Author: Plutus Foundation

Happy Wednesday Plutus Family! Check out what we have for you this week.

Remembering Mom’s Money Lessons. [Margin Matter$] — “As I reflect on the life I had with my mother, here are some of the things that I remember the most regarding how she shaped my money mindset.” (Submitted by J. Money.)

Financial Seasons Yields Strategy: How the Pain Helps You to Pivot. [The Brands and Bands] — “I spent about 3-4 years living in overdraft. I moved to Texas & was still only getting paid $15/hr with a masters while I was obtaining hours. This week I just went shopping for myself for the first time in 4-5 years. Not just buying one outfit for an occasion— I went shopping.” (Submitted by Tarsha.)

How To Live Below Your Means: Mastering the Art of Financial Discipline. [A Dime Saved] — “Living below your means means spending less money than you earn. In other words, it means maintaining the financial discipline to keep your expenses under control. This way of living can help you in achieving financial freedom and stability.” (Submitted by Tarsha.)

Hey Plutus family, it’s that time again. Check out what we have for you this week!

The Important, and Unimportant. [J L Collins] — “Important: becoming financially independent. In doing so you have bought your freedom. Freedom to spend your life and time as you wish without the need to trade your labor for money. Unimportant: whether you choose to retire from your job or keep working once you are FI. Being FI doesn’t require you to quit a job you enjoy. It just means you get to choose.” (Submitted by J. Money.)

Myth Busting Women’s Banking for Women’s History Month. [Femme Frugality] —”I keep seeing articles and some allusions on big financial sites that say something along the lines of, “It was illegal for women to have bank accounts in their own name before the 1960s.” (Submitted by Tarsha.)

Stop Using Finance as Your Coping Mechanism. [We Want Guac] — “Money is no substitute for relationships or achieving your goals. Money can certainly give you a nice roof over your head, food, clothes, experiences. It can even set you free from working for the rest of your life, if you so wish. It just won’t replace your need for a deep connection with others, nor will it truly fill the void with the less tangible qualities of life.” (Submitted by J. Money.)

No one likes to be cheated on but is it ok to cheat on your bank.

Check out what we have for you this week Plutus Family!

Cheat On Your Bank-It’s Not Your Girlfriend. [Bitches Get Riches] — “When it comes to banks, I am a proud philanderer. Practically a libertine! A player! I keep money here, I keep money there… it all depends on what’s most useful and effective for both my long- and short-term money goals. Here’s where I keep my money and why.” (Submitted by J. Money.)

Episode 24: Grants for Autistic Family members with Sheletta Brundridge. [Mom Autism Money] —”You can use this money to fund therapy and healthcare needs, on top of everyday needs like weighted blankets, trampolines, fences, and home security systems. We’ll talk about how to find grants, how to write a successful application essay, and how to avoid scams as you conduct your search.” (Submitted by Tarsha.)

Trust Where You Are. [Millennial Money]— “Remember, this is not a race. This is about building a life you love on your own terms and in your own way. There is no set path. Only your path. All progress is progress.” (Submitted by J. Money.)

Now a days, people try to come up with ways to become rich. They may have an invention that took off, or maybe won the lottery. They tried everything to get rich and succeeded. Do they have what it takes to stay rich?

Check out what we have for you this week Plutus Family!

Everyone Says I Need a Roth IRA. Do I really? [Women Who Money] — “What could be more attractive than being able to salt away thousands of dollars each year, have that money grow over decades free of tax, and then withdraw both what you contributed and what you earned in dividends with no tax liability at all?”  (Submitted by Tarsha.)

Do you Have a Treasure Map? [Wallet Hacks] —”The Treasure Map is the qualitative explanation of our financial setup. It is a Word document that explains the purpose of each account, the point of contact, and how each of the pieces fit together. Our treasure map starts with our financial map – which is a drawing of how our accounts are interconnected. Together, they give you a complete picture of our finances.” (Submitted by J. Money.)

Getting Rich vs Staying Rich. [Fi Physician]— “Once you are rich, you aim human capital towards staying rich. While you should keep some concentration going (do what you love or what you are good at), it is also time to take some cards off the table. You’ve got to stay rich, too.” (Submitted by Tarsha.)

Hey Plutus family, it’s that time again. Check out what we have for you this week!

Unclaimed Funds: Look for Them! [Surviving and Thriving] — “You might be owed money. Go look for it! And if you find any, I hope you’ll come back and report it, to encourage other readers.” (Submitted by J. Money.)

Fear of (No) Commitment. [Money by Lisa] —”Some time ago, I read a research article that sought to answer the conundrum, why do some people carry debt when they have the means to pay it off? On its face, it doesn’t appear to make sense to simultaneously have a persistent, interest-accruing credit card or personal loan balance and a better-than-bare-minimum savings account balance. Then again, by now, I think that we all appreciate that financial decisions are about one part math and two parts emotion. So, what gives?” (Submitted by Tarsha.)

21 Life-Changing Minimalist Experiments to Try in Your Home. [Becoming Minimalist]— “Society is constantly calling us to expand and upgrade every area of life: our home, our car, our kitchen, our wardrobe, our technology…. A Living with Less experiment provides us the opportunity to see if there is a more intentional, more focused, better way to live.” (Submitted by J. Money.)

Hey Plutus Family, look what we have for you this week!

9 Ways to Teach Your Children About Contentment in a Consumer-Driven World. [Money Savvy Mamma] — “We have access to too much information. We have too many options for what to stream and watch. We have endless podcasts and audiobooks to listen to. YouTube provides us with unlimited videos of everyday experts on every topic imaginable. We can be constantly entertained, educated, enlightened and engaged.” (Submitted by Tarsha.)

Perfect is the Enemy of Good. [A Wealth of Common Sense] — “When it comes to income it’s not how much you make that determines your feelings towards money; it’s how much you make relative to those around you.” (Submitted by J. Money.)

The Best Debit Cards for Kids. [Family Money Adventure] — “Debit cards for kids are helpful financial literacy tools for teaching your children about money management. Cards are typically either tied to a checking account or are reloadable prepaid cards. The best debit cards for kids offer tools and features useful for children to learn money management skills. They also include monitoring and parent-control features so parents can protect their kids from making bad money decisions. There are free debit cards for kids, prepaid debit cards for teens, and other options to choose from.” (Submitted by Tarsha.)

Plutus Family, we hope we did not keep you waiting long. We searched high and low for just the right articles for this week. Please enjoy!

Here’s what we wanted to share with you this week.

How to Organize Your Tax Documents for Your Accountant. [Tucan Dream] — “You have received all your tax slips (w-2’s, 1099’s, etc.), and you have records of your other income and expenses, but now what? How do you organize your tax documents so that your accountant can prepare your taxes with ease?” (Submitted by Tarsha.)

Prepare for the Unexpected Mini-Retirement. [Jillian Johnsrud] — “Life can be unpredictably fragile and short. You just never know. You never know if you’ll have a hundred other chances to experience your dream, or perhaps this is the last chance for that dream. Save the money, make a plan, and when the opportunity arises, grab your go bag. And go” (Submitted by J. Money.)

Social Media Is Destroying Gen Z’s Finances. [A Dime Saved] — “The main reason cited for this was that people are constantly bombarded with photos and videos of others living a lifestyle that is seemingly unattainable. This can lead to feelings of inadequacy and frustration, especially for those who are struggling to get by…” (Submitted by Tarsha.)

Happy Wednesday! Tarsha here from the Plutus Team. I could not wait to post these awesome articles for you to enjoy. So, make a cup of coffee and dive right into them. See you next week!

Here’s what we wanted to share with you this week.

It’s Time to Uncomplicate Your Health and Wealth. [A Teachable Moment] — “It’s rare to find a situation where simplifying lifestyle or financial choices doesn’t result in a better outcome for end-users… The same goes for investing. Trying harder by creating costly complexities is a poor substitute for bare-boned and easy-to-understand investments.” (Submitted by J. Money.)

Top Tips for How to Teach Your Child Responsibility.  [How Much Is That in Tacos] — “Our kids are our world, we want their lives to be so much better than ours ever was. We send them to private schools so they can be smarter than we were. They’re involved in nonstop extracurricular activities to ensure they have physical abilities and the right amount of socialization for college applications.” (Submitted by Tarsha.)

Could You Live in $25k A Year, and Be Happy? [ Money and Meaning] — “My last 30 years were based on three philosophical, environmental, and financial beliefs: spending more money wouldn’t make me happier, spending more money would degrade the environment, and spending more money meant I would have to work more years.” (Submitted by J. Money.)

Happy Hump Day Plutus Family! Thank goodness its Wednesday. So, take a quick break and read these great articles we gathered for you.

Here’s what we wanted to share with you this week.

The Art and Science of Spending Money. [Collab Fund] — “There is a science to spending money – how to find a bargain, how to make a budget, things like that. But there’s also an art to spending. A part that can’t be quantified and varies person to person.” (Submitted by J. Money.)

How To Find a Job That Fulfills You. [Worklife] — “While it’s helpful to get feedback from current and former employees, reviews on sites such as Glassdoor or Yelp might skew overly negative or positive, cautions Trey Barnette, a regional vice president at staffing and talent solutions firm Robert Half. Seek out objective sources, he said, not “an ex-employee that just got let go and is ranting and raving.” (Submitted by Tarsha.)

#14. Knowing Your (Net) Worth. [The Sytch] — “Think of tracking your net worth like the annual doctor checkup. It may not be a necessary step to achieve financial success for some, but if you want to get nerdy with your finances and optimize every dollar, tracking your net worth is a must. Knowing your net worth every year requires you to do a deep dive into your finances. This forces you to diagnose any issues you are having.” (Submitted by Tarsha.)

Hey Plutus Family! Have you ever thought about retiring early, but life brought you back to reality.  Check out this great article, “Failing at Early Retirement”.

Here’s what we wanted to share with you this week.

It’s Time to Work. [Of Dollars and Data] — “Most people don’t get rich through their investment decisions; they get rich through their income. They get rich through their work. Even those who do get rich from their investments, typically, had to work to get the money they used to invest in the first place.” (Submitted by J. Money.)

Experts Say This Is a Key Sign You Have an Unhealthy Relationship with Money. [The Zero Report] — “When it comes to money and budgeting, it’s often easier said than done. You may have the best of intentions — you’ll eat out less this month and put the money into your savings account instead. But then life happens. Just like working through any other life, fitness, or wellness issue, a little introspection is often the ticket. If you want to get your finances back in order, a financial psychologist or money mindset coach can help. It all starts with getting your head in the right place.” (Submitted by Tarsha.)

Failing at Early Retirement. [Go Curry Cracker] — “The idea that earning some income is equivalent to failure for an early retiree is common, but I think it is misplaced. There is no right/wrong or moral weight to the decision to add or subtract dollars from a retirement portfolio, so if something doesn’t feel right and you think work would help… then work.” (Submitted by J. Money.)