Nothile Finance

  A cash envelope system is a budgeting tool used by many. It is a way to track exactly how much money you have budgeted for each expense category for the month and tuck the cash away. You essentially categorise your expenses and then put money in an envelope labeled with that category. The advantages of using Cash Envelope Systems Keeps you on track with your spending It enforces discipline and holds you accountable It limits you and helps avoid overspending Forces you to plan ahead You will not have overdraft fees and credit charges You will also avoid impulse purchases. Steps on how to use Cash Envelope Systems Create a unique budget every month You need to tailor your budget according to your needs (and wants) for that particular month. Make it as accurate as possible. Choose what budget categories to use with a cash envelope system You already know your monthly bills. You just need to create categories for them. For example, you can have a groceries category, utilities category, e

Did you know that there are sites that pay moms to share their stories? Yep. Getting paid to share what you already know. These sites pay moms to share their stories. They're a perfect side hustle for stay-at-home moms and working moms too. Some of these sites pay as much as $800 to their contributors.  1. Money Pantry - Pay $150+ Money Pantry is a personal finance blog. They are always looking for writers. You can write about ways you save money in your household. Anything that has to do with finances. Those small (or big) things that improve your finances. 2. Freelance Mom - Freelance Mom allows ‘MOMpreneurs” to share their journey of being a mom and an entrepreneur. You can write about the ups, the downs, and anything in between. Moms can share their coping mechanisms. How they started, and how they keep the balance. Basically anything relevant to being a mom and an entrepreneur.  3. Healthy Living -Pay $150+ Healthy Living is centered around a healthy lifestyle, parenting, p

We are always encouraged to plan for the future. Have a retirement plan. But more often than not, people rarely ever explain what a retirement plan is. How to go about it and what options you have. In this issue, we will dive deep into the good, the bad, and the ugly about retirement plans. We will mainly focus on the most common one, 401(k). What is a 401(k)? A 401k is an employer-sponsored retirement plan. It is named after section 401(k) of the U.S  Internal Revenue Code. The employee agrees to contribute a certain percentage of their salary to an investment account for retirement. Employers may match some or all of the amount.  This is a great investment vehicle for ordinary folks who work a 9-5. It is designed to encourage the working class to save and prepare for their retirement. There are primarily two types of IRA; the traditional 401(K) and ROTH 401(k). The main difference is that the traditional 401(k) is made pre-tax and therefore reduces the taxable income and the withdraw