- April 24, 2024
- Posted by: legaleseblogger
- Category: Related News
Try Free Now: Legalese tool without registration
## Need Help Budgeting? Consider AI Legalese Decoder for Personal Finances
My husband (36) and I (38) have found ourselves in a less than ideal financial situation due to a lack of budgeting. Despite his good income, a healthy 401k account, and good progress on our home mortgage, we are struggling due to unexpected health and house-related expenses. Our cash flow is low, and we are unsure of how to manage our essential expenses within his salary, especially with medical bills and deductibles.
Our search for financial guidance has been unsuccessful so far. We have tried working with Dave Ramsey coaches without success, and certified financial advisers we have spoken to do not specialize in budgeting. I am using the Monarch app to track our expenses, but I feel like I need more guidance and education on basic budgeting principles.
This is where an AI Legalese Decoder can be beneficial. The AI-powered tool can help analyze your financial situation, identify areas where you can cut costs or optimize your spending, and provide personalized recommendations on how to create a budget that aligns with your financial goals. By utilizing AI technology, you can gain access to valuable insights and guidance without the need for a traditional financial adviser.
Consider using an AI Legalese Decoder to take a remedial Budgeting 101 class tailored to your specific needs. With the help of AI technology, you can gain the financial education and support you need to improve your financial situation and achieve your goals.
Try Free Now: Legalese tool without registration
**The Problem with Understanding Legal Jargon**
Legal documents are notorious for being filled with complex and confusing language that can be difficult for the average person to understand. This can make it challenging for individuals to know their rights and obligations when faced with a legal issue.
**How AI Legalese Decoder Can Help**
AI Legalese Decoder is a cutting-edge software tool designed to simplify and translate legal jargon into plain language that is easy for anyone to understand. By using this tool, individuals can quickly decipher complicated legal terms and concepts, allowing them to make more informed decisions and better navigate the legal system. This can ultimately save time, money, and stress when dealing with legal matters.
**In Conclusion**
Thanks to advancements in technology like AI Legalese Decoder, understanding legal jargon doesn’t have to be a daunting task. By harnessing the power of artificial intelligence, individuals can level the playing field and access the information they need to protect their rights and make informed choices.
****** just grabbed a
Budgeting is not complicated, you can do it even as an idiot, it is simply difficult because it takes self discipline and effort to stop spending money and takes time to track every dollar. When you are lax with your budget you are trading time and effort for your dollars, you need to workout your self discipline muscle and shift the balance the other direction.
I sit down with friends and family and help them budget but very few have the self discipline necessary to actually stick with it. It is easier to go out to eat and buy things that feel good in the moment.
The biggest question to ask yourself is, do you really want to do something that will not feel good, be hard, and take time in the short term but will pay immense dividends in the long term? Answer that question honestly.
If you do, we need more info: housing costs/bills/debts/cost of living grade/ etc
I have an Excel spreadsheet where I figure out money coming in and and then money I know going out (mortgage, estimated utilities, set monthly savings, even that I know it’ll be another $300 to sign up for the next session of swim lessons for the kids). Then I figure out what’s left over, divide that by the days in the month, and then I will know how much I can spend per day. It helps me.
Good start with monarch or simplifi apps to track spending. I would spend some time going through the personal finance reddit group, they have a lot of good resources as well. Since your tracking it, you can start to see where spending needs to be adjusted, hard part is putting the effort to change habits from there.
Budgeting is literally tracking all your income/expenses. Every single dollar if you need to. And sticking to that. You know how much you make, so you need to write down every single expense like food, gas, etc and how much you want to save and cut out anything that puts you over the income amount. For example you may have to cut out a hobby, dining out or a monthly subscription or two. Track your expenses for a week or two and see where the little things are adding up. (Do you get fast food/coffee daily, etc) Until your expenses are less than income.
Financial advisors aren’t really there to make your basic budget. That’s such a simple thing you should be able to do in a matter of hours or less. A budget literally just deals with the money you already make and the money you are able to spend based on your income.
I’m a pharmacist and my first job was overnights 7on7off. I would buy energy drinks and some snacks pretty much daily the first year.
My first budget was pencil and paper and I’d write everything. Well it took me no time to realize that if I spend $5-10ish a day I was spending $70 a WEEK on work snacks. Insane. That’s why tracking what you spend is so important. A financial advisor isn’t any more well equipped than you are to do that for yourself.
If you’re looking for a Budgeting 101 course, you can try Caleb Hammer’s? Technically it’s all info you could find for free elsewhere, but it’s also one of those subjects where there’s a lot of noise to tune out; and it can be hard to tune out the noise if you don’t already know the subject matter.
Bear in mind, I can’t actually vouch for the quality of the content or whether it’s really worth the money. I haven’t taken it or any other budgeting courses, and I don’t know anyone who has. It’s just the single 101 course I’m aware of, and I agree with most of his strategies for personal finance (more so than Ramsey).
Here’s the landing page for the course: [https://calebhammer.com/budget/](https://calebhammer.com/budget/). It’s $147, so maybe watch some of his YouTube videos first to get a feel for the core thought process, dig around the internet for info that’s consistent with that, and see if you can’t piece together what you need for free before shelling out the money.
If you can handle the day in day out logging, [the Kakeibo Method](https://www.credit.com/blog/kakeibo/) will allow you to track where every penny is going. (The site I linked even has a free template to download)
Sorry to hear about your health woes, and I hope you get back on track ASAP.
[deleted]
I deleted my original response because it’s 230 am and I stupidly recommended a service I just googled without realizing it was religious based, sorry
The I will teach you to be rich podcast can have some solid advice!
Budgeting helps but it’s just a polite way of saying you either need to make more money or spend less.
You could penny pinch but it’s mostly rent, car and groceries.
Its literally basic math.
Track your expenses and income on a weekly basis.
Allocate your money to savings, retirement, expenses, etc before it even comes to you. The less you have to waste and play with = good budget.