FemaleLives

SoFi is a  bank that has all the tools you need for your financial journey and helps you manage your money all in one place, without your husband’s approval… and they share my commitment to help women overcome barriers to financial independence, Follow along on Instagram where I’ll be dropping all my tips, and learn more about our partnership and my favorite SoFi products at  SoFi.com/Sophia!

  Compound Interest Compound interest (or compounding interest) is  the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods . Compound interest can grow your wealth because it is interest that's earned on top of interest already earned . This concept applies not just to the money saved in your bank account, but on returns earned on your investments too. Investing is one of the most powerful things you can do to build wealth for the long-term.  

  Budget 101 Divide up after-tax income and allocate if you can to the following 50% essentials or needs 30% non-essentials or wants 20% future, savings, buffer or rainy-day If possible have a monthly transfer to a non-essentials account and a savings account so that the money left is just for bills and essentials. Identify your income and expenses Check that you are paying the correct tax. Work out what is your average income and what are your expenses. Rank your essentials by cost and essential/non-essential Go thru the list to determine if you can get a better deal or can remove them. Planning Plan your working month and year, set up your direct debits just after you would be credited with your salary so that you have this money available. Remove any items that you can live without or do not bring me closer to my goal. Have a record of when you get paid and when your bills leave your bank account so that you can be in the knowledge that the major essentials have been paid and you ju

  Blue Zones - commonalities that lead to better lives https://apps.bluezones.com/vitality/background Move, Right Outlook, Eat Wisely, Connect Belong - attending faith-based services four times a month will add 4-14 years to your life Move Naturally - use your body everyday Purpose - know sense of purpose Down Shift - shed the stress 80% Rule - stop eating when stomachs 80% full Plant Slant - eat more beans and less meat Wineats - drink alcohol moderately and regularly Right Tribe - put family first Loved Ones First - social circles that support healthy living. Smoking, obesity, happiness and loneliness are contagious.

  Avoid Scams - Holidays Scams Caravan and mobile home scams Fake listings and attractive prices.  Avoid payments via bank transfer as opposed to other secure payment methods Holiday Cancellation refund Scams Criminals defraud people in a number of ways and they can find out a lot about you.  Avoid giving out bank account details over the phone. Look when entering details into a website which might be fake (look at the full address and ignore and domain name details that are left of any full stop, for example ryanair.iamascamsite.com is a scam site. Refund via a spoof refund agent Criminals call you with the claim of a refund which requires personal and financial information.  The real company should have enough information about the original payment method to pay back to your credit card or debit card. Holiday Booking Scan Make all purchases using a credit card which will protect you if the holiday is a scam or does not come about.  Holidays that are fantastic bargains you are normall

  Avoid Scams - Currency Update all credit card companies with contact details and that you are going on holiday Make sure that you write down or photograph all financial contact details Make sure that you read the amount of the bill before paying the amount and check what that amount will be in local currency. Some scams put a zero or two at the end of the bill Leave items that you will not use from your purse in a secure place at home. If your cards are registered with a card protection agency, keep a contact number with you and a friend who can help with the details if required. DO NOT leave some with your card your any time, you can make a fraudulent purchase in 10 seconds. Shield your PIN entry with your hand when typing and move your fingers to do non-presses as well as real button presses so that overlookers can't read your movements. Have all your belongings on you or hook bags around chairs or your foot while sitting down. Check your accounts while on holiday to report any

  Avoid Fraud - Romance Scam To build up a relationship with someone while on holiday where criminals are looking for a target to scam - widowed or divorced Scammers go to great lengths to gain trust and convince you that a genuine relationship exists before exploiting you by asking for money while on holiday or when you are back home. They ask that they need money for emergency medical care, and transport costs to continue the relationship.  Do not send money this will always end in tear, so avoid.