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Apache is functioning normally

May 22, 2023 by Brett Tams

Save more, spend smarter, and make your money go further

Mothers tend to have an opinion about everything, and the older we get, the more we realize just how right they are! This is especially true when it comes to being smart with money. So the next time your mom offers up some wisdom, consider her advice as a gift to you this Mother’s Day!

Stick to a budget

A recent survey shows that 60% of Americans do not have a budget! You can’t possibly manage your finances without one. An app like Mint will help you create a budget, track your spending and set financial goals. Plus, when you sync all financial accounts to the app, everything is in one place. Budgets lead to a better financial future. Mom wants that.

Monitor your bank balance

While it’s easier than ever to check a balance here or pay a bill there, you may think you don’t need to maintain your own records. You do! You may think your mom is a bit old-school for balancing a ledger, but it’s important to check your account monthly. Cross-reference your spending with your checking account to see if your balance is higher or lower than it should be. Look over receipts, payments and cancelled checks and double check the amounts. If there are any inaccuracies, report them immediately.

Secure your future

While 401(k)s may be going the way of mom jeans, many companies still offer them. If you are lucky enough to work for a company that offers one of them, max it out. You can contribute up to $18,000 this year. It’s the best way to build wealth for your future, and minimize the tax bite – a worker in the 25% tax bracket who contributes the maximum this year will save $4,500 on his 2015 tax bill. If your employer matches contributions (50 cents on the dollar up to a maximum of 6% is common), this will help grow your retirement account balance even faster. For a worker earning $60,000 per year, this employer match – aka “free money” – could be worth as much as an additional $1,800 toward that retirement account. Mom will be so proud!

Save before you spend

Saving before spending is one of the easiest ways to boost wealth and meet your long-term goals. If you are paying yourself last, chances are there may not be much left to save after you’ve covered your housing costs, groceries, and utilities. You may have heard your mother say “pay yourself first”: set aside a certain portion of your income the day you get paid before you spend any discretionary income. Direct deposit is an easy way to save automatically.

Homemade gifts are the best

A large portion of the $173 we are expecting to spend on mom this year will be at restaurants, according to the National Retail Federation. If mom taught you how to cook, avoid the crowds and make her brunch at home. You will be putting the lessons she taught you to work while saving money and showing her how much she’s appreciated in the most personal way!

– Vera Gibbons, Mint Contributor and Personal Finance expert

Save more, spend smarter, and make your money go further

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Source: mint.intuit.com

Posted in: Financial Planning, Investing, Retirement Tagged: 401(k)s, About, advice, All, app, Apps, at home, balance, Bank, before, best, Blog, Budget, Budgeting, Budgeting 101, budgets, build, cents, Checking Account, Christmas, christmas shopping, College, college student, companies, company, contributions, create a budget, crowds, deposit, Direct Deposit, DIY gifts, double, earning, employer, employer match, expenses, experts, Finance, finances, Financial Goals, financial health, Financial Literacy, Financial Planning, Financial Wize, FinancialWize, Free, future, gift, gifts, goals, groceries, Grow, health, home, Housing, housing costs, How To, Income, learned, lessons, Life, LOWER, Make, manage, Mint, mint.com, mo, money, Money Management, money management apps, Money Matters, monthly budgets, More, mothers day, My Mint Story, offer, offers, Opinion, or, payments, Personal, personal finance, place, Planning, restaurants, retirement, retirement account, right, save, Saving, saving money, School, shopping, single, smart, Spending, story, student, subscriptions, survey, tax, time, tips, Uncategorized, utilities, wants, wealth, will, work, worker

Apache is functioning normally

May 7, 2023 by Brett Tams

Like many Aurorans, Nancy Martinez is a product of more than one culture.

And that’s exactly what she has incorporated into her new store in dowtown Aurora, Nide Jardin, 140 S. River St., a home decor and plant boutique that features local vendors from the area where she grew up, and the bright, vibrant colors of the Mexican home of her parents and grandparents.

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“I want a place for the community to feel they have an oasis, especially in the winter – not just in the summer,” she said. “Younger people can see someone who looks like them open a business.”

Martinez was born and raised in Aurora’s Pigeon Hill neighborhood on the East Side, and calls herself an East Aurora High School Tomcat through and through.

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By the same token, she has taken trips back to Mexico where her parents came from, and her grandmother still lives. It was at her grandmother’s house that she saw the bright colors that she has put into Nide Jardin.

Nide Jardin, in downtown Aurora, features bright colors, plants and home decor items. (Steve Lord / The Beacon-News)

“I tried to incorporate both cultures,” she said.

The name Nide Jardin hails in part from an old saying in Spanish, “Ni De Aqui, Ni De Alla.” It translates as, “Neither From Here, Nor There.”

Martinez said the saying relates to people in Aurora asking where she’s from, and she answers, Aurora.

“Then they say, ‘but where are you really from?’” she said. “I say, Aurora. When I’m in Mexico, they just look at me as an American. I’m neither from here, nor there, but I’m from everywhere!”

Like many during the pandemic, Martinez was in seclusion and feeling sad. She began to make plans for a business that would include the plants she loves.

“I kind of started thinking, if I feel this much joy, why not others?” she said.

Still, she admitted, she was unsure about opening a store.

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“I never would have imagined I would open my own business, downtown, in my own hometown,” she said.

Her husband, Hector Martinez, owner of Martinez Built, spent months remodeling the suite in the River Street Plaza, and Nide Jardin was born. Martinez opened the business quietly this week, and plans a bigger grand opening sometime in May, around Mothers Day.

The front of the store features plants and home decor items, and in the back part of the suite is an open space Martinez plans to eventually use for workshops and other events. She’s open to ideas for programs for both young people and adults.

“We have a large Latino community,” she said. “This could be a space for other small businesses to come in.”

The store is another in the burgeoning South River Street area in downtown Aurora, across the street from the Aurora Public Library. The area is seeing more boutique-type stores, coffee houses, brew pubs and restaurants, in a mix of historic and new buildings.

People can see more about the store at NideJardin.com

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[email protected]

Source: chicagotribune.com

Posted in: Bank Accounts Tagged: About, Aurora, Built, business, chicago, coffee, color, colors, ct, Decor, events, Features, Financial Wize, FinancialWize, front, home, Home Decor, house, id, ideas, items, library, Local, Make, md, Media, More, mothers day, new, new home, News, Oasis, Other, own business, pandemic, parents, place, plans, plants, programs, quality, remodeling, restaurants, river, sc, School, Side, South, space, story, suburbs, suite, summer, winter, young, young people

The Best Financial Advice I Got From Mom

May 8, 2021 by Brett Tams

Everyone knows that Mom is always right. Here’s the best money advice from moms – and how to apply that wisdom to your own life.

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The post The Best Financial Advice I Got From Mom appeared first on MintLife Blog.

Posted in: Financial Planning, Investing Tagged: advice from mom, All, Amazon, app, Bank, bills, budgets, Buy, Buying, cabin, car, Checking Account, condo, cooking, Credit, earnings, employer-sponsored retirement plan, expensive, Family, Financial advice, Financial Planning, Financial stress, Financial Wize, FinancialWize, Florida, goal, grocery, How To, Income, iOS, job, kids, Life, list, Live, Make, Mint, money, More, mothers day, new, Rent, retirement, retirement plan, save, Saving, Saving for Retirement, saving money, savings, Savings Account, savings goal, self-employed, stress, title, Video, widget, will

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