How Much Should I Keep in Savings? | SUMA Wealth

Watch your savings grow!

You’ve been saving poco a poquito, but what if you try a monthly deposit? Calculate how much a small ahorro every month can quickly get you closer to your goals!

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SAVINGS GOAL CALCULATOR

This savings goal calculator will help you determine how much you’ll need to save each month in order to realize your next big purchase. Whether your buying a home, a car or simply saving for an emergency fund, our calculator will help you determine what amount you should be aiming for.

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This is the amount you need to save monthly to reach your goal.

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Mindfulness Can Help You Control Your Own Economic Power

It’s easy for your mental health to take a deep dive during these times, but one way to help is by practicing mindfulness—a meditative practice that can not only ease your mind, but also in theory, help you financially.

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INSTAGRAM @WEARESUMA

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At SUMA we're ready to level up our collective wealth juntos. We are all about financial inclusion for our comunidad!
Text us HOLA at 📲 323-629-8732

How did this happen? Again?!😫💸 Your paycheck

How did this happen? Again?!😫💸 Your paycheck is already all accounted for. Sure, your bills are getting prioritized and paid but it sounds like the expenses are outnumbering the means. No more saliditas chic@ and stop buying chucherias too!🛑🙃

If you feel a little attacked by this, it’s time to start making money planning a habit. 👀 Thankfully, with the tips we have, you can avoid this endless cycle of living paycheck to paycheck and start saving and investing 🤑😉 Click the link in our bio and stop crying about your paycheck because we are confident your financial life will do a 360 in due time! 📈🔗

#wholepaycheck #impulseshopper #savvysaver #dinero #wealth #suma #investments #invest #financialliteracy #moneymoves #Moneyhacks #savings #latinosbelike #lol #meme #moneyhelp #credit #savinghacks #shopping #latinasbelike #moneymindset #debtfree

Imagine opening up a box of Gansitos only to find

Imagine opening up a box of Gansitos only to find it’s filled with Twinkies! 😭It’s kinda like knowing what your salary is before taxes and then opening up your paycheck to see how much you actually get to deposit. 🥴

Gross income is the total income💵 you earn on your paycheck, the number that looks as good as your favorite childhood treat.🤤 And net income is the amount you receive after taxes and deductions.📉 Let’s just say it can be as disappointing as vanilla filling in vanilla cake.

While your sweet tooth🦷 might not be satisfied with a Twinkie, 👎your savings account can still get full on your after taxed paycheck. It just takes some financial savviness, through things like budgeting, cutting expenses and investing.✍️ Maybe even thinking outside the (Gansitos) box a little.💁‍♂️

SUMA wants to help make your wealth building journey as enjoyable as biting into un sabroso snack cake. 🤤 That’s why we offer courses and bootcamps through SUMA Academy. Click that 🔗 in bio for more info or 📲 text HOLA to 323-629-8732 for financial tips straight to your phone.

#money #wealth #dinero #rich #investing #suma #moneyhacks #savinghacks #gansito #latinosbelike #lol #twinkie #latinabelike #financialliteracy #debtfree #saving #financialfreedom #Taxes #income

Latin@s we have that natural entrepreneurial sazó

Latin@s we have that natural entrepreneurial sazón wherever we go. 😎 We come up with ideas that start small and turn them into big empires. 🏰

Do you remember when your vecina would go out to the Swap Meet every Saturday morning to sell the hottest summer trends and eventually got her own outlet, or how a certain Latina celebrity went from a startup to a BILLION-dollar business? 🤑🙌🏽

Well, we have a few tips that can help you lose the fear of making your changarrito into a full-blown Empire. 😉

Don’t miss out on the opportunity to be the BOSS! Register Now to our Dinero Session on August 5th with money expert Brittney Castro. ✍🏽

Learn what it takes to get your chambita going strong + get a chance to win business tools from @quickbooks! 💰

Roth IRA? 401k? Brokerage account? Who?? 🤯 Alr

Roth IRA? 401k? Brokerage account? Who?? 🤯

Alright, we know that these might sound complicated BUT they’re so important to know (like the lyrics to your favorite reggaeton album 🎶). They’re here to become your best friends and help your finances. 😇 Once you do some research and read up on them, you’ll be vibing to the music of financial freedom! 🎧It’s like that @jbalvin album your amig@s kept telling you to listen to and once you did, you asked yourself why you waited so long to listen to it. 😂

Learning about a Roth IRA, 401k, and brokerage account is going to help you propel yourself and finances forward. Once you learn about them, you’ll see that they make a fire collab like @jbalvin, @badbunnypr, & @daddyyankee at your tia’s wedding. 🔥 Okay, so how do I learn about this you ask? 🤔

You already know what to do 😉. Click that link 🔗in our bio to learn about these amigos and why these are friends your parents would want you to have. 💯

Want more financial tips with a side of humor and reminders sent right to your phone? Text us “HOLA” at 323-629-8732 📲😉

#money #wealth #dinero #rothira #401k #brokerageaccount #invest #wealthmindset #suma #financialfreedom #latinos #latinx #latinosbelike #jbalvin #daddyyankee #anuel #ozuna #latino #moneymindset #lol #investingtips #savings #debtfree #financialliteracy

Some say jefas are born but in realidad, most jefa

Some say jefas are born but in realidad, most jefas are self-made. 💎 Like your resident musical icons, jefas don’t let where they start dictate where they end.👸 @JLo is proud of starting as a Fly Girl💃🏽, knowing every job can teach you something! And don’t get us started about @Beyonce and @Shakira.

If you’re looking to 🎵Run the World🎵, @forbes suggest
✍️making a plan
🎓getting an education
💪working hard (which includes taking on tasks above and beyond your job description)
💼becoming a resource by doing outside studying in your field and following industry leaders on social media and
🤝networking.

Sounds like a lot but just remember, JLo as well as Beyonce and sometimes even Shakira juggles 🎥movie making, 🎤live performing, 👗being a spokesperson, and 💫looking fabulous without breaking a sweat.

But it’s not just career growth to focus on! Learning how to save and accumulate wealth, can get you from Jenny on the Block to a world icon. 🌟Or at least to financial security like our self-made queens Bey and Shaki.

Click the 🔗in our bio or 📲text us at 323-629-8732 for more financial tips on getting started on your wealth journey!

#money #wealth #shakira #beyonce #jlo #dinero #moneymindset #financialliteracy #debtfree #superbowl #latinasbelike #latinosbelike #interns #queens #beyhive #moneyhacks #rich #moneytips #inspiration #latinos #latinx #moneymoves #suma #shaki #selfmade

Did you know you can sell your skills online? Five

Did you know you can sell your skills online? Fiverr, an online marketplace for freelance services, can get Latin@s an extra income. It’s kind of like an online mercado🛍️, but instead of clothes and the taco stands, you can set up shop to sell your craft🤓Maybe even make 6 figures! #truestory

On Fiverr, you can earn income by selling your skills✍🏽: translation, writing, graphic design, and more. We have all helped our parents translate documents, some of us are pretty good writers, and a few have that Photoshop game💻!

If you have skills that you can share with others, try making money online! And no worries, you won’t embarrass your familia with an OnlyFlans🍮 account or with your stream of your chihuahua in a bathtub🐶🛁. Click the link in bio for more and start making that dinero!

#latinosbelike #money #Moneytips #freelancing #financialfreedom #financialliteracy #debtfree #dinero #fiverr #investing #investment #moneymindset #wealth #suma #hustle #success #exito #wealth #lyfestyle #motivacion #motivational #latinx #onlyflans

Attention to current and aspiring #Latinopreneurs!

Attention to current and aspiring #Latinopreneurs!🗽 Dinero expert Brittney Castro and SUMA CEO Beatriz Acevedo will share the chisme 🤑 on how to make that side-hustle your main bustle! 📈

If you have been workin on that million dollar idea we think it's time for you to take it to the next level. Don’t miss out on our FREE session if you want to be the next rich prim@! 💍

Register by clicking the link in our bio PLUS remember that by attending you are entered for a chance to win a one year subscription to QuickBooks Essentials courtesy of @quickbooks!💯🔗

Want more financial tips and reminders sent right to your phone? Text us HOLA at 323-629-8732 📲😉

#money #dinero #wealth #latinosbelike #free #dinerosession #entrepreneur #smallbusinessowner #POCowned #womenowned #smallbusinesstips #hustler #sidehustle #moneytips #Moneyhacks #financialliteracy #debtfree #register

We are walking with tumbao’ today!💃🏽🕺🏽 Brazilian 13 year-old Rayssa Leal won the silver medal at the Tokyo Olympics’ first women’s street skateboarding event. 🙌🏽🥈 This makes her THE youngest Brazilian person to win an olympic medal. Pero don't get it twisted: Rayssa has been going at it for years now! 👀 At the age of 7, Rayssa went viral for her amazing princess costume and skateboarding skills. Look at her now, an Olympic winner! 🥲🥳

This can happen to us too or at least to our money. 🤑 How? We can use the power of compounding interest. 😲 Kneepads are optional but earning interest will make you feel like an Olympic winner. 😎 Regardless of your athletics skills, it sounds like you are about to make mucho dinero if you take advantage of this tip: Getting a high-yield savings account or a Roth IRA. 💰💰

Imagine what could happen to your money if you let compounding interest work its magic for 20+ years! 🤩 You would become a world wide champion of dinero gains! So just like Rayssa practiced for years, you can invest long-term too. It’s never too late (or early) to pursue your dream! 💪🏽📈

Want to learn other ways to grow and manage your dinero? Click the link in our bio!🔗

#olympics #tokyo #olympics2020 #brazil #latinos #latinosbelike #dineromoves #money #wealth #dinerotips #financialfreedom #olympicwinner #rayssaleal #skateboarding #latinas #latinasbelike #moneyhacks #savings #retirement #investing #401k #debtfree #financialabundance #dinero #suma #money #skatergirls #growinguplatino

🏠 “When we were your age, we owned a house!” 🏠

Sí, pero when they were in their 20s, a lotta things were different. Now, buying 🎟 tickets to see Bad Bunny is like a huge financial decision. And while Bad Bunny knows “pa’ ti soy caro”, your parents don’t get it. 🙇‍♀️

Your 🎶musical🎶 tastes aren’t to blame! For one thing, @cnbc reported that households with student loan debt doubled from 1998 to 2016. 📈 Just a 1% increase in student debt, decreases the likelihood of owning a home. So, unlike Bad Bunny, no “Estamos Bien.”😩
Plus, millennials are living in cities🏙 longer and renting. Since cities are also less affordable in general, becoming a homeowner has become a lot more tougher.

One other thing @investopedia mentions is that, as Bad Bunny sings, “estar soltera está de moda.”🧍‍♀️ In 1967, 80% of people lived with either a spouse or partner as compared to less than 60% in 2018. The longer you live with parents or alone, the more homeownership is delayed. AY! 🏠

Pero nothing is impossible! ✨ You can afford una casa AND those Benito tix (as long as they don’t sell out!) with a lil financial savvyness. 💸

Head over to the link our bio to learn more 🔗💰

#badbunny #dinero #benito #YHLQMDLG #conejomalo #lol #meme #latinosbelike #boomer #wealth #dineromindset #MONEYmindset #financialliteracy #debtfree #homeowner #latinasbelike #millionaire #rich #savingtips #moneyhacks #moneytips

Is this feeling a bit too familiar? We said yes to

Is this feeling a bit too familiar? We said yes to higher education 👩🏽‍🎓👨🏽‍🎓 NOT higher education! 💸📈😫

Did you celebrate the news that the UC system admitted its most diverse class this 2021? Us too! And according to the UC system, the largest portion of applications this 2021 came from Latino@s!🥳 Look at us breaking those stereotypes and getting our education! Our ancestors are proud of you mij@ 🥲🙌🏽

Sadly, these news were short-lived because according to the Modesto Bee, tuition will grow by $534 for incoming students in the 2022-2023 school year, a 4.2% increase from current undergraduate tuition and fees. 😫

Ay! Pero don’t fret, there are ways to make sure our gente has access to higher education. 💪🏽 Whether it's scholarships, a 529 Plan, Student Loans, or Savings, there are options to consider.

Head over to the link in our bio to learn about investing, what a 529 plan is + so much more! Here’s to always making sure that our financial decisions are always helping us be one step closer to building wealth! 💰

#529plan #college #highereducation #moneymoves #wealth #dinero #suma #financialliteracy #creditscore #studentloans #loans #debtfree #financialfreedom #latinosbelike #moneymoves #moneyhacks #savings

Blow the trumpets🎺, throw the confetti🎊, and

Blow the trumpets🎺, throw the confetti🎊, and put on your country’s shirt because the Olympics are here! If you ever wanted to attend the Olympics, we have one that you could compete in from wherever you are. No uniform or training needed😎. We at SUMA call it: The FICOlympics!💪🏽💰

In the FICOlympics, you win by keeping a good credit score. Which medal would you win🥇? If past Latin@ Olympic champions Like Ortiz Idalys of Cuba, Oscar De La Hoya, and Mónica Puig, were FICOlympic champions, they would be super good at building credit, paying on time, and not overcharging their cards💸!

Let us know if you would be a Gold FICOlympian🙋🏽‍♂️ or if you are still training in the money track field🏃🏽‍♀️. All levels welcome! And also if you are a retired dinerothelete, let us know how you got there👇🏽

#olympics #latinosbelike #money #Moneytips #dinero #financialfreedom #financialliteracy #debtfree #tokyo2021 #fico #ficoscore #growinguplatino #saving #investment #moneymindset #wealth #suma #budget #creditscore #success #exito #lyfestyle #motivacion #motivational #latinx #olimpiadas #gold #silver #medal

Make 100k a year selling shoes! 👟🤑 Yes, you

Make 100k a year selling shoes! 👟🤑 Yes, you read that correctly. You could replace your server job, retail job, or hospital position AND make more money by selling something as simple as shoes. Imagine how much that money would completely alter your finances!

Now we’re not talking selling about your papi’s leather cowboy boots 🥾 or your madre’s uncomfortable tacónes. 👠

We’re talking about selling sneakers! The sneaker industry is a fantastic side hustle to get into where you could make mucho dinero in a little amount of time! 👏💰One easy way to get your foot in the door is to check out @stockx. This is a popular website & app where you can buy and sell sneakers just like stocks. 📈👟

Like most things, it’s going to take some education before you can start making that serious money but if you keep at it, soon you’ll be like Bad Bunny saying “I didn’t have the amount of money I have now.” 😎

To find out how you can make money selling sneakers click the link in our bio. 🔗

Think you could sell sneakers?👇

Want more financial tips with a side of humor and reminders sent right to your phone? Text us “HOLA” at 323-629-8732 📲😉

#money #wealth #dinero #sneakers #shoes #sidehustle #hustle #wealthmindset #suma #badbunny #financialfreedom #latinos #latinx #latinosbelike #moneyhacks #rich #sneakernews #sneakershouts #sneakerhead

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