Great post. Increased market uncertainty has led me to increase my savings rate. But also, the resilience of the stock market has been surprising and hard to stay away from
I've increased my savings rate over the past month, but that's largely because I finally realized how expensive eating out was. I don't know why it took me so long, but one day I looked at my receipt and realized a burger and fries shouldn't cost $22.
Do you use any software to track your spending and net worth? I found it helpful to aggregate everything in one place and track my spending by category.
I keep an excel version of a checkbook ledger, but most transactions are on credit cards that I pay off every couple of weeks. AMEX has a category analysis, but I rarely look at it closely.
Great article. I too have increased my savings. Mainly because i am forgoing items i use to occasionally buy but are increasing with some of the tariff shocks. I am also finding work arounds for planned electronics purchases i had. For it is out of pessimistic caution for a economy that has some red flags flashing. Granted I am fortunate to work in a field where there is a shortage and i work for a company that historically speaking has been recession resistant, but i do not take anything for granted. Good Job! I really enjoyed todays content.
I've never been good at planning for purchases, but that absolutely comes from a place of privilege. I tend to let habits build up before I realize something needs to change.
Great post. Increased market uncertainty has led me to increase my savings rate. But also, the resilience of the stock market has been surprising and hard to stay away from
I've increased my savings rate over the past month, but that's largely because I finally realized how expensive eating out was. I don't know why it took me so long, but one day I looked at my receipt and realized a burger and fries shouldn't cost $22.
Do you use any software to track your spending and net worth? I found it helpful to aggregate everything in one place and track my spending by category.
I keep an excel version of a checkbook ledger, but most transactions are on credit cards that I pay off every couple of weeks. AMEX has a category analysis, but I rarely look at it closely.
Great article. I too have increased my savings. Mainly because i am forgoing items i use to occasionally buy but are increasing with some of the tariff shocks. I am also finding work arounds for planned electronics purchases i had. For it is out of pessimistic caution for a economy that has some red flags flashing. Granted I am fortunate to work in a field where there is a shortage and i work for a company that historically speaking has been recession resistant, but i do not take anything for granted. Good Job! I really enjoyed todays content.
I've never been good at planning for purchases, but that absolutely comes from a place of privilege. I tend to let habits build up before I realize something needs to change.