A Shift in Money Mindset
Sometimes, retirement happens to you.
Ellen was released from her work at Macy’s – a job she thoroughly enjoyed and wasn’t mentally ready to retire from yet.
While she had money set aside for a comfortable retirement, she had to make sure her spending habits didn’t threaten that foundation.
How Much Should You Spend On…?
One of the most frequent questions I get asked is, “How much should I be spending on… dining out, groceries, clothes, entertainment, etc.”
We, as humans, like easy answers and the Internet is filled with pie charts stating how much you should be spending on various categories from housing to entertainment.
However, if everyone abided by those pie charts, very few people would be living in places such as the San Francisco Bay Area (where I recently moved from) or Manhattan because it takes too much “pie” to live there.
Do You Need a Holding Account?
Intermittent expenses can catch you by surprise and create a vicious roller coaster of accumulating debt, paying it off and then building it back up again.
