Reply to $155K HHI and broke

Forum Index » Money and Finances

Reply to "$155K HHI and broke - any tips?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]You are just guessing at your bills.  [b]Register with mint.com[/b] or YNAB (google it) and tie your accounts to it.  It will log every transaction which can then be categorized (it does most of that automatically -- Safeway = groceries, etc.).  After a month you will see places where you can lower expenses.  Then tackle everything like insurance, cell phone plans, extra monthly draws that you have on your account that you really weren't thinking about (fee for on-line banking for example, subscription to Angies list, or Tivo, stuff like that).  Lower your standing bills, and then reduce your discretionary expenses by buying cheaper or postponing gratification.

See if you can lower your student loan payments if they are Federal loans through the program that ties the payments to your income.  GL! [/quote]

Another vote for mint.com - when we went to one income, it was the only way to really track our expenses, and also get both of us on the same page (literally) to see exactly where every penny went. It's worth spending your weekend getting this set up and start to really see where expenses go.  It also has a bill reminder feature so you can set up your repeating monthly expenses; it's a great way to look ahead and see what has to get paid out of the next paycheck, so you can more closely monitor cashflow.

Also, as another PP suggested, check your tax withholdings. Did you owe any taxes for 2012? Did you get a refund? If the latter, then you definitely need to adjust withholdings. Use the IRS W-4 calculator to try and get a read on your 2013 tax liability. Now's a good time to do this as you're partly through the year and have time to see a real difference from withholdings, both federal and state.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics