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Showing posts from April, 2019

MMD's May 2019 Money Moves

Time stops for no one. Thus, another month is over. Here's my top money moves for May!

1. Assess new budget/financial trackers (Bye bye, Mint?).
     Last week, I saw major changes in Mint's mobile app layout that drastically reduces the effective everything-at-a-glance nature that the tool used to give me. Now, each section (account totals, budget, cash flow) is separated out into swipe left icons. No. No. No. Recent reviews on Google Play emphasize how much the new app sucks, but bad reviews are not as visible on the App Store for whatever reason. 🤷
     In my first Money Mastery post, I not so casually threw out there that I've used Mint for over 2,700 days. I've used Mint when I was spending under $300/month as a student living at home to being a kickass adult buying my first home and deploying grad school tuition hacks. With 7 years of Mint usage under my belt, I know that it'll be hard to switch to something new, but it may very well be time to do so. I am g…

Passions & Priorities

By high school I pretty much knew that I wanted to do something related to economics, money, or financial services. I was really interested in how businesses are run and how economic conditions affect them. I even wanted to work at the Federal Reserve at one point. I had no family connections to get into the business world so I didn't have a straight or easy career path.

In college, I took on any job I could to make money and allowed me to gain skills (and confidence). I worked all over my college campus. I taught a weekly freshman orientation course for a year and spent several semesters as a tutor in the tutoring center. This work experience helped me land a finance internship and I would go on to work in positions that kept broadening my scope of finance and business operations.

Now nearly a decade into my career, I have never been happier. Of course there have been bumps along the way and I’m not going to say it was all roses. But I truly love my current job and I’m working ha…

Money Diary #004 - March in Review

Looking back at March, I remember a general vibe of awesome-ness. My personal wins included: family time, volunteering, a great performance review at work, and successfully using my Plastiq tuition hack. Last but not least, I spent under $8 for 12 filling meals in Manhattan, via the Ritual app (more deets below. It's like I hit the lottery!) Are the money voyeurs out there early anticipating this every month? Who knows, but here we go.
Here's where I landed in March (numbers rounded for simplicity): 

Top highlights for this month by bucket:
1. Grad School Savings & Payments
     - $5,280, Tuition payment 3 of 3. So ends my installments for tuition for now.
     - $120, Plastiq's 2.5% fee for payment via credit card.

Although it appears way over budget this month, I am ecstatic that my grad school accepted the check that Plastiq cut and mailed to them last month. No news is good news, and I didn't hear a peep from the bursar's office. Now that I know for sure the…

Playing it Safe, or, the Cost of Being Average

Average people like to play it safe when it comes to their money. They will say things like “the stock market is equivalent to gambling” or “real estate is too complicated.”

On some level, risk aversion is a good thing. It keeps you both in line and out of trouble. But the downside of playing it safe includes:
Missed opportunitiesPlaying the blame game during a financial setbackGetting in when others are long goneNever trying at all Such a good quote: “You miss 100% of the shots you don't take.” - Wayne Gretzky
Playing it safe is a general term, but what does it mean for your personal finances? It boils down to taking zero to low risks in financially un-savvy money moves.

The extent of this varies person to person, given your knowledge of personal finance. You may decide to hide your money under a mattress instead of putting it in the bank (this might be actually a worse than average money move). Or, you may decide to dump all your money into a handful of mutual funds in …

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