Finances

Hello Friends,

Finances refers to one’s monetary affairs that includes assets, debts, income and expenses that’s a broad term for describing financial matters both personally and professionally.

Growing up, there were formulas on how to designate income received from working that included housing (rent or mortgage), utilities, transportation, groceries, leisure, donations and savings. Truthfully, most of my life, I haven’t followed any budget plan. Mine has always been written down on scrap paper designating funds to where they needed to be. During my time of unemployment after being at one job for over 21 years of service, I learned what I could live without.

In addition, I learned and lived emotional spending which I am guilty of again that causes the most problems. Truthfully, I’ve been dealing with stuff at work and with my friends so I had to make the decision to sell my stock and pay down my debt which is all of $2500 or less. Also, I plan to reinvest in stock at Public once again where I can buy partial shares. My stocks were doing great like LB, BRK.B, BYND and SPYD. I got in on LB when the shares were about $10 which is much higher now.

The good news is that my groceries, electric and gas are slowing decreasing which helps my paycheck. Being on my own with my two felines, I have to make sure that only having to pay on my mortgage with escrow plus only utilities allows me to save.

How is your financial health? What changes are you making to make your money go further? Are you retired or still working? Are you only investing through your retirement plan or have investments outside of it?

My situation is different than yours since I moved 1200 miles away from where i was living for almost 35 years and plan to move again closer to family in the long term. Mentioned this because everyone’s situation is different so judging others doesn’t help them or put a positive light on you. My response would be, “have you ever thought about this?”

Thank you for your time,

Leslie Elizabeth David.