Lifelong renters are often surprised at the random additional expenses they have to cover when they buy a home for the first time. Because landlords cover a lot of the cost of maintaining their property (or roll that cost into your rent amount), rent is the highest amount you pay for housing per month, while a mortgage is actually the lowest amount you’ll pay. There are lots of hidden costs of … [Read more...] about How to Budget for the Hidden Costs of Homeownership
Budgeting
I’m Scared to Spend Money, But I Make Six Figures
I’ve spoken to so many successful millennials who earn a comfortable salary and save and invest a healthy amount. Yet they still hoard cash like their luck is about to run out, or are racked with fear whenever faced with a chance to spend on something that isn’t essential to survival. They’re so afraid to spend money! While the media is talking about millennials spending all their money on … [Read more...] about I’m Scared to Spend Money, But I Make Six Figures
The Top 5 Gen Y Planning Blog Posts of the Year
Nothing inspires my writing more than what my clients and readers (like you!) ask me about. Since I started my blog, your questions, like your lives, have become more complicated. I want to highlight the most popular blog posts of the past year, because they cover some meaty topics that I know many of you are wondering about right now. Just in case you missed them the first time, here they are … [Read more...] about The Top 5 Gen Y Planning Blog Posts of the Year
Ask Gen Y Planning: How to Financially Support Family?
This question was submitted by a reader! Do you have a money question you’d like Gen Y Planning to answer in a future blog post? Submit it to genyplanning.com/askgyp. What should the financial planning look like when you have a parent who has no retirement saved up and won’t be working much longer due to health issues? My mother-in-law rents in a bad part of town, works at temp jobs, is turning … [Read more...] about Ask Gen Y Planning: How to Financially Support Family?
Ask Gen Y Planning: How to Manage Small Business Finances?
This question was submitted by a reader! Do you have a money question you’d like Gen Y Planning to answer in a future blog post? Submit it to genyplanning.com/askgyp. I’m starting a business in 2018 and one of the major things I need to learn about as an entrepreneur is managing my business’ finances and understanding tax requirements for small businesses. Is this something you could talk … [Read more...] about Ask Gen Y Planning: How to Manage Small Business Finances?
How Ditching Your Car Could Save You Thousands
For those of us who grew up in the ‘burbs, the idea of living without a car seems as foreign as driving on the opposite side of the road. How will you haul home groceries? How will you get to work? For many Millennials, especially now that we’re buying suburban homes and having kids (or buying homes because of our dogs), a car will make your life a lot easier. But if you live in a relatively … [Read more...] about How Ditching Your Car Could Save You Thousands