JULY SPENDING RECAP | first month on full-time income | mental health costs a lot

Yay! First month on a full-time income means we actually had money to put toward goals. This month, unlike previous full-time income months, I did not pay myself first... because I didn't know what we were going to actually bring in, so I saved the left overs. Looking ahead, we're realizing we need to prioritize certain goals, because we can't save AND invest for everything, we need to be more specific.
tools mentioned:
Google calendar
monarch money (use my referral link for extended 30-day trial and 50% off an annual subscription): www.monarchmon...
instagram: / firstgenmoney

[@ventureswithvee]

i love your goal of maxing out your 401k especially while starting later in the year. i 100% believe you can get it done! :)

[@FirstGenMoney]

YESSSS!! Definitely a stretch goal but let’s see what happens!!

[@BrianiCallender]

@@FirstGenMoney love your content! have you thought about hosting a series? we would love to consider you for a project we have going right now at money lion but haven't heard back from you yet! please double check your inbox and socials for our message! :)

[@elizabethreads0312]

I don't know if you have a TD bank near you but they have a checking account and the 15 dollar fee is waved as long as you have direct deposit from an employer coming in to your account.

[@FirstGenMoney]

ohhh thanks for that tip!

[@LaTonyas_Library]

As a married couple how much you can fund a Roth IRA is based on your taxable income reported on your joint tax return. So you both can fund a Roth IRA based on your income.

[@FirstGenMoney]

Omg!! I need to look into this - thank you for sharing!

[@613Cris]

For certifications and courses, "Professional Development" is a good category to add.

[@FirstGenMoney]

Ohhh yes good point!!

[@naturallovekinks2554]

This is super helpful!!!. Thank you :)

[@FirstGenMoney]

Yay! Glad you found it helpful!

[@amycolucci6769]

You go girlll

[@FirstGenMoney]

TRYING YOU KNOW!!

[@NoParking121]

What about saving for your own place? Why maxing out investments first?

[@jasminkln]

Houses usually are not as good of an investment as many people think

[@NoParking121]

@@jasminkln Just speaking on primary residence, not as an investment vehicle.

[@FirstGenMoney]

Good question!! We’d definitely like to own a home one day soon but I think we’ll probably rent again before we buy so we don’t necessarily need that much $$ upfront for that and can hold off until my partner find a job to refocus our savings towards that!