วีดีโอ

Thank you. 😊

Hi Casa, great question.I just put out a video response as do think a lot to discuss. If there is debt, do be sure to reduce discretionary budget to cover a debt repayment plan.

Aww, much appreciated. Thank you for watching!

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Happy birthday 🎂🎉🎂🎉🎂🎉🍰 I keep debating with myself what to do.Really do like the idea of paying off the mortgage before I stop working. But yeah definitely leaning on staying and retiring around the time my boss does. Do know my husband loves retirement. Once you retire, your wife will get serious retirement envy at first. But it dissipates. 😎

I don’t trade cryptocurrencies. Maybe do a search on YT and see if you can find info that way. Good luck 👍

It gets easier when you realize you’re getting ahead. We purchased a used Toyota 🚗 once, and it’s still my husband favorite car to date. Definitely worth it. Hope all is well!

Yes. As debts change or get paid off it would change and improve DTI. If someone’s is high then a goal is to pay debts down. Low DTi opens up more for savings. But it is separate from the 50/30/20 rule. One can still be strapped financially if needs and wants spending is high even if debts are low. You can calculate it on either a yearly ratio or monthly. Ends up being the same percentage. Just have to make sure you’re using what you spend and earn yearly in your calculations versus monthly. 😎

Technically, DTI is on gross income. But, I calculate on Net so I get a true figure on month-to-month affordability. So yes if you’re doing it to figure out how much debt you’re carrying and considering adding another car or mortgage debt. The % you contribute to 401k gets added to your STI after you calculate. So if your STI is 20% outside of 401k, and 10% in retirement plan, then you add the two together to determine true savings percentage. :)

Yes, been watching. It’s awesome. Saving rate is awesome too.

Thank you 🙏 ❤️🎄🎉

Yes.

Sometimes it is. But other times it really just is a math problem. That’s what I was trying to get across with my video. There are just times when our debt obligations and expenses just get so ahead of our incomes and we have to do a mix of getting our incomes up (like getting a second job) to pay down the debt. And scale our expenses down to have the debts become manageable. Anyone with high student loans or ridiculous home or car could have been lured into signing up for the debt. And yes, there is a sense a responsibility that we should take - I certainly did with mine - they really are not being financially taught just how burdensome the debt will be. And when numbers are not run on all costs (it’s not just the monthly payments ) life month to month just becomes difficult.

❤️🎄Thank you for watching. Happy holidays.

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Definitely a good option to maintain independence. 😊 Single, never-married individuals often fare better financially than divorced ones due to the absence of divorce-related costs, asset division, and disrupted financial plans. But being single doesn’t guarantee financial stability; lack of dual income or support can pose challenges too. Roommates can help there.

Good luck. Wish it were against the law, but sadly women do not earn the same as men including in the same field. The decision on pay amount is up to hiring managers and it’s a range. Some industry have protections against this (like state and government jobs) but most public and private industries do not. Pay is based on perceived experience and expertise and it varies greatly by role and by employer. Straight off ChatGPT for you. And then article you can read. Below this point is not my writing: The gender wage gap is a well-documented issue in the United States. According to the U.S. Bureau of Labor Statistics, in 2023, women who were full-time wage and salary workers had median weekly earnings of $1,005, which was 83.6% of the $1,202 median for men.  This disparity is even more pronounced for women of color. The Economic Policy Institute reports that in 2023, women were paid 21.8% less on average than men, after controlling for race and ethnicity, education, age, and geographic division.  These statistics highlight the ongoing challenges in achieving pay equity across different demographics. Some articles for you: Wall Street Journal Gender Pay Gap in Sports? Is it sex discrimination or the free market? Three experts debate the issue. By Daniel Akst Oct. 27, 2020 at 10:00 am ET The Associated Press’: What’s behind the widening gender wage gap in the US? BY ALEXANDRA OLSON AND CLAIRE SAVAGE Updated 5:40 PM EST, October 16, 2024 Investopedia How Women Can Break Through the Gender Wage Gap Barrier By REBECCA ROSENBERG Updated May 14, 2024 Reviewed by SAMANTHA SILBERSTEIN Fact checked by VIKKI VELASQUEZ Many traditional gender roles have disappeared. Men and women perform the same jobs, have similar career trajectories, and even take turns as stay-at-home parents. But one gender-based distinction that remains is the wage gap. For every dollar men earn on average, women earn about 84 cents.

Uninformed comment

You have different concerns. Women inherit finances as most men in marriages manage the finances. And some learn of debts accumulated in the marriage only at that point. One in four widows over the age of sixty lives below the poverty line. There remains a gender wage gap, and so whet often happens when a stay at mortgaged home the lower income generating surviving spouse is left with unreasonable expenses and are not able to maintain the same household. Beyond not being able to continue mortgage payments, there hasn’t been enough consideration on life insurance. And women often are left with the burden of high medical debt from their late spouse’s care. And these are just some of the reasons why is why widows are 4x more likely to live in poverty in older age.

Stories I have seen and heard, some men do act spitefully in divorce by either hiding money, delaying agreements, or refusing child support, leaving their exes with fewer resources - particularly common if the women stayed home to care for children. For women in “gray divorce,” this, along with lower lifetime earnings, smaller retirement savings, and limited time to recover financially, often leads to higher rates of poverty. That said, women certainly can be mean too. But men have statistically less risk of going into poverty after a divorce. About half as much in general. The idea is that financial protections should be considered while the love is there is sound. Not sure I agree with the concept of divorcing for the sake of protecting money though. Consider Pre- and postnuptial agreements can help protect the individuals by clearly defining the division of assets and financial responsibilities beforehand. Good luck.

Thank you for sharing. I hope all is well.

One Life to Live. 😎

It is awesome that Europeans save. In the U.S. we save from net pay too. Think when asked ChatGPT the savings rate it just did on discretionary. It’s actually much lower for the U.S. one if the reasons why retirees rely solo on social security (old age pension they paid into) for all retirement. Really hoping to strike a conversation for change and inspire everyone to save more. Thanks for commenting. 😊

Thank you. 🙏

lol. Actually think it was a bus or truck. Can’t hear the subway from us. Thankfully. But feels like every time I start to record a siren passes by. :)

Aww, thank you. Thank you for watching and commenting!

That’s a whole lotta points. You’re going to be going everywhere once you both retire! I use Jet Blue and accumulate points.But I use another card and do like cash back. I cash it in once a year to pay my holiday shopping. Really works well for me.

I did a combo without knowing that was what I was doing at the time. Got the smallest paid off fast but then concentrated on the higher interest rates. Worked well for me. Whatever works is my motto.

Thanks! You too! Happy holidays

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You are so welcome! Thank you for watching.

Yay 😀 💰💰💰save it. :)

Great idea! ❤️will do.

Me too! Wish they would bring it back. Such a helpful thing to do. Wish I had downloaded mine. Credit Karma does have a search feature that looks years and you can go back to last year to see breakdowns. But not the same as Mint. Held onto it until the end. Getting used to Credit Karma. Have to check out others one day.

No kids. Support an adult family member. It’s own set of expenses. Housing and all. 😎

Welcome back, welcome back, welcome back. Clearly I have a theme song in my head. :)

Love that! What a great idea! Thank you for commenting.

😊 Nope, I don’t have a script. Sometimes the pauses you see is me thinking. That video was filmed later in the day, so sometimes my words don’t flow as easily. :)

I’m so sorry. Gambling addiction is such a tough topic. Truly destroys lives.

Nowadays I just pay one month at a time but already ahead, so still have my emergency buffer built in. Figure if something happens to me, my hubby has time to figure out all the bills before they pile up. 😎

Aww, thank you for your kind comments.❤️Really appreciate it.

Thank you for your kind words. I truly hope it is helpful. Appreciate your comments. ❤️

Pause and breathe. Be patient with yourself. Start small. Sometimes even a change bank works. We have a huge Hershey piggy bank. We purchased it many years ago during a tourist visit. My husband has been using it ever since. We used to roll up the coins about once a year and deposit it in the bank. We stopped doing that, and instead just use coins instead of bills, probably the equivalent of. one month a year easily. We save the bills that way. Tax refund time is coming too. You’ll get there. Cheering you on!

Love practical gift giving. Really like restaurant gift cards too. There were just too many people at the bigger showcase homes. But it was fun to go see them with family. We all enjoyed it.

No. That would extend the time. Looking to be free from the loan in general. :)

@ recasting keeps your term and interest rate the same. In other words if you owed 15 years on a 30 year loan, if you paid a chunk of money down, they would re-amortize the remaining balance over what is left on the original term of 15 years.

I want to keep the 30 year term as it spreads out the amortization of 30 years. If I switch to 15 years it would put more of the interest up front again. Think it’s more beneficial for me to keep interest spread out as you end up paying less in interest over the life of the loan that way.

❤️ It’s a very long process on the views front. But really enjoying the topic in general. Keep on, keeping at it too!

Congratulations 🎉 so thrilled for you! There are days I really enjoy my work. But days like today, when the holiday weekend comes to an end, and we have to go into the office the very next day, it gets to me. Time, at some point, becomes much more valuable than money. Feel close. Just not there yet. Stoked for you though!