had a proper job with access to a retirement vehicle. But also because the internet wisdom doesn’t make sense or sound feasible....

Asking the question as it seems to be a recurrent issue among finance-aware people....

At the end of 2022, I discovered this software that I’ve been using all year. I’d like to hear your thoughts or experiences with GnuCash, or whatever system/program you use to track your personal finances!...

General financials:...

Following the credit card thread, I’ve learned that some people use credit card points and miles to pay for hotels, that seems pretty interesting....

The US government is telling everybody that inflation is 3.4% per year. That is not correct. Try 14.2% and that's about right. Source : gold/usd 1 year simple moving average.

Most people take a simple view of cash: they have a checking account for spending and a savings account for savings, and if they get fancy, they’ll have a CD for longer term savings goals. Power users will change to an online bank with better returns, and that’s about as far as it goes. That certainly works, but we can do a...

As the title says I am trying to see where people stand on this. Obviously this is all personal preference. But that is what I am after....

Hello everyone,...

cross-posted from: lemmy.world/post/3560407...

After years of Mint I’ve decided to look for other options. Im considering doing it myself in a spreadsheet but before I go that route (not ideal) I thought I’d see if anyone had recommendations on good basic family-budget apps. Would be great if it could link with bank accounts but I’m open to anything at this point.

I’ve had a few people in my life tell me that they lost X % of their 401k during the (insert financial crisis)....

cross-posted from: lemmy.ca/post/3527160...

A Vanguard video (m.youtube.com/watch?v=1nprZjV_6FM) refers to 4 budgeting methods...

The central banks of the world are guiding us to a perfect crash landing. Interest rates have remained elevated in an attempt to curb the inflation brought on by printing excessively during 2020 and 2021. This strategy has actually worked by reducing US inflation from over 9% at the beginning of the year to around 3.5% now,...

I’m talking about types of accounts, automatic transfers, etc. Feel free to mention specifics, but I’m more interested in higher level information like does your paycheck go to savings or checking, do you use automatic transfers, do you use a traditional bank account or something different, etc....

Hello everyone,...