Theology Gals

Theology Gals | Episode 110 This week Coleen and Angela address being wise with our money. Below you'll find an outline of the topics discussed. Budgeting Budgeting software options Work on your budget together as a couple Budget for everything Getting out of debt Pay off highest interest debts first Pay more than the minimum If you aren't carrying a balance on your credit card DON'T START! Saving Emergency Funds Saving for bigger purchases Christmas Vacations Home improvements Cars Saving for retirement (which will tie in with investing) Investing Types of investments Debt (bonds) Real Estate Equity (stocks) Derivative investments (options, hedges, other very complex instruments) Why Invest Inflation Lifetime avg return on the market Basics Start early Max it out, get every match dollar Diversify (talk about risk) Individual stocks >40 Mutual funds Diversify across asset type as well Shift strategy with age