My husband. I have converted him from being a spendthrift, so now he does consider what he wants, and why he wants it, but he still does not care abotu the work that goes into personal finance. Turning in recieps for reimbursement is not important to him. He does it becaseu it is important to me and I often ask him if he's done it yet.
He intellectually understands the importance of having a plan, savings account, insurance.etc, but he knows he can also worry himself to death abotu these things, so he avoids thinking about them.
My biggest financial challenge is trying to find a place to put my savings. Savings rates have been really low for a while that it doesn't seem worth it.
Right now the biggest financial problem for my husband and I is building up our emergency fund on top of trying to max out our individual Roth IRAs for the year.
Our only debt is a small amount remaining on my husband's student loans. We don't live extravagantly by any means (we rent a 1br apartment and rarely go out other than for dinner 1x/week. no movies, no bars, etc), but the savings is going very slow.
It just leaves us wondering how people with much smaller salaries are getting by if it's tight for us to do without going into debt.
@wisebread #WBAsk My biggest financial challenge is saving larger sums of money like money for a vacation or save for a house down payment.
http://twitter.com/#!/jenesparza
Toughest financial challenge? That's an easy one. My husband and two kids all have chronic medical issues. Sometimes our medical bills for the year are only $10,000, but some years it's been over $20,000. Tough to plan for catastrophic level medical bills, especially when medical is already a huge chunk of our monthly outlay!
Keeping within our budget is our biggest financial issue right now. My husband stays at home with our three year old twins, and I work full time. Having him at home has been priceless but living on one income has been a struggle. We have tried to be as frugal as possible, but it is frustrating when we can't afford to do special activities with the boys, like the zoo, a baseball game, etc. I'm doing my best to be creative with inexpensive activities for them.
My biggest financial challenge is making the money to be able to save! We live paycheck to paycheck and just don't have the opportunity or means to save anything! It's scary to think of what we're going to do later on in life!
I work for the government here in the US and there are ways around the system. We do get about 2 weeks paid (holiday vacation) per year, we also recieve 2 weeks of (paid)sick leave if we use it per year, we get another two weeks (but unpaid) vacation per year, and in my agency we currently have the option(s) to work 4 10-hr days or 5 8-hr days. I chose the 4 10hr work days, which gives me an additional 48 days (6-weeks) off per year. I love my job, and could not see it any other way, its not stressful (at all) and I don't have to check my emails or calls when I'm out. However, I will say that jobs (hours, days-off, lifestyles) do vary here in America so just keep that in mind.
there is one more thing that can help the above ...
a separate travel account, most banks will allow you to have a second account for free if you meet the requirements for the primary account(ie direct deposit)
i leave my primary account debit card at home and put about $500 in to the secondary account. When i need more i transfer $ via my mobile web on my phone ..
This proved it self last year. My card was skimmed at an atm in france. they got both the # and pin and emptied out the $500 balance my account in 25 hrs i started getting over draft notices after 48 hrs .. if it had been my primary it would have been days before i would have know .. (i got it all back btw)
My biggest financial challenge is to save for the future. We do save some, but I would love to save more. I would also like a vacation more than once every 3 years, but since we don't want to go into debt, I enjoy them when I get them!
My husband. I have converted him from being a spendthrift, so now he does consider what he wants, and why he wants it, but he still does not care abotu the work that goes into personal finance. Turning in recieps for reimbursement is not important to him. He does it becaseu it is important to me and I often ask him if he's done it yet.
He intellectually understands the importance of having a plan, savings account, insurance.etc, but he knows he can also worry himself to death abotu these things, so he avoids thinking about them.
Re-payment of debt - seems almost insurmountable at times. @SarahVarga
My biggest financial challenge is trying to find a place to put my savings. Savings rates have been really low for a while that it doesn't seem worth it.
Right now the biggest financial problem for my husband and I is building up our emergency fund on top of trying to max out our individual Roth IRAs for the year.
Our only debt is a small amount remaining on my husband's student loans. We don't live extravagantly by any means (we rent a 1br apartment and rarely go out other than for dinner 1x/week. no movies, no bars, etc), but the savings is going very slow.
It just leaves us wondering how people with much smaller salaries are getting by if it's tight for us to do without going into debt.
@wisebread #WBAsk My biggest financial challenge is saving larger sums of money like money for a vacation or save for a house down payment.
http://twitter.com/#!/jenesparza
http://twitter.com/#!/AngelMom037/status/73026903203786755
Liked Wise Bread on Fb
Borage oil can be substituted for fish oil. Look for 'vegetarian' formula EFA supplements.
Our biggest financial obstacle is losing an income when my husband lost his job last year. It's been a tough road finding a new job!
Toughest financial challenge? That's an easy one. My husband and two kids all have chronic medical issues. Sometimes our medical bills for the year are only $10,000, but some years it's been over $20,000. Tough to plan for catastrophic level medical bills, especially when medical is already a huge chunk of our monthly outlay!
My biggest financial is just paying all the bills. On a fixed income and by end of the month less money. Everything is going up but not the income.
Keeping within our budget is our biggest financial issue right now. My husband stays at home with our three year old twins, and I work full time. Having him at home has been priceless but living on one income has been a struggle. We have tried to be as frugal as possible, but it is frustrating when we can't afford to do special activities with the boys, like the zoo, a baseball game, etc. I'm doing my best to be creative with inexpensive activities for them.
my tweet http://twitter.com/#!/textiff/status/73021678191509504
paying off school loans!
I clicked Like on the Wisebread Facebook page.
I tweeted as well: http://twitter.com/#!/hillarief/status/73023504999649280
My biggest financial challenge is paying off debt...credit card bills!
@textiff
follow as Sheryl Edwards on Facebook
1. Paying off mortgage
2. Paying off husband's student loan
3. Trimming the budget to find more money to invest at same time
my tweet http://twitter.com/#!/textiff/status/73021678191509504
Re-payment of debt. Seems unsermountable at times.
My biggest financial challenge is making the money to be able to save! We live paycheck to paycheck and just don't have the opportunity or means to save anything! It's scary to think of what we're going to do later on in life!
Biggest financial challenge is paying off credit card bills!
My biggest challenge is saving. I have always had a problem keeping up a savings account and its something I intend to continue to work on.
I work for the government here in the US and there are ways around the system. We do get about 2 weeks paid (holiday vacation) per year, we also recieve 2 weeks of (paid)sick leave if we use it per year, we get another two weeks (but unpaid) vacation per year, and in my agency we currently have the option(s) to work 4 10-hr days or 5 8-hr days. I chose the 4 10hr work days, which gives me an additional 48 days (6-weeks) off per year. I love my job, and could not see it any other way, its not stressful (at all) and I don't have to check my emails or calls when I'm out. However, I will say that jobs (hours, days-off, lifestyles) do vary here in America so just keep that in mind.
there is one more thing that can help the above ...
a separate travel account, most banks will allow you to have a second account for free if you meet the requirements for the primary account(ie direct deposit)
i leave my primary account debit card at home and put about $500 in to the secondary account. When i need more i transfer $ via my mobile web on my phone ..
This proved it self last year. My card was skimmed at an atm in france. they got both the # and pin and emptied out the $500 balance my account in 25 hrs i started getting over draft notices after 48 hrs .. if it had been my primary it would have been days before i would have know .. (i got it all back btw)
My biggest financial challenge is to save for the future. We do save some, but I would love to save more. I would also like a vacation more than once every 3 years, but since we don't want to go into debt, I enjoy them when I get them!