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Decoding Fashion: Divergent Theories and the Universal Tapestry
Unlocking Financial Freedom: A Practical Approach to Mindset Shift
New Year financial assessment
Smart Holiday Spending: Managing Inflation,Marketing Tricks, and Embracing Meaningful Moments
BREAKING THE CYCLE: Navigating Credit Card Debt, Financial Anxiety, and Childhood Trauma

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trulyludi

Hey there, it's Ludi! 🌟 Let's talk about budget

Hey there, it's Ludi! 🌟 Let's talk about budgeting in a whole new light. 💰💡 I totally agree that budgeting is a cornerstone of smart financial management, but not everyone's on board with spreadsheets or apps. This post is for those who find tracking a challenge. 📉🤷🏾‍♀️

Is there another way for those who struggle with traditional budgeting methods

yes!!!!

Imagine setting up your financial structure once, and then adapting it as life evolves. It's all about cultivating money-savvy habits that work like clockwork. ⏰✅

Automate your savings, investments, and regular expenses. Let those systems run while you enjoy the rest. It's not about swimming in debt, it's about floating towards financial freedom! 🏊‍♀️💸

#SmartMoneyMoves #AutomateFinances #FinancialFreedom #BudgetingMadeEasy #MoneyHabits"

It's strange to see individuals who get some sort

It's strange to see individuals who get some sort of satisfaction from belittling others based on their circumstances. While they might engage in discussions about investing, generational wealth, and complex financial concepts, they fail to acknowledge that the same conviction they hold in compounding interest can be inversely applied to someone absence of financial education, perpetuating generational poverty.

❗️Why is poverty shaming bad?

📖It’s weirdly counterproductive, as it overlooks systemic factors contributing to poverty.

📖Judging those less fortunate perpetuates a cycle of inequality and undermines empathy.

📖Instead of fostering understanding and support, poverty shaming alienates vulnerable individuals, hindering their efforts to overcome hardships.

📖It's crucial to recognize that poverty is often a result of complex societal issues rather than personal failings.

📖The goal is to work collectively towards a more just and inclusive society, addressing the root causes of poverty and promoting genuine change.

5 things I would splurge on: 1. Quality parking i

5 things I would splurge on:

1. Quality parking in cities like Manhattan for convenient travel by car.

2. Travel, with a designated sinking fund to fulfill my wanderlust.

3. Getting my hair done professionally, despite being able to do it myself.

4. Investing in a new Mac without hesitation when my current one breaks down.

5. Treating myself to a monthly massage for self-care and relaxation.

What would you splurge on?

#IndulgenceGoals
#SelfCareSplurges
#TreatYourselfRight
#LuxuryLifestyleChoices
#InvestingInMe

🌼 4.15% a rate that’s more than 10 times the

🌼 4.15% a rate that’s more than 10 times the national average.

What does that mean:

📝If you have $1,000 in a savings account with an interest rate of 4.15%, the bank will pay you $41.5 in interest over the course of a year.

📝The interest is usually calculated and paid out on a monthly, quarterly, or annual basis, depending on the terms of the account.

📝It's important to note that the interest rate on savings accounts can fluctuate over time, depending on the market conditions and the policies of the bank.

🆘Other amazing perks are
⭐️No fees

⭐️No minimum deposits

⭐️No minimum balance requirements

⭐️Users can easily set up and manage their Savings account directly from Apple Card in Wallet.

👀Also keep in mind that this is a capitalist society, there’s always strings when it comes to free money. Be wise always!

#personalfinance #apple #savingsaccount #HYSA #banking

In my 20's, I learned five crucial financial lesso

In my 20's, I learned five crucial financial lessons that have shaped my approach to money management.

🌺I realized the importance of saving early and consistently, understanding that even small amounts can compound over time. I learned the significance of setting a saving limit to avoid frivolous spending and prioritize long-term financial goals.

🌺 I delved into the world of investing, particularly in the stock market, education myself on different ways to grow my money and build a diversified portfolio. Additionally, I educated myself about real estate as an investment option for potential passive income.

🌺 I became aware of the financial independence and early retirement movement, which inspired me to strive for financial independence and retire early by making wise financial decisions.

🌺 Start thinking about retirement in your 20's to secure a financially stable future. Retirement is not solely about age, but about ensuring financial sustainability during that period of life.

🌺 I recognized the importance of choosing a reliable and reputable bank to safeguard and grow my hard-earned money. These valuable financial lessons from my 20's have provided me with a strong foundation for a secure and prosperous financial future.

#FinancialLessonsLearned
#MoneyManagementMatters
#InvestingInMyFuture
#RetirementPlanningEarly
#BankingWisely

🧐A tax bracket is a range of income levels that

🧐A tax bracket is a range of income levels that are taxed at a specific rate under a progressive tax system.

😎As a taxpayer's income increases, they move up to a higher tax bracket and pay a higher percentage of their income in taxes.

🤩The US federal income tax has seven tax brackets, ranging from 10% to 37%.

🤩The dollar amount that define the brackets change depending on whether you're a single filer, a married joint filer, a married separate filer or head of household filer.

🤨Like everything in the US, it is not that straightforward determining your bracket with your total income, it must be calculated with your taxable income aka the adjusted gross income.

🤓Once you figure out that taxable income, we talk about marginal rate…

- #taxbracket, #progressivetax, #incometax, #marginaltaxrate, #taxableincome, #taxseason, #taxcode, #taxplanning, #federaltax

What is regressive taxes? With regressive taxes y

What is regressive taxes?

With regressive taxes you are being taxed at the same rate without considering your income level and examples of which include sales tax, flat tax, property tax, user fees, sin taxes, and all those taxes where there is a flat rate of taxation*

🤩Therefore the tax rate decreases as the taxpayer's income increases. In other words, Julie with lower incomes pay a higher percentage of her income in taxes than those with higher incomes.

🤩Sales tax is a tax on goods and services purchased by consumers. Since people with lower incomes tend to spend a larger portion of their income on goods and services, they end up paying a higher percentage of their income in sales tax than people with higher incomes. For example, if a sales tax is set at 10%, Julie who earns $20,000 a year and spends $10,000 on taxable goods and services will pay $1,000 in sales tax, which is 5% of their income. On the other hand, Mika who earns $100,000 a year and spends the same $10,000 on taxable goods and services will pay $1,000 in sales tax, it is only 1% of their income.

🤩Therefore, the sales tax is regressive because the tax rate decreases as the taxpayer's income increases.
#regressivetax, #taxsystem, #taxreform, #taxpolicy, #taxation, #taxfairness, #incometax, #sales tax, #wealthdistribution, #taxthe1percent

💳After recently paying back my lump sum it’s

💳After recently paying back my lump sum it’s only fit to talk about tax this week.
It's time to get some basic knowledge about the US progressive tax code.

❓What is a progressive tax code?

Best definition from Biggie Smalls: "Mo money, mo problems."

But if you prefer a more boring one, it's a system, where higher-income earners are taxed at a higher rate. An example of a progressive tax is the federal income tax in the US, with tax rates ranging from 10% to 37% depending on the taxpayer's income. For example, a single filer with a taxable income of $50,000 would pay a federal income tax at an effective tax rate of 13.9%. On the other hand, a single filer with a taxable income of $500,000 would pay a federal income tax at an effective tax rate of 30.8%.

The opposite of that is called regressive tax and we will discuss that next.

#basictaxes #taxweek #progressivetax #fairtaxation #federalincometax #taxcode #personalfinance

It’s been ages since my last post,also realized

It’s been ages since my last post,also realized I no longer know how to create reels 😫😫I am back from a much needed break, a lot has happen which I’ll share in pieces but excited to continue posting content about a subject that I am enthusiastic about… with that being said Happy easter to all that celebrate & have a great Sunday ♥️ #personalfinancebywomen

If you fail to plan you plan to fail… we better

If you fail to plan you plan to fail… we better start planning since failing is not part of the lexicon. #planner #organize #yearlyplanner #financeplanner #gratitudeplanner #digitalplanner

Just checking-in to make sure that we all are on t

Just checking-in to make sure that we all are on track. #personalfinancebywomen #budgeting

I tried all three of these apps and my favorite is

I tried all three of these apps and my favorite is Trello. I used Trello for my wedding planning and I shared with the day coordinator, my friend who was helping me, my husband and we all were just able to put our vision there and communicate with each other as needed. ⁣
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#business #entrepreneur #entrepreneurlife #entrepreneurship #focus #leadership #marketing #mindset #motivationalquotes #notes #planner #productivity #productivityapps #productivityatitsfinest #productivitycoach #productivityhabits #productivityhack #productivityhacks #productivitymatters #productivityplanner #productivitytip #productivitytips #productivitytools #smallbusiness #startup #study #studyblr #studygram #studymotivation #studyspo

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