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Sugar and Money

Sugar and Money

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blog graphic for debt update

June 2020 Student Loan Debt and Savings Update

I’m well overdue for providing a Student Loan Debt and Savings Update. June 2020 is here and I think we can all agree that this isn’t how we expected the middle of 2020 to be going. However, I am thankful to be still here, healthy and well. This is actually my first debt payoff update […]

Blog Graphic for Stimulus Checks post

Stimulus Checks: Here’s 12 Ways to Spend It

Stimulus Checks: Here’s 12 Ways to Spend It On March 27, 2020, President Trump signed a $2 Trillion dollar economic relief plan that is meant to help keep people involved in the economy. The plan included direct cash payments for many including changes to unemployment benefits and new rules for filing your taxes and making […]

Blog Graphic for Eight Student Loan Lessons

Eight Student Loan Lessons

Eight Student Loan Lessons Going to college, I didn’t plan to leave with a lesson in student loans. I often think of the things that I would do differently if I did the whole college and student loan thing over. Since I can’t turn back the hands of time – I choose to change those […]

Graphic for 38th Birthday Blog Post

38 Financial Thoughts as I turn 38

Do you want to know some financial thoughts that I’ve had? If you said, “Yes” then you are in luck because this post is all about financial thoughts that I’ve had in my 38 years of living. Two weeks ago, I turned 38. First off, Thank God for allowing me to see another day and […]

The Latte Factor

Sweet Read: The Latte Factor by David Bach

Have you ever heard of the term, The Latte Factor? If so, What do you think about The Latte Factor? If you haven’t heard of it, The “Latte Factor” is a term that equates to saving and/or investing a large amount of money by not spending money on daily lattes. However, your “latte factor” doesn’t […]

goal

Personal Mid Year Financial Check In

Are you wondering where the first 7 months of the year went? I know I am. June and July truly went by in the blink of an eye because wasn’t it just Memorial Day? Now, somehow kids are headed back to school.  It feels like we should go ahead and pull out the Christmas decorations […]

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A little about me…

JackieSugar and Money is a blog about the personal finance choices and thoughts from a 30- something old Mom, Wife, and lover of personal finance. This blog shares her story of tackling debt and creating her version of financial freedom. Read More…

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I've heard the financial rule of thumb of saving 1 I've heard the financial rule of thumb of saving 10% of your income for many many years. Most generally say to save 10% of your gross income especially in regards to retirement but I also believe you can choose to save 10% of your net income depending on your goals and how much you can comfortably save. (A rule of thumb is a generally accepted guideline but its not a proven fact however it gives you a reference point in my mind) Heck - I know people saving/investing 20% - 50% of their income (Hello #FIRECommunity)⠀⠀⠀⠀⠀⠀⠀⠀⠀
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So, since I'm unable to contribute to my 401K until May and I have yet to take action on opening my RothIRA (I know...what am I waiting on😩) I've started saving 10% of my net pay. Net pay is the amount of money that you "bring home" after all the deductions come out...you know all those deductions like your retirement plan contributions, taxes, and benefits...THEN what's left is your net pay. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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I take my net pay amount and multiply that by .10 and that total is the number that I transferred to my savings account on payday🤑⠀⠀⠀⠀⠀⠀⠀⠀⠀
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My current plan is to save 10% of my net pay each payday and then once I open my Roth IRA - deposit all of it into my Roth IRA.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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❓What is something that you're currently doing with your finances? ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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#sugarandmoney #financialfreedom #thinkandgrowrich #debtfreejourney #budgeting #financialgoals #goalgetter #goaldigger #debtfreedom #studentloandebt #studentloanssuck #manifestyourbestyear #mindsetmatters #buildingwealth #financialpeace #moneysavingtips #financialindependence #millenialmoney #budgetingtips #debtfreeliving #debtfreelifestyle #savingmoney #financialruleofthumb⠀⠀⠀⠀⠀⠀⠀⠀⠀
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🧁 Follow @sugarandmoney for more sweet money content.⠀⠀⠀⠀⠀⠀⠀⠀⠀
💖Like this post if you want to see more posts like this.⠀⠀⠀⠀⠀⠀⠀⠀⠀
🗣 Share with a friend because sharing is caring.⠀⠀⠀⠀⠀⠀⠀⠀⠀
👇🏾 Comment and let me know your thoughts.
If you are new around here or missed the memo, I s If you are new around here or missed the memo, I started at a new company after being permanently laid off from my employer of 11 years. My current company offers a 401k plan and they even automatically contribute 2% even if I don't contribute anything. They also match the first 4% that I contribute. That's cool BUT... I have to wait 6 whole months to start participating! Y'all! 6 months seems hella long to me and I've never had to wait that long. Previously I've waited 3 months at most.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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What about you? What has been the longest amount of time that you've had to wait to participate in your company's retirement plan? ⬇️⠀⠀⠀⠀⠀⠀⠀⠀⠀
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#sugarandmoney #financialfreedom #thinkandgrowrich #debtfreejourney #budgeting #financialgoals #goalgetter #goaldigger #debtfreedom #studentloandebt #studentloanssuck #manifestyourbestyear #mindsetmatters #buildingwealth #financialpeace #moneysavingtips #financialindependence #millenialmoney #budgetingtips #futureselfplanning #retirementplanning #questionoftheday⠀⠀⠀⠀⠀⠀⠀⠀⠀
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🧁 Follow @sugarandmoney for more sweet money content.⠀⠀⠀⠀⠀⠀⠀⠀⠀
💖Like this post if you want to see more posts like this.⠀⠀⠀⠀⠀⠀⠀⠀⠀
🗣 Share with a friend because sharing is caring.⠀⠀⠀⠀⠀⠀⠀⠀⠀
👇🏾 Comment and let me know your thoughts.
The 2020 numbers just keep rolling in. Honestly, I The 2020 numbers just keep rolling in. Honestly, I thought I paid less in student loan interest since I only paid on them for a few months but numbers don't lie. The good news is, any and all accrued interest on all of my remaining student loans has been satisfied. (I have 3 student loan groups left, totaling $29,700)⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Have you received your student loan tax information? If so, how much did you pay in interest? (Nelnet is my student loan servicer and sent them out electronically on the 12th)⠀⠀⠀⠀⠀⠀⠀⠀⠀
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#sugarandmoney #financialfreedom #thinkandgrowrich #debtfreejourney #budgeting #financialgoals #goalgetter #goaldigger #debtfreedom #studentloandebt #studentloanssuck #manifestyourbestyear #mindsetmatters #buildingwealth #financialpeace #moneysavingtips #financialindependence #millenialmoney #budgetingtips #debtfreelifestyle #debtfreeby40 #debtfreeliving⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Follow @sugarandmoney for more sweet money content.⠀⠀⠀⠀⠀⠀⠀⠀⠀
💖Like this post if you want to see more posts like this.⠀⠀⠀⠀⠀⠀⠀⠀⠀
🗣 Share with a friend because sharing is caring.⠀⠀⠀⠀⠀⠀⠀⠀⠀
👇🏾 Comment and let me know your thoughts.
My favorite quote is, “Nothing happens until you My favorite quote is, “Nothing happens until you decide”⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Whatever goal you have in mind that you want to achieve this year, decide that you will finish it.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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So, decide on your goal(s) then decide that you will achieve that goal! Silence any doubts, haters or naysayers because at the end of the day - your goal is exactly that - Yours! ⠀⠀⠀⠀⠀⠀⠀⠀⠀
You might start and stop but don’t you dare quit on yourself. Not this year! Instead...Finish it!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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But I want to hear from you, Let me know one goal you plan to start working towards achieving and that you're committed to finishing in 2020-Won!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Let’s Get It!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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📷:@henryjonesphotography⠀⠀⠀⠀⠀⠀⠀⠀⠀
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#sugarandmoney #budgeting #newyear #finance #savings #money #financialfreedom #thinkandgrowrich #debtfreejourney #budgeting #financialgoals #goalgetter #goaldigger #debtfreedom #studentloandebt #studentloanssuck #manifestyourbestyear #mindsetmatters #buildingwealth #financialpeace #moneysavingtips #financialindependence #millenialmoney #budgetingtips #debtfreeliving #debtfreelifestyle #goalsettingseason #twentytwentywon
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