Budgeting and tracking expenses I need some advice on some platforms that help me manage my expenses. I have a hard time tracking them and it ends up costing me a good $100+ extra dollars a month because I simply forget to cancel subscriptions. Any help? submitted by /u/Good_Beautiful_731

Where can I reduce necessary expenses? Rent and utilities: around $1100. Groceries: $400 set budget – only spent around $90 so far in February Car insurance: $70 to $80. Fluctuates. Gas: $60 to $75. Work from home twice a week now which will reduce spending. Misc: $75 to $110. Lyft. Haircut. Car wash. Amazon prime subscription ($15). Essential things like laundry pods. submitt…

We had $32,454 in out of pocket medical expenses in 2024. Unable to deduct this from our taxes Quick background – We went through a round of IVF. None of this is covered by insurance. We have receipts for all the expenses. I am filing taxes via FreeTaxUSA. When I fill in the medical expenses section in FreeTaxUSA, I entered the said amount as you can see here – https://ibb.co/hxtc8WT8 Here is the summary of deductions – https://ibb.co…

Best expenses tracker apps Hi, whats the best expenses tracker app now? Possibile for free, or cheap And which are the features you love about? submitted by /u/East_Intention_4043

21yo starting to track expenses Im a 21 year old, just started to track expenses on a google sheet. My mom suggested I did because I have no control and spend every single dollar that I get my hands on. I really do wonder where my money goes because it goes fasttt, but I am here to ask what will I get out of this, this seems like a hassle I like the google sheet that I made, b…

I have a mountain of expenses this month and have had very little income so far. Can someone advise as to how to proceed? This month I have had basically zero income since working retail on-demand and having barely any shifts to pick up. I will have one check depositing on the 24th for $290. I knew hours were gonna be limited at my retail job this month so I applied for a serving job at an expensive breakfast restaurant in advance, but was not officially hired the…

Second job vs cut expenses? I’d like some advice on my current situation. My current monthly take home pay is $4,400. My monthly expenses: rent $1,700, groceries/household $600, utilities (wifi, water, electricity) $200, personal (car insurance, spotify, xbox, supplements, etc) $240, gas $160. Savings: $583 Roth IRA, $700 HYSA for engagement/wedding and emergency. Left ove…

Traditional vs Roth for 25X expenses I think this is as pretty straightforward question, but I haven’t been able to find a clear answer. Say my annual spending estimate in retirement is X. I would want 25-30X saved. However, are there any multipliers I would use if that money is all Roth, traditional or general investment accounts? $2 million Roth seems like it goes farther than $2…

A year of expenses tracked and graphed, annual check in For the second year in a row, I tracked all of my expenses. Here’s how things turned out: https://imgur.com/a/QoT76Pg Context: 25, L/MCOL area, live alone in suburbs This year, my priority was saving for a down payment on a home. I did a much better job than last year but still see some opportunities to do better. I cut down on travel and didn’t…

Is moving out at 36+ and spending $42K per year on rent and living expenses “burning money” The context is near Bay Area, California. 1. Is moving out at 36+ and spending $42K per year on rent and living expenses truly “burning money,” as my parents suggest? I lived with my parents for over 10 years after university and contributed significantly to household expenses: half the mortgage ($3xxK), property taxes ($10K/year), home improvem…

Do you use your HSA/FSA for all your medical expenses, or do you try to save it? I’ve been using my HSA for virtually all my medical expenses, even when they’re small bills like less than $100. I could comfortably pay them without having to use my HSA. Should I start paying cash for these so I have more money in my HSA for future medical expenses that could be more of a financial burden? Also, I thought I could always save …

I have 50k in savings but trying to decide on expenses for house Hello, I have no one to ask, but i penny pinch on a lower middle class income, and I have 50k in savings. I’m 17k from paying house off with 3.4% interest. I also need to redo 40 yr old siding and recarpet or refloor house. Carpet is OK but showing major signs of wear. Siding is horrible. That’ll be 10k to redo. Repainting didn’t do much to make…

Why do we say that US-based HDHP plans are only good if you have low medical expenses? Ita doesn’t seem to be true. It seems to be more accurate that a HDHP is cheaper in nearly all situations. A really small example below, using Federal employee rates for a family plan. ||GEHA Standard|GEHA High|GEHA HDHP| –:|:–|:–|:–| |Premium|5571.8|9784.32|5239.52| |Deductible|700|700|3300| |***subtotal***|6271.8|10484.32|8539.52| |HSA pas…

What practical tips do you use to keep your expenses and savings in order? I have enough income to support myself but I feel I dont have control over my finances. I never have enough savings. Something happens from time to time and large expenses drain my account. My partner on the other hand saves 1000s in a matter of months and I feel like I am not skilled enough. I think I am so scared of losing money that I hate t…

Am I right in understanding that if I have an HSA but can afford most of my medical expenses out of pocket, to do that and invest my HSA money? (US) I think I’m reading right where if I can afford those costs just on my own, I can then invest my HSA money and reimburse myself for everything down the road right? I can track expenses, dates, and receipts no problem for the long haul. Just making sure I am understanding correctly submitted by /u/andrewsmd87

$600 left a month after expenses Hi! I am looking into apartments as will need one closer to office. With the one I am looking out, after taking out $600 for 401k, 1000 savings a month, and 2100 for rent + utilities I am looking at around 600 left for extra spend. Is this enough for a single 23 year old to live off of? Or would you suggest looking into cheaper options? There a…

What should I do with my money while I have zero expenses? Hey guys, I’m 20, currently in the army ( Portugal ) and I basically have no expenses right now. Food, housing, and all that are covered, so I’m saving almost my entire paycheck. It’s a pretty good setup, but I don’t want to just let the money sit in my account doing nothing. I don’t have any debts, and I’ve got about nothing saved up so far. I’…

10 year of living expenses report in Poland Hi Reditors, I like to present a 10years of living expenses of DINK couple in Poland (both currently at ~36y). We have always recorded our expenses and were categorizing them, it just happened that it has been 10years of after-university living for us, so I though I would share here 🙂 Notes: Currency is PLN, if you want USD then divide by 4. r…

Is there any tools or software I should look out for on Black Friday for planning expenses and investments? Looking to get more serious about my finances and was wondering if there are tools people suggest using? Right now I’m just using an Excel sheet to track my monthly expenses but wasn’t sure if there was something better to incorporate things like my savings, real estate or investing portfolio. (fwiw I’m a US citizen living in Europe, so ideally …

Where do you keep track of your expenses and calculate profits? Hi guys, I’m a beginner clothing brand owner. I would like to start keeping an account of my business finances, but I don’t know the best way to do it. How do you keep track of your finances, do you use excel or any apps or maybe hire someone? I would be glad to hear any advice or opinions from you. Much love! submitted by /u/business_war…