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The Green is Mesmerizing
Hey guys! I wanted to share #HoldThePRess which is an initiative, inspired by #PullUpForChange and 600 and Rising, holding the PR industry accountable for recruiting and cultivating Black talent at all levels. The website with more info and to sign on in support is holdthe-press.com and you can sign whether you are Black or an ally. Also, we are planning on presenting the asks and demands to agencies in the coming weeks and will be sharing via the website and on IG: @holdthe_press.
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I miss the corporate welfare of all my free mealz
I've worked at the same engineering firm for 4 years. I'm currently making $161k with only a $750 bonus, but excellent vacation (4 weeks, cash out anytime, rolls over indefinitely), 45 hours a week. I have an interview with a recruiter at Guidehouse this week for a Technical Project Manager role. It seems to be focused in the government space and requires a security clearance. What sort of salary and benefits could I expect for this sort of role at Guidehouse?
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Strong vote for YNAB - it provides incredible clarity on my spending trends and where money goes. Mint sells your personal information and that was a huge turnoff for me.
If BCG uses YNAB then I need to use YNAB and then maybe I can join BCG
Excel I’ve been running myself for 6 years - it keeps me honest every Monday when I have to input my spending for the week rather than collating.
For those looking for templates - I never found one I loved so I kind of smushed together a few from Reddit - fire and personalfinance have a few.
Basically, every year gets two worksheets, one for daily spending broken down by the month as well as card/account I used and categories that make sense for my life (grocery, types of eating out whether bar coffee dining fast casual etc, clothes, health, charity, gifts, babies) with a vlookup function and then one for summary of where money goes (categories dumped into spending, paychecks, monthly auto transactions, bonuses) broken down by money in and money out and then total for the month.
The 20th of every month I go through and update a worksheet that tracks current status of all of my accounts - card balances, bank accounts, investment accounts, retirement, 529s for both kids, espp - and I get the total networth versus how much money I can actually touch if anything happens. Those numbers I’ve tracked on a chart and I’m just waiting for that exponential growth curve to start shooting up.
That being said, it is not that impressive nor difficult to throw together based on our skills. What makes it useful to me is that I made it work for me
I use Mint. Good way to keep an eye on things from 10,000 feet and dive in where needed without having to be as meticulous as YNAB
Ditto - just hit a million dollars on net worth in Feb - all thanks to the discipline that Mint helped with without having to do much
I like personal capital
I am also on Mint. At a high level, i have heard that mint is better for budgeting, personal capital is better at investment tracking.
+1 for YNAB. Wish I would have started using it ages ago. Worth the steep learning curve.
Another vote for YNAB... I'm a big fan.
Apps take the fun out of it. Excel has plenty of great templates that you can modify to your own liking. Mine has evolved drastically over the course of one year. I check it once or twice a month, maybe more if I'm trying to hit financial goals.
Apps may be good if you start adding credit cards and brokerage accounts. But a key to financial management is you actually manually inputting your expenses to get a feeling of what your spending or blowing your money on.
Sharing a template is almost cheating you out of your financial knowledge experience. "Richest man in Babylon" & "Think and grow rich" are great books for financial. You didn't ask for book recommendations but these books are so great i want everyone to know about them.
I love YNAB. Used it since 2013 (it has evolved but still love it). Great for budgeting. Also use Personal Capital but for me that's more for tracking net worth.
Same here. YNAB is for monthly cash flow and accruing for bigger annual expenses; Personal Capital is for net worth, asset allocation, tax efficient-investing, etc. PC has a budget tool but it’s crude compared to YNAB, not on the same level at all. Together, they’re pretty powerful.
YNAB?
You Need A Budget. It's a budgeting app
Since your just starting out, I think the manual and meticulous nature of YNAB helps to learn budgeting from the ground up. Id also recommend true bill connected to some of your spending accounts which will does a good job of tracking subscriptions and recurring expenses -- it's not hard too lose track. Lastly, personal capital to help keep an eye on your wealth. They will grow with you start to grow your wealth and can even provide financial planning.
I love mint! Haven’t used the others but mint is very straightforward and easy to use!
Been using Mint since last 8 years. Tried many but always switched back.
Did Mint, now on YNAB. Favorite feature is the income vs expense report. It’s basically like a little monthly income statement. Can’t get it in Mint. Very easy to do in excel as well.
Mint is Mint ...use it alot
Mint as a fresh grad - great app
Mint
I love personal capital!
Personally, got out of grad school in 2011 and started using Mint in 2012. Does not matter which app you use among the 3 to be honest, it comes down to personal comfort over time with an app. If you start using one, make sure you are comfortable with the app’s security, its features and your budget/ networth traceibility - welcome to personal financial management!
I have personal capital, so far have really liked it