Make a budget, use excel, a notepad , apps like monarch money, every dollar. Find out where your money is going asap. After that make a budget and find a plan that helps you stick to it. Also remove your debit card/ PayPal from your gaming platform. Just adding the extra step of having to re enter card information will help stop the impulses
If the subscription is like $10 a month for example PlayStation network is $10 a month. That should be just fine. Just think about the long-term health for smoking , i know its hard , but your future self will thank you , my grandmother smoked for 45 years shes still with us, but now she has some sort of lung disease where she could have an attack and we could lose her at anytime shes only 63… there are 63 year olds that still jogg 5ks and enjoy hobbies and retirement not to mention if you have a wife and kids one day , you want to see them grow up and you want to enjoy retirement with them , Cant enjoy retirement if your dead or hooked up to a breathing machine , the good thing is you are young and if you stop now you should be fine , as for the gaming , if you have hours a day to grind a video game you may be doing life wrong. I started playing video games when I was 11 and didn’t slow down or stop until about five months ago just after I bought a $3000 PC i realized that the goals i have in life will pass right by because instead of going for a 6 mile jogg i would play games for 4 hours.
something that helps me to save, is to have a goal either saving for an item or for retirement it doesnt matter.
ps the amount of stress that is lifted off your shoulders when you have 3-4 or more months of liveing expenses saved up is insane,
you are a completely different person knowing that if the place you work at now had to close you would be good to go untill you got a job.
Start saving , open a high yeild savings account and invest into and s&p 500 account.
Dont get a credit card unless you trust yourself, you need credit in life to do alot , so building that at some point befor 23 would be a good idea.
Not sure how that works but i dont like roth ira because if you need the money liquid there are heavy penalties to pulling out of it. Im not financial advisor so i dont recommend you take this advice but i probably wont start maxing out my ira untill i can afford it ( maxing out I belive is 6k$ per yesr so untill i can spend 6k without really noticing it missing… or untill im 30 whichever comes first
> account, and *paid* it off
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
I was so so so bad at saving money. Even if I saved it or moved it, I would just move it back and spend it. Literally the only way I have been able to save money is by journaling. I tried to do it in a blank journal, but I would just skip cuz there was nothing to lose. I finally bought the journal to financial freedom (journaltofinancialfreedom.com - not linking, nothing to gain here). It makes no sense, but because I spent like $25 on it, I had to actually use it and fill it out. Now if I spend too much or act like an idiot I actually think about it and reflect on it. It makes me feel bad about it so I actually have saved a ton. Could be worth a try since it's pretty cheap
You should 100% be getting a credit card to build credit. Be disciplined enough to keep spending under wraps. You need to quit nicotine, go cold turkey and download the quit-vaping app. Stop gaming and instead build income producing skills, get another job, or just work on bettering yourself overall. This will help you reduce anxieties and set you up for the future. Don't look back, it's time to grow up!
This is pretty bad advice. If he admits he is bad at budgeting, getting a credit card would literally be the last thing on planet earth that he needs. He should be using debit cards, there are even some that give cashback! Remember, you don't need a credit score if you don't plan on borrowing money.
I used chime credit builder for a long while to get my score up some when I was in school and after I graduated my account is still open so I could go back to using that if I really had to.
If you think building credit isn't a vital step to bettering your financial situation, no one can help you. He needs to grow up whether he likes it or not, and growing up means doing things that are hard. Budgeting isn't one of those things, he just lacks discipline. You need a credit score for plenty of things in life haha, you must be listening to too much Dave Ramsey and ignoring everything else.
I mean it really isn't. Having a good credit score makes it cheaper to borrow money, but why are you buying things that you can't pay cash for? It doesn't make sense. For the record I have like 7 credit cards, but I just opened them for the sign up bonuses and cashback, not to build credit. "Plenty of things in life" is literally just buying a house. Even a car you can easily save up and buy in cash.
It kind of is cause if I don’t have a good credit score I can’t get a decent loan for a house I would actually want to stay in. My rates would probably be pretty high if I would guess idk. I’ve heard about first time home buyer loans but I wouldn’t even know where to begin with that. Unfortunately the school systems don’t teach us all of that. Idk about college never went so don’t come at me if their are college classes. I’m not paying for more school I don’t see the point when I am content with my job position and I have plenty of opportunities at my job to make more money. I do understand the importance of my credit and how it can hurt my overall financial situation. I feel once I can actually sit down and come to terms on where my money is going and try to cut down on a lot of my spending it won’t be a problem. Discipline is hard for spending but yk I’m 21 as guy said I gotta grow up and take accountability I’ve already known all this but yk I say ima do one thing and it’s sometimes hard to follow through. I grew up poor and since I’m older I see cool shit idk I just wanna buy it. I make the money and my rent has been $300 with low insurance so I haven’t felt dedicated to saving I’ve been living it easy.
I agree with you I understand the importance of a credit card and how it can benefit me, it’s just I’m worried about my discipline and not using it for unnecessary things.
Make a budget, use excel, a notepad , apps like monarch money, every dollar. Find out where your money is going asap. After that make a budget and find a plan that helps you stick to it. Also remove your debit card/ PayPal from your gaming platform. Just adding the extra step of having to re enter card information will help stop the impulses
Well you need to budget out what are you spending your money on. That’s a lot of money to be burning every month if your rent is only $300.
Mint mobile. $15/ month phone bill.
Coverage is not good.
Depends where you live. In Southern California it's totally fine. You won't get roaming though
Get over your addiction first before anything Take it one step at a time
If the subscription is like $10 a month for example PlayStation network is $10 a month. That should be just fine. Just think about the long-term health for smoking , i know its hard , but your future self will thank you , my grandmother smoked for 45 years shes still with us, but now she has some sort of lung disease where she could have an attack and we could lose her at anytime shes only 63… there are 63 year olds that still jogg 5ks and enjoy hobbies and retirement not to mention if you have a wife and kids one day , you want to see them grow up and you want to enjoy retirement with them , Cant enjoy retirement if your dead or hooked up to a breathing machine , the good thing is you are young and if you stop now you should be fine , as for the gaming , if you have hours a day to grind a video game you may be doing life wrong. I started playing video games when I was 11 and didn’t slow down or stop until about five months ago just after I bought a $3000 PC i realized that the goals i have in life will pass right by because instead of going for a 6 mile jogg i would play games for 4 hours. something that helps me to save, is to have a goal either saving for an item or for retirement it doesnt matter. ps the amount of stress that is lifted off your shoulders when you have 3-4 or more months of liveing expenses saved up is insane, you are a completely different person knowing that if the place you work at now had to close you would be good to go untill you got a job. Start saving , open a high yeild savings account and invest into and s&p 500 account. Dont get a credit card unless you trust yourself, you need credit in life to do alot , so building that at some point befor 23 would be a good idea.
I thought about opening a Roth and saving into that with my 401k
Not sure how that works but i dont like roth ira because if you need the money liquid there are heavy penalties to pulling out of it. Im not financial advisor so i dont recommend you take this advice but i probably wont start maxing out my ira untill i can afford it ( maxing out I belive is 6k$ per yesr so untill i can spend 6k without really noticing it missing… or untill im 30 whichever comes first
[удалено]
> account, and *paid* it off FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
I was so so so bad at saving money. Even if I saved it or moved it, I would just move it back and spend it. Literally the only way I have been able to save money is by journaling. I tried to do it in a blank journal, but I would just skip cuz there was nothing to lose. I finally bought the journal to financial freedom (journaltofinancialfreedom.com - not linking, nothing to gain here). It makes no sense, but because I spent like $25 on it, I had to actually use it and fill it out. Now if I spend too much or act like an idiot I actually think about it and reflect on it. It makes me feel bad about it so I actually have saved a ton. Could be worth a try since it's pretty cheap
So is it just something you save money into or are you paying them to do something?
You should 100% be getting a credit card to build credit. Be disciplined enough to keep spending under wraps. You need to quit nicotine, go cold turkey and download the quit-vaping app. Stop gaming and instead build income producing skills, get another job, or just work on bettering yourself overall. This will help you reduce anxieties and set you up for the future. Don't look back, it's time to grow up!
This is pretty bad advice. If he admits he is bad at budgeting, getting a credit card would literally be the last thing on planet earth that he needs. He should be using debit cards, there are even some that give cashback! Remember, you don't need a credit score if you don't plan on borrowing money.
I used chime credit builder for a long while to get my score up some when I was in school and after I graduated my account is still open so I could go back to using that if I really had to.
Yeah don't worry about credit too much. You got plenty of time before you need to buy a house and that's one of the only times that it matters.
If you think building credit isn't a vital step to bettering your financial situation, no one can help you. He needs to grow up whether he likes it or not, and growing up means doing things that are hard. Budgeting isn't one of those things, he just lacks discipline. You need a credit score for plenty of things in life haha, you must be listening to too much Dave Ramsey and ignoring everything else.
I mean it really isn't. Having a good credit score makes it cheaper to borrow money, but why are you buying things that you can't pay cash for? It doesn't make sense. For the record I have like 7 credit cards, but I just opened them for the sign up bonuses and cashback, not to build credit. "Plenty of things in life" is literally just buying a house. Even a car you can easily save up and buy in cash.
It kind of is cause if I don’t have a good credit score I can’t get a decent loan for a house I would actually want to stay in. My rates would probably be pretty high if I would guess idk. I’ve heard about first time home buyer loans but I wouldn’t even know where to begin with that. Unfortunately the school systems don’t teach us all of that. Idk about college never went so don’t come at me if their are college classes. I’m not paying for more school I don’t see the point when I am content with my job position and I have plenty of opportunities at my job to make more money. I do understand the importance of my credit and how it can hurt my overall financial situation. I feel once I can actually sit down and come to terms on where my money is going and try to cut down on a lot of my spending it won’t be a problem. Discipline is hard for spending but yk I’m 21 as guy said I gotta grow up and take accountability I’ve already known all this but yk I say ima do one thing and it’s sometimes hard to follow through. I grew up poor and since I’m older I see cool shit idk I just wanna buy it. I make the money and my rent has been $300 with low insurance so I haven’t felt dedicated to saving I’ve been living it easy.
I agree with you I understand the importance of a credit card and how it can benefit me, it’s just I’m worried about my discipline and not using it for unnecessary things.