From our obsession with all covert postings to navigating tricky fiscal scenarios throughout a divorce, the girls of this Intexchange Facebook team were dishing financial ideas and suggestions that week. Here’s a glance in the highlights:
This girl’s generous $10 million contributions (which’s an understatement) to community schools around Washington nation had Intexchange team members sparking this week, though the information Eva Gordon’s philanthropic action before all else bankrupt in 2018. After a member submitted the URL into this team, the message was obvious: Acts like Eva Gordon’s are #squadgoals. As this hot Intexchange narrative points out, there’s also a great deal we could learn from key plantations such as Ms. Gordon.
Since we aren’t all secret millionaires (boo!), this story about how one couple sticks to a grocery budget of $50/week brought our budget brigade out in droves. They proved quickly that it is possible to food shop on $50/week. Members also offered tips on budget-friendly stores to shop for the best deals (shout out to Aldi and Costco) and how to obtain the most for your money out of monthly meal kit services (spoiler: promo codes for companies like Hello Fresh, Blue Apron, and Daily Harvest will be your BFF!). Oh, and newsflash: Americans toss close to $165 billion in food every year (yes, really!). Here’s an Intexchange look at ways you can stretch your grocery budget to the limit.
It’s no secret that navigating a divorce can wreak havoc on your finances, often in unexpected ways. Whether it’s disentangling yourself from a family cell phone plan or getting on a new insurance plan as a newly single parent, our group members have proven time and again that they are a sound listening ear. When it comes to researching insurance during a divorce, most group members agreed on the best method: Find an independent broker and don’t be scared to ask questions before you know just what your brand new policy will pay for.
No subject is off-limits within our Intexchange Facebook collection, even fragile subjects such as the best way to approach your own aging parents regarding real estate planning and ending of life aims. In one especially short thread, team members traded hints and suggestions about how they’ve experienced success in speaking to their parents to some subject which may be tough to bring up. “Lead with respect” and also “be vulnerable” are just two favorite beginning points for what may often be a psychological discussion.
Our team members also realize that talking estate planning isn’t easy and that it needs to be an ongoing discussion with your parents. Sometimes, asking them if you can help them with their day-to0day budgeting can be the springboard to discussions about longer-term plans. But however the conversation starts, the collective group opinion was that sooner is always better than later, especially when it comes to filing estate paperwork. Here are 5 must-dos to put on your estate planning list ASAP.
In the Intexchange FB group, we’re always breaking down often difficult-to-understand financial concepts into words that are easily understood, because we’ve all been there. There’s nothing worse than being made to feel inadequate because you don’t know that the difference medially a 401(k) or an IRA. Don’t worry, girl: We’ve got you covered, and so did our judgment-free group members this week, when they helped hundreds of members deconstruct the ins and outs of 401(k) management, including what to do when you need to rollover a 401(k) after you leave an employer. Head to this post for a look at the best questions to ask before you open a 401(k).
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