Use personalcapital.com to track everything. Put all charges onto a sold rewards card, Costco Visa in my case. Pay off credit card every paycheck and put the rest into Ally Invest account. Buy Etfs to maintain the balance of a solid portfolio. Examine monthly budget from personalcapital.com and finds ways to trim expenses.
Ask HN: How do you manage and budget your monthly income
21–26 of 26 posts
Re: Ask HN: How do you manage and budget your monthly income
#22I also try and pay expenses yearly, which for now is rent, Internet and health insurance.
Re: Ask HN: How do you manage and budget your monthly income
#23I never really budget to be honest. I simply spent as little money as possible. To me, it’s like people that want to lose weight. You can stick to a diet or simply choose to eat less at all times. Every time I spent, I figure out what is on discount and whether it’s a ‘want’ or a ‘need’. I will indulge once in a while on late night food though.
Re: Ask HN: How do you manage and budget your monthly income
#24Earlier quoted context omitted.
I don't have the necessary financial knowledge to learn how to trade efficiently. I know it's now just buy low, sell high. The problem is when and what to buy. The only thing that I could do regarding this is use a platform like etoro and their copy feature.
Thats the great thing about Exchange Traded funds which track an index - there's no thinking to do just invest in the fund for example this is a popular one: Vanguard S&P 500 ETF (VOO) And when you buy this you are effectively buying, Apple, Amazon, Google, Johnson & Johnson, Procter & Gamble Co, NVIDIA etc because the fund will go ahead and buy all the largest 500 US companies weighted by market cap. The S&P500 has…
SP 500 was -5.9% in 2018, but it went up to 31% in 2019...pretty fair.
Re: Ask HN: How do you manage and budget your monthly income
#25my bank automatically sorts all of my expenses and I review them and update miss characterizations. It has done through a phone app, it is effectively zero work I keep all large expenses small my rent has never been more than $800 a month. I do this by living with people.
Re: Ask HN: How do you manage and budget your monthly income
#26my bank automatically sorts all of my expenses and I review them and update miss characterizations. It has done through a phone app, it is effectively zero work I keep all large expenses small my rent has never been more than $800 a month. I do this by living with people.
what bank does this?