Stress Free Living Hub

Are you stuck in debt and or stress daily about money and have no clue what direction to go? Check out our free 7 day money mindset reset workbook. It is designed to help guide you on a path to improving your financial health one step at a time and focusing on what matters for each.

Link to workbook below, just enter your email on home page to receive!

https://stressfreelivinghub.myeverbee.com/

Excited to share the latest addition to my etsy shop: 50/30/20 Budget Spreadsheet Google Sheets Excel Monthly Spreadsheet Online Budget Planner Google Sheets 50 30 20 Simple Money Management https://etsy.me/47Kedax

Shop Link:
https://functionalcents.etsy.com

Stress Free Living Hub Stress Free Living Hub provides digital products like worksheets, workbooks, spreadsheets and planners to help you reduce stress in your life when it comes to financial, physical and mental health.

If you are looking for an easy way to begin budgeting, a zero-based budget is a great way to start. There are many sources out there you can use, but if you are looking for a file you can start using, feel free to check the one I created out here:

Google Sheets Annual Budget Zero-based Budget Spreadsheet - Etsy This Worksheets item is sold by FunctionalCents. Ships from United States. Listed on Aug 24, 2023

Use A Free Budget by Paycheck Worksheet For Your Finances - Functional Cents Managing personal finances and monthly expenses can be a challenging task, especially when living paycheck to paycheck. This is a cycle that is crucial to get out of. It can have devastating effects on your financial health as well as your stress levels and overall health. Having an effective budget...

Master The Amazing Power Of Compound Interest In An Excel Worksheet - Functional Cents Compound interest is a powerful concept that everyone should know/understand. Here's a guide on it and how to calculate in an Excel worksheet

How to Shop Smart: 5 Tips to Save Money on Groceries - Functional Cents The cost of groceries can cause a lot of stress in people's lives. Here are 5 simple tips to save money on groceries while on a budget.

I couldn’t believe this is actually a thing that is about to happen. People with good credit scores are going to be punished now when trying to buy a new home.

“Under the new rules, borrowers with a credit score of about 680 would pay around $40 more per month on a $400,000 mortgage under rules from the Federal Housing Finance Agency that go into effect May 1 . consumers with lower credit ratings and less money for a down payment would qualify for better mortgage rates than they otherwise would have.”

So basically people who are responsible, smart with their money have to pay more now. Absolutely ridiculous, this is not going to solve the racial inequality of home ownership.

Biden rule will redistribute high-risk loan costs to homeowners with good credit A new federal rule will make borrowing for a home more expensive for those with high credit scores to subsidize loans to higher-risk borrowers.

Happy new year! What are your goals for 2023? One study found that approx 80% of people's New Years' resolutions failed by February. Not very good!

When we search for success in life, it is important to set sound goals. How do we do that? One method is using the SMART method. Goals need to be specific to you, you need to be able to measure them, be attainable and achievable, realistic and timely. Even if it is a short-term goal like adding $500 to your emergency savings, using this method can often be effective.

Also, the concept of approach vs avoidance goals can be very effective. Approach goals are ones in which the stated objective is to move towards a desired outcome, for example “I will increase my maximum bench press weight to 280 pounds”, “I will be more talkative in social situations”, or “I will graduate from college with an A average”. Avoidance goals, in contrast, are ones in which the stated objective is to move away from an undesired state. For example, “I will not eat snacks before going to bed”; “I want to stop being so shy at parties”; “I will stop procrastinating on my thesis writing”. Some examples below:
1. Avoidance goal: “I want to stop being late for work”. Possible approach phrasing: “I will be on time for work every day”.
2. Avoidance goal: “I want to stop watching so much TV”. Possible approach phrasing: “I will read for an hour each day”.

Give these a try and let me know what you think!

I predicted this would happen a few months ago. People continue to take out loans on new cars that they simply cannot afford. The average new car payment went from the mid $500s per month to over $700 per month in literally less than a year. Do you know how much $700 per month invested over time can turn into?

I hope the flipside happens and this turns out to be a positive for the used car market with inventory increasing, but time will tell..

Car repossessions are surging — a troubling sign for the used car market The typical price for a used car surged 17% in May. Some borrowers are feeling the strain as the economy slows.

The average car payment in the US is now $712 a month.

Americans keep their cars on average anywhere from 5-8 years.

If you didn't have that car payment and instead invested the $712 into a retirement account earning on average after inflation say 8%, that would be worth close to $95,000 in 8 years.

So when we wonder where our money is going and struggle to understand why we don't have any savings built up, maybe we should reconsider taking out a loan to buy a vehicle.

I get it, we all want new shiny new cars, and the care market has been insane. Heck I need a new car, I drive a 2008. But please only take out a loan when you know it wont stop you from investing and building your future.

Average car payment hits record $712/month as new, used car prices continue to climb Escalating purchase prices and rising interest rates are making cars less and less affordable to the average consumer, with monthly payments averaging $712 in May.