personalfinance

cross-posted from: lemmy.crimedad.work/post/12162...

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....

FOSS/self hosted preferred, but open to anything!

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

More than 1 in 4 car shoppers in Texas and Wyoming have committed to paying more than $1,000 a month, and experts say it is due to the high volume of large truck purchases in those states, according to a report by auto site Edmunds....

Vehicles under $15k are 1.6% of the market, and their share of the market has dropped over 90% since 2019. The old advice that you can get a beater and drive it in to the ground for $5k hasn't been true for years but it still seems pervasive in personal finance spaces.

Definitely a trend I see around me (Europe, 30 years old)....

Comingle is an interesting idea that would act as a pseudo emergency fund to provide a stable week to week income for their users. It could act to stabilize your income if you have an irregular income or as an backup plan or insurance for when you lose a job or income source. It works by distributing the average of all their...

Do you track your expenses monthly? Annually? Do you have an app or do you use an excel spreadsheet? Any suggested tools?...

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)....

For four decades, patient savers able to grit their teeth through bubbles, crashes and geopolitical upheaval won the money game. But the formula of building a nest egg by rebalancing a standard mix of stocks and bonds isn’t going to work nearly as well as it has.

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...

These US healthcare systems are effectively scams. Yes in theory they can save you money, however in theory there is no difference between theory and practice, while in practice there is.

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....

About 36% of U.S. adults say they have less than $1,000 in their savings accounts....

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!...