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

We know Halloween is over, but this costume ain’

We know Halloween is over, but this costume ain’t just for 10/31!😭🤣

Daily expenses on our kids, pets, and other family members is an everyday thing that can’t be avoided. 😫 But you can do something about the way you use your credit card so you don’t end up looking defeated like our amigo over here. 👀💰

When it comes to los chamacos, instead of simply giving them the toy that they’ve been wanting, you can encourage them to save up until they have enough to buy it. 🙌🏽 💵 This will not only curve your spending, but it will also make them appreciate their toy even more. 😌Just like how back in the day you loved that rag doll your mamá helped you save for! ♥️

Now when it comes to your partner or other family members, it’s time to have THE talk! 👀 Ay, no not THAT one!! 😅 We’re talking about budgeting and saving for long-term goals. 🤑 Talking about money can be uncomfortable, but remember that at the end of the day everyone wants to be financially stable and when everyone is on the same page, everyone wins! 🙌🏽☺️

Is this you every beginning of the month? If so, head over to our website and check out the tools we have to help you manage your debt. Si se puede! 🙌🏽🤩

#money #wealth #dinero #dinerotips #lol #trending #latinosbelike #latinasbelike #moneymindset #meme #financialliteracy #financialinclusion #financialfreedom #debtfree #shopping #creditrepair

Pssh! 👀 We have some really good financial Chis

Pssh! 👀 We have some really good financial Chisme! 😉 And we are sharing it in our FREE DINERO BOOTCAMP. Don’t Miss out! Apply now! 🙌🏽🤑 
🔗 LINK-IN-BIO 🔗

#DineroBootcamp #SUMAacademy#dinero #wealth #financialliteracy #money #financialfreedom #levelup #savings #investing #free #latinoopportunities #financialinclusion #latinosbelike

Photos of Loved Ones ✅ Pan De Muerto✅ Marigold

Photos of Loved Ones ✅
Pan De Muerto✅
Marigolds✅
Favorite Ways To Pay Off Debt✅

Wait, what?! 👀 That’s right, today is Día De Los Muertos and we are making a checklist of all the things needed for our ofrenda! This ofrenda, however, is for the debt that we finally buried! Woohoo! 🪦🤑

There are many ways to manage your debt like making a budget and reducing your spending, but one thing to always keep in mind is to pay it off as fast as possible. 🙌🏽That means first burying the debt with the highest interest rate and going on from there. 😉

While it might take some time to get that number to zero, don’t beat yourself up for bad past financial decisions. Instead, let’s look at those decisions as opportunities to learn better dinero habits!🤗💰

So Feliz Día De Los Muertos Familia! ♥️💀 Today we are taking a moment to honor those who have passed and everything they taught us. Whether it was about money or every day life, we honor the life of our ancestors and promise to continue working for a better future for all of us. 💵🎉

¡Salud! 🥂🥳

#diadelosmuertos #dinero #wealth #latinosbelike #ofrenda #mexico #dayofthedead #dinerotips #latinos #coco #levelup #financialliteracy #debtfree #invest #savings #budget #financialfreedom #creditfix

AY DIOS! This is our biggest fear…a dropped plat

AY DIOS! This is our biggest fear…a dropped plate of tacos de carne asada and not having an emergency fund! Both are frightening, like La Llorona but worse. 😱

Did you know that most people don’t have money saved up for an emergency fund? 😔 If there’s a financial emergency like a car repair, most people don’t even have $500 saved up to help pay for it. 🚗

It’s crucial to start saving money in an emergency fund right now. 💯 As you start to grow that fund, you’ll be able to breathe easier and know that no matter what life throws at you, you’ll be ready financially. If you have a medical bill or you lose your job, you don’t need to fear because you have a financial net to fall back on. 😇

As you start to save more money in your emergency fund, you want to keep the goal to eventually have 3 to 6 months worth of money in there. 💰 This may seem impossible now, but this is a goal that pasito a pasito can and will be accomplished. Everything in its time, mijit@s. ⏰

Until you reach that goal, keep putting that change money into your emergency fund and hold your plate of tacos bien fuerte and with BOTH hands. 🤲😉 Happy Halloween familia!!

To learn more money tips check out our website in our bio! 🔗

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 #wealthmindset #suma #financialfreedom #finances #latinos #latinx #latinoxbelike #latinosbelike #emergency #emergencyfund #save #savemoney #financialliteracy #debtfree #funds #rich #levelup #saving #lol #Meme #tacos #tacotuesday #latinohorrorstory

¡¡Mordida, Mordida!! 🎂 Today we turn 1 famil

¡¡Mordida, Mordida!! 🎂

Today we turn 1 familia! 🏆 We are incredibly proud and honored of what we have accomplished in such a short amount of time!🥳🎉🎊

In just one year, we have grown our SUMA familia to 360K! That means that we are also growing our collective wealth one slice at a time 🙌🏽 🍰 Wooohoo!! 💰

During this time, we have launched the SUMA Academy, a FREE financial checkup, and are continuing to work towards creating better financial tools and events for our beloved gente ♥️🤑

Thank you to all of you who are here with us! Our investors, partners and of course, our committed advisors and amazing SUMA team!! 🤩🙌🏽

Happy Birthday to us! Now time for the pastel!😋🥳🍰 Let us know how SUMA has helped you and share the love of financial literacy with others who would benefit from it (A.K.A Everyone)! The more the merrier 💃🏽🕺🏽

#suma #wealth #latinosbelike #mordida #dinero #money #financialliteracy #moneymoves #levelup #financialfreedom #potd

Starting off the week on the right foot means that

Starting off the week on the right foot means that you not only rely on the power of prayer and your mamá's caldo de res to get through a difficult time, but on knowing that you have an emergency fund if tragedy were to come knocking on your door. 👀🥣

We are by no means trying to bring bad juju into your life, instead we are trying to inspire you to get started on building up that financial colchon. No, not the one where you keep money under the colchon! 🤑 But in a high-yield savings account! 😉

We know Latin@s have the best home remedies to get you through anything, but when it comes to finances, putting money aside is always a good idea. 💰

First, time to use that sage and do a financial limpia! 💆🏽‍♀️💆🏽‍♂️ Then pay off as much of your debt as you can, start a budget, and keep an eye on where you money goes. Once you have a grasp on your finances, you can start putting away 10% for savings and the other 10% for your emergency fund. Any amount works. The goal is to be able to cover 4-6 months of your monthly expenses. ✍🏽💵

So start caldo season with a new financial goal and lookout for your future self. 😉🙌🏽 For more info head over to the link in our bio!

#dinero #wealth #suma #finance #financialfreedom #financialliteracy #latinosbelike #caldo #latinomomsbelike #lol #meme #debt #debtfree #emergencyfund #credit #investing #savings #moneyhacks #levelup #moneymindset

Today is #LatinaEqualPay Day and we are fired up 🔥 along with our amig@s at @mujerexsrising because we want all Latinas to be up in their bag!!! 👛💰👀

Not just what’s IN their bag, but their money bag as well! 🤑

Did you know that Latinas are the breadwinners in over 3 million households, and they are the decision makers that account for $1 trillion in buying power in the United States! 😱😤🤯 
Unfortunately, 38% of those households live below the poverty line. Meaning that It’s time to make equal pay a reality for all #Trabajadoras! It’s time for #LatinaEqualPay!🗣💰👊🏽

The first way to enacting change is to educate our gente on what is possible! 🙌🏽 Which is why at SUMA we have resources such as the Dinero Bootcamp and a FREE financial checkup to help you get smarter with your money. 😉🤑 Click the link in our bio and let’s make a change chic@!🔗💵

#LatinaEqualPayday #PayMeLoMismo #Latinas #WageGap #LatinasCantWait #PayMe #Financialliteracy #dinero #levelup #wealth #suma #latinasbelike #paygap

Jabon Zote is as versatile as your emergency fund

Jabon Zote is as versatile as your emergency fund can be but it’s also the size your savings💰 SHOULD be: jabonZOTE! 🧼🙌

And if you didn’t know, emergency fund🚨 is a separate savings that you only touch in case of an unexpected financial emergency. Things like car trouble or a medical injury.🏥 It shouldn’t affect building your overall savings. Think about how you can take a chunk of your jabon zote🧼🙌 to use in the shower or in the laundry or on your dishes… and still have plenty jabon left over.😮 It’s pretty ✨magical jabon✨, eh?

Your first step should be making sure your initial savings💸 is robust through methods like budgeting and investing.✍️ And remember that your emergency fund should be able to cover 3-4 months of your current monthly expenses. Want to know more? We have lots of articles and financial tips to help! Click the link in our bio! 💃🏽

#emergencysavings #jabonzote #zote #budgeting #financialtips #savings #moneymatters #financialliteracy #latinosbelike #dinero #moneymindset #investing #saving #credit #savingtips #moneyhacks #levelup #dinerointeligente #suma

It’s funny because it’s true, 😭😂😂 but

It’s funny because it’s true, 😭😂😂 but we don’t want to see you cry all the way to the bank when you realize there are still some bills left to pay and you only have a few dollars left in your bank account. Ayy! 😫😫 Not even a superhero can save you from that! 😔

So what can you do to avoid looking like an impersonator of the King of Atlantis? You live within your means chic@! 😉👑

We know Latin@s love a good ol’ dupe, but when it comes to your finances don’t settle and ruin your chances of building wealth. 🛑 You might want those expensive shoes, or that sick new car, but if you can’t buy it twice then you can’t afford it! 🗣

To become a king or queen of living within your means you need to first know your expenses💰, then create a budget so you don’t go over it ✍🏽, and finally set financial goals to keep you hungry for more.🤩
 We trust that soon enough you’ll have the dinero you need to get that item on your wishlist, but for right now let’s focus on keeping that debt above the surface. 🌊🙌🏽

#aquaman #meme #lol #latinosbelike #dinero #wealth #financialliteracy #dinerotips #moneytips #financialfreedom #debtfree #jasonmomoa #savings #invest #creditfix #budget #goals #finance #levelup #moneymindset

You might have heard of red flags 🚩🚩🚩 whe

You might have heard of red flags 🚩🚩🚩 when it comes to finding that novi@ that your tía keeps nagging you about, but love and finances are not as different as you might think. 💰👀

Do you ever find yourself listening to people negatively talk about the importance of saving or having a credit score? How about people who promise wonders or next day’s wealth? 🗣🛑

Money can often be a taboo topic in a lot of our households, but it’s time to call out these red flags and teach our family and friends that money is not as scary as el cucuy!🚩👹

In fact, the more you know about money the easier it becomes to point out people with ill intent or limiting values. 💰So keep those ojos pelados and those ears bien abiertos because wealth is a long-term game and we know with knowledge you be able to point out red and green flags in no time! 😉

#money #wealth #dinero #redflag #moneymindset #latinos #latinosbelike #suma #financialliteracy #debtfree #credit #creditscore #levelup #meme #trending

Your dinero matters, but your health should always

Your dinero matters, but your health should always be a priority! 🙏🏽🗣

It’s #BreastCancerAwarenessMonth and this is your reminder to check your conchas amiga@!👀💗

This is also the perfect time to either book your breast cancer screening exam or remind one of your family members to do so. We know how Latino@s love to talk on the phone, so ring them up! ☎️

Just like how often you go in to check your credit score, so should you be about detecting anything abnormal. We know this can be an uncomfortable conversation, but growth never happens in your comfort zone. 😌

Remember that health is wealth and although we are always down to talk about how to increase your credit score, there isn’t a better time than right now to get educated about how to lookout for yourself financially and physically. 😎

If you would like to more information about saving for retirement, investing and so much more head over to our link in bio. 🔗🙌🏽

#money #breastcancer #dinero #moneytips #SUMA #financialliteracy #debtfree #breastcancerawarenessmonth #wealthmindset #wealthbuilder #financialfreedom #financegoals

When Latin@s Prosper, America Prospers!. We’ve s

When Latin@s Prosper, America Prospers!. We’ve said it before and we will say it again. When latin@s prosper so does the U.S. !!! 🗣🗣

Did you catch us on TV?! If you didn’t, tune in to this feature and learn how SUMA is changing the lives of other Latin@s! 🎉🥲🙌🏽♥️

Thank you CBS News for having us and for giving us a platform to speak more about how we can all work together to close the Latin@ wealth gap! 💰

Congratulations once again to our Jefa, Beatriz Acevedo for working tirelessly to make this mission a reality. 💪🏽💥  
And of course, thank you to the entire SUMA team for your hard work and dedication. ♥️

Little by littler, we are changing lives as well as financial world! Let’s do this!🙌🏽😎
 
#fintech #latinosintech #latinaleaders #financialliteracy
#money #latinaleaders #latinosbelike #wealth #dinero #latinasbelike #debtfree #invest #latinoresources #save #moneymindset #levelup #moneymoves #investingtips

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