We're in our mid 50s. With one kid finishing up college and another finishing middle school, our financial priorities are the younger one's education and our retirement. I'm happy to say we're well on the way to both.
I have several that all lead to an ultimate goal: buying my first home (and at close to 50, I need to step this up!). So my goals include improving my horrible credit rating/score, paying off debt, and saving toward my down payment/moving/closing costs.
It was only a year or two ago that the return on the S&P500 was ZERO over a span of 10 years. Imagine, making nothing on your investment for TEN years, with that nice 35%+ drop back in 2008.
My top financial priority right now is paying down debt via snowball method. I plan to start with my lowest balance credit card, and then tackle the student loans thereafter.
My top financial priority is cleaning up my credit to purchase a home.
I was laid off from work in 2008 and became homeless for almost two years. I searched for work while living everywhere in my current city from stairwells to living room floors. Eventually, I found work and a program to uplift me from poverty and was able to retain a home until recently. I have now been seeking another home. My father passed away and financially, it took a toll on me. I was in the midst of cleaning up my finances, credit, and acquiring a new position with better pay.
I am very optimistic about my situation. I believe if I could continue on this path, I will be able to move forward financially on the right foot. I currently work three jobs, and am seeking to return to school. I have a temporary place to live. My dream is to own my own home and to live debt free. I live underneath my means, and have increased my credit scores by about 10% since March. I have been attending workshops through my credit union as well as community agencies to educate me more about my finances, how to take control of them, as well as the homeowner/purchase process.
I miss her everyday, I was given The art of French cooking in 1970 and I have used it a lot..I enjoyed her joy of life and all she did for civilized people to dine together..I loved her takes on modern life, she has a sweet cooking show on pbs here and all who are great bakers and chefs were there to learn from the Queen Bee as I call her, rest in peace Miss Julia there will never be the likes of such a person on this earth again!
My husband and I are saving up for a down payment on a house, so that's our top financial priority right now. We plan to buy around the new year, so we're really pushing hard to save as much as we can over the next few months.
Another way a lot of people don't think about saving money is on their prescription medications. Often times you can find better rates if you shop around to different pharmacies. There is a great, free website: MEDFISHER that takes all of the legwork out of calling each pharmacy to see who has the best price. You can input your medication names and, based on the zip code that you enter, MEDFISHER will find pharmacies close to you that have the best rates. You can get your free voucher one of three ways: email, print or text. You take the voucher to the pharmacy when you get the prescription filled and, voila, the price you pay will be the price that was listed on MEDFISHER. No surprises! Here's a tip: If you are on a generic maintenance medication try looking it up on MEDFISHER to see what the price for a 90 day supply would be. You might be surprised to see that your prescription is less expensive for a 90 day supply with one of their vouchers than it is month-to-month with your insurance. It also works for Medicare Part D members when they have a prescription that is not covered by Part D. It's free, easy and it could save you some money. And we all like that.
My shoes are really my pride and joy. I own so many pairs and I wear all of them as much as I can. I hate it when a pair starts to break and throwing them away is so hard. Currently, my favorite pair of boots' soles are separating. I really need to make the shoe repair soon. I will have to test out that shoe goo stuff that you suggest, thanks for sharing!
One thing I try to do now is to get a start on anything I'm planning on making myself. Planning on giving Handmade gifts for Christmas is a great way to save money, and making handmade items to sell is a good way of supporting some of my favorite causes, but you have to finish them on time and life has a funny way of interrupting.
Really helpful post here actually, financial restraints are an issue when it comes to freelancing.
Freelancing can be a risky career, but also can be pretty good, in terms of financial rewards. But I would definitely choose a career path, which is 1. interesting and something you would enjoy 2. make sure you do the research into the industry, to see if you would be able to compete and survive in a chosen market, otherwise your business idea will crumble, I'm afraid to say..
My top priority right now is to get of debt. Making slow, but steady progress!
We're in our mid 50s. With one kid finishing up college and another finishing middle school, our financial priorities are the younger one's education and our retirement. I'm happy to say we're well on the way to both.
Mine is always the same (which maybe is a bad sign): to pay off my student loans!!
Saving enough for retirement and maintaining a budget that prioritizes experiences with the people I love over unnecessary things.
I have several that all lead to an ultimate goal: buying my first home (and at close to 50, I need to step this up!). So my goals include improving my horrible credit rating/score, paying off debt, and saving toward my down payment/moving/closing costs.
Invest in stocks.... LOL.
It was only a year or two ago that the return on the S&P500 was ZERO over a span of 10 years. Imagine, making nothing on your investment for TEN years, with that nice 35%+ drop back in 2008.
My top priority is to build up an emergency fund and then to build up a vacation fund.
Paying off debt.
My #1 financial priority is building back a realistic emergency savings.
My top financial priority right now is paying down debt via snowball method. I plan to start with my lowest balance credit card, and then tackle the student loans thereafter.
My top priority is saving enough for retirement.
Paying off Credit Card
My top financial priority is cleaning up my credit to purchase a home.
I was laid off from work in 2008 and became homeless for almost two years. I searched for work while living everywhere in my current city from stairwells to living room floors. Eventually, I found work and a program to uplift me from poverty and was able to retain a home until recently. I have now been seeking another home. My father passed away and financially, it took a toll on me. I was in the midst of cleaning up my finances, credit, and acquiring a new position with better pay.
I am very optimistic about my situation. I believe if I could continue on this path, I will be able to move forward financially on the right foot. I currently work three jobs, and am seeking to return to school. I have a temporary place to live. My dream is to own my own home and to live debt free. I live underneath my means, and have increased my credit scores by about 10% since March. I have been attending workshops through my credit union as well as community agencies to educate me more about my finances, how to take control of them, as well as the homeowner/purchase process.
I'll get there with a lot of faith!! :)
#1 priority is establishing a savings method for our new daughter's schooling
I miss her everyday, I was given The art of French cooking in 1970 and I have used it a lot..I enjoyed her joy of life and all she did for civilized people to dine together..I loved her takes on modern life, she has a sweet cooking show on pbs here and all who are great bakers and chefs were there to learn from the Queen Bee as I call her, rest in peace Miss Julia there will never be the likes of such a person on this earth again!
My husband and I are saving up for a down payment on a house, so that's our top financial priority right now. We plan to buy around the new year, so we're really pushing hard to save as much as we can over the next few months.
We just bought our first house so my #1 priority is to stick to the new budget.
My top financial priority right now is paying off debt.
A shaded parking spot! esp in the heat of summer! I don't mind even if the bird decides to leave me a present! :)
Another way a lot of people don't think about saving money is on their prescription medications. Often times you can find better rates if you shop around to different pharmacies. There is a great, free website: MEDFISHER that takes all of the legwork out of calling each pharmacy to see who has the best price. You can input your medication names and, based on the zip code that you enter, MEDFISHER will find pharmacies close to you that have the best rates. You can get your free voucher one of three ways: email, print or text. You take the voucher to the pharmacy when you get the prescription filled and, voila, the price you pay will be the price that was listed on MEDFISHER. No surprises! Here's a tip: If you are on a generic maintenance medication try looking it up on MEDFISHER to see what the price for a 90 day supply would be. You might be surprised to see that your prescription is less expensive for a 90 day supply with one of their vouchers than it is month-to-month with your insurance. It also works for Medicare Part D members when they have a prescription that is not covered by Part D. It's free, easy and it could save you some money. And we all like that.
Joel Tillinghast - 25 year track record also as a Fidelity manager.
My shoes are really my pride and joy. I own so many pairs and I wear all of them as much as I can. I hate it when a pair starts to break and throwing them away is so hard. Currently, my favorite pair of boots' soles are separating. I really need to make the shoe repair soon. I will have to test out that shoe goo stuff that you suggest, thanks for sharing!
One thing I try to do now is to get a start on anything I'm planning on making myself. Planning on giving Handmade gifts for Christmas is a great way to save money, and making handmade items to sell is a good way of supporting some of my favorite causes, but you have to finish them on time and life has a funny way of interrupting.
Really helpful post here actually, financial restraints are an issue when it comes to freelancing.
Freelancing can be a risky career, but also can be pretty good, in terms of financial rewards. But I would definitely choose a career path, which is 1. interesting and something you would enjoy 2. make sure you do the research into the industry, to see if you would be able to compete and survive in a chosen market, otherwise your business idea will crumble, I'm afraid to say..
Thanks for catching that, Mike!