Newsletter
Better Finances for a Better You
← 044 Neontra Newsletter Issue #043 042 →
Estimated reading time: 6 minutes
Did you know?
Before the discovery of gold in the Western United States, there wasn't enough precious metal in the US economy to make coinage. Prior to 1857, foreign coins were accepted as legal money.
Track your all your coins, cash, gift cards, crypto in one place with Neontra →Word of the week
Avalanche Method
With the avalanche debt payoff strategy, you focus on repaying debts based on their interest rates. This method prioritizes interest rates and paying off debt with the highest interest rate first. You move on to the next highest interest rate debt after the first is paid off. This helps you pay less interest over time.
Strategies for Paying Off Debt Faster →Budgeting
Tips to stay within your budget
- Save all of your invoices and receipts.
- Try to keep your expenditures inside the parameters of your budget.
- Any time there are changes, such a wage rise or an increase in bills, update your budget.
- At the conclusion of each month, do a comparison between your actual spending and your budget.
Review your spending plan from time to time. If you find that your actual expenditure frequently deviates from your budget, update your estimates to be more realistic.
Quote of the week
"More people should learn to tell their dollars where to go instead of asking them where they went."
- Roger Babson
Infographic of the week
What are people’s biggest financial stressors?
The route to financial happiness isn’t the same for everyone, though 81% of Americans agree that inflation and the rising cost of goods generate the most stress. But different trends emerge when we compare the generations.
Financial stress is such a challenge that many plan to retire three years later than planned →Saving
Mental Health And Material Wealth
Half Banked Podcast: Hosts Cadeem and Bethan explore how your mental health affect your relationship with money? And how does money affect your mental health? →Investing
What are ETFs and Should You Invest in Them? by Elizabeth Gravier
There are so many ways to invest your money to build your wealth. From stocks to bonds to index funds, there’s a wide range of investment vehicles for every kind of investor depending on their goals. A common choice for beginner investors who want exposure to the overall stock market is to put money into an exchange-traded fund or ETF.
Here's what you should know about investing with ETFs. →Serious Stuff
Total Credit Card Debt Reaches $1 Trillion: 5 Ways to Get Out of Debt by Evelyn Waugh
Here are 5 steps to get out of debt:
- List everything you owe
- Decide how much you can pay each month
- Reduce your interest rates
- Use a debt repayment strategy
- Avoid new debt
Fun stuff
"Well, I had a buck When I went to the track Had twenty grand When I came back Gonna get rich quick This is my lucky day"
Which artist is #1 on our Neontrack playlist this week?
Listen to our Neontrack playlist when you have music and money on your mind.