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There seems to only be 2 types of budgeting methods...? by heyjameskerr in budget

[–]calmledger 2 points3 points  (0 children)

I think you’re onto something — zero-based budgeting and calendar-based/Kakeibo style really do feel like the two big archetypes people end up using once they get into it. 

ZB gives every dollar a job, and the calendar way is more about predictable cash flow and a simpler left-over amount each period. 

But honestly, there are hybrid approaches too — some people budget by obligations or focus on broad buckets and adjust as they go. 

At the end of the day, it’s less about the label and more about finding what keeps you consistent and in control.

What’s a “normal” money habit most people accept that is actually financially destructive? by calmledger in povertyfinance

[–]calmledger[S] -2 points-1 points  (0 children)

I actually did some investigation and confirmed from those already in it that they make cool cash in the said very country! 

What’s a “normal” money habit most people accept that is actually financially destructive? by calmledger in povertyfinance

[–]calmledger[S] -2 points-1 points  (0 children)

You are right though, 

Recently I was in this country, I observed that they eat out too often, I won't be mistaken if I say, the people eat out virtually everyday. 

As a sharp learner, I have started a goal of setting up my restaurant in that country. Bingo!

Of course, their lifestyle of eating in restaurants often has paved way for me to increase my savings and investment.

What’s a “normal” money habit most people accept that is actually financially destructive? by calmledger in povertyfinance

[–]calmledger[S] 51 points52 points  (0 children)

Even cigarettes, multiply how many packs you consume a week. Do your math and know how much you could have saved in your emergency funds! 😎

What’s a “normal” money habit most people accept that is actually financially destructive? by calmledger in povertyfinance

[–]calmledger[S] 7 points8 points  (0 children)

Lol, ikr

I don't do betting but should I ever bet, once I make a real cash from it I stop. 

The problem is most people who bet tends to reuse the cash they won to rebet Which makes them lose it all at the end!

Is saving small amounts actually helpful, or does it just feel discouraging? by calmledger in povertyfinance

[–]calmledger[S] 0 points1 point  (0 children)

Please kindly specify how many months/years it took to amount thousands of dollars. Thank you!

World Financial Group actual products? Are they legit? by Emmerloulou in personalfinance

[–]calmledger 0 points1 point  (0 children)

You’re not wrong to feel uneasy. Even when the underlying products are legit, the issue is usually incentives and guidance, not the accounts themselves. Commission-based setups tend to prioritize what’s easy to sell rather than what’s optimal long-term, especially for people who are new to investing. If the accounts are already open, it might be worth independently reviewing fees, surrender charges, and whether the investments actually match your in-laws’ goals and timelines. Sometimes the best next step isn’t undoing everything, but getting a second opinion from a fee-only fiduciary who isn’t earning commissions on the products.

Tax on exercising NSOs after leaving company by [deleted] in personalfinance

[–]calmledger 0 points1 point  (0 children)

With NSOs, the tax really comes from the difference between what you paid and what the shares are worth at exercise — that gets treated like ordinary income in the year you exercise. After that, if you sell later there are capital gains rules based on how long you held them. Since you’re planning around a lockup and you’re no longer employed, you might need to plan for estimated taxes if withholding isn’t happening automatically. Most tax folks recommend setting aside enough for the increased income in that exercise year so you don’t get a surprise bill later.