Budgeting Archives - DR News - News, Retirement, Finance

‘Loud Budgeting’ Trending on Social Media as a New Approach to Financial Goals

New York, NY – As we welcome the new year, many people are looking for new strategies to achieve their financial goals. This year, a social media trend known as “loud budgeting” has gained popularity, particularly on TikTok. But what exactly is loud budgeting and how can it help you better manage your money? Loud budgeting is a money-saving technique that involves being vocal about declining social opportunities that could jeopardize your financial goals. This …

“Loud Budgeting” Trend Challenges the Notion of Expensive Being Cool in 2024, Reimagining Money Attitudes

New York, NY – The world of social media and fashion has been dominated by the concept of “quiet luxury,” where the goal is to project an image of wealth and sophistication. However, a new trend known as “loud budgeting” is challenging this status quo, promoting the idea that frugality can be just as cool. The rise of “loud budgeting” has been attributed to a TikTok user named Lukas Battle, who introduced the concept to …

Before Moving to Another State, Consider This First

If you’re contemplating a move to a different state, you’ve likely considered state income taxes when making your decision. However, it’s important to also consider the impact of state and local sales taxes on your budget. Four states—Delaware, Montana, New Hampshire, and Oregon—do not impose statewide sales taxes, nor do they have local sales taxes. While lacking a statewide sales tax, Alaska permits cities and towns to impose sales taxes. When factoring in these local …

10 Ways to Eradicate Your Wealth and Ruin Your Retirement in Five Years

One of the greatest fears for many people is suddenly being stripped of their wealth through mismanagement or bad investments. Unfortunately, this fear can become a reality in a matter of years if you don’t take steps to protect your finances. Let’s explore ten ways that can lead to the loss of your wealth within five years and suggest how to be smart with your money and avoid such financial circumstances. Not Sticking to Your …

Unlock the Secrets to Retiring Early with These Healthy Habits

Financial freedom is the aspiration of many, defined as having enough savings, investments, and liquid assets to support the lifestyle of your choice. It also means having a substantial nest egg, allowing you to retire or choose any career without the pressure of a specific income. However, many fall short due to overspending, debt, or unforeseen financial emergencies. Here are 12 habits to guide you toward this goal: # 1 Set Life Goals: Define what …

Ready for a 20-Year Retirement? Discover the 5 Crucial Steps to Ensure Financial Readiness

Most Americans aspire to live until they reach the age of 100, but unfortunately, only 3 out of 10 can afford a retirement lasting more than 20 years. This reality has raised concerns about financial security during the golden years for many retirees. A recent survey conducted by Edward Jones in collaboration with Age Wave has revealed that only 30% of Americans are confident that they can afford a retirement that lasts more than 20 …

Financial Planning for Dummies: Simple Steps to a Richer Life

Financial planning, budgeting, retirement savings, estate planning, debt management, emergency fund, tax planning, investment portfolio, financial goals, holistic life planning, financial advisor, Financial Planning for Dummies: Simple Steps to a Richer Life Financial planning involves assessing one’s financial situation and preparing for short-term and long-term financial goals. It goes beyond just managing investments and encompasses areas such as tax planning, estate planning, insurance planning, budgeting, and day-to-day expense management. It can be seen as a …

How To Fix Your Retirement Plans When They’re In Danger

Almost anything may derail a well-thought-out retirement strategy. Fortunately, you may increase your chances of a successful retirement by avoiding common blunders that threaten your ability to retire independently and securely.

‘Loud Budgeting’ Emerges as New Financial Trend Thanks to TikTok User

New York, USA – The concept of budgeting has taken a new turn with the rise of “loud budgeting,” as coined by TikToker Lukas Battle in December. This new approach to personal finance reflects a shift from quiet frugality to a more assertive, boundary-setting mindset. The idea is to openly declare one’s willingness to spend and what one is not willing to spend on, a departure from traditional budgeting associated with spreadsheets and hushed discussions. …

Retirement Budgeting Secrets: How to Live Comfortably for 20 – 30 Years

Planning for retirement involves careful consideration of how much money to expect to spend during the golden years. To ensure a financially secure retirement, analyzing how budgeting fits into the plan is crucial for longevity that spans decades. Financial advisors typically recommend that retirement income should replace 70% to 85% of pre-retirement pay. However, simply adhering to this goal assumes that life won’t change in retirement. As such, it’s important to understand how spending will …