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.

Latest Articles

Our Jefa was Featured in Forbes 50 Over 50!

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El Grito Of Financial Independence

Happy Independence To Our Central American Familia!

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Support Latino Businesses and Put Your Money Where Your Heart Is

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Create a Sinking Fund and Make Your Budget El Robusto

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Holding On Tight To Long-Term Investments

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INSTAGRAM @WEARESUMA

wearesuma

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

Hey Tú, Yes, you! Our SUMA family is growing a

Hey Tú,

Yes, you! Our SUMA family is growing and right now we looking for Latin@ writers! ✏️😉

If you know someone who is always cracking jokes en la fiesta and has great writing skills, then make sure to tag them or send them this opportunity! 🙌🏽😎

In this position you will help turn financial topics into delicious bite size tamales… AKA understandable information. 😋🫔Basically you’ll be giving back to your comunidad doing what you love. ♥️ And don’t worry you don’t need to be a financial expert, you just need passion to pay it forward!🙏🏽🤑

So make all those chanclazos and early Sunday Morning cleaning sessions worth it. Your màma will be so proud!🥲

Send us your samples + resume to email to: hola@wearesuma.com 📧💰

#latinos #suma #wealth #financialliteracy #money #dinero #dineromoves #levelup #hiring #latinowriters #latinxwriters #latinoopportunities #latinocreatives #latinosbelike #dinero

Familia! Today is Chile’s Independence day and

Familia!

Today is Chile’s Independence day and we are celebrating with a delicious plato of chuchuflís! 🇨🇱🇨🇱 But you know what else makes our mouth water? Investing in ETFs. 🤤🙌🏽

Why? Because while investing comes with natural risk, ETFs track specific investment strategies and can often hold hundreds of stocks across various industries. Making it a bit safer to invest and see a return. 😉🙌🏽 And if you’ve been paying attention, you know that a diversified portfolio is always a good idea! 🤑

Want to know more about investing + other financial topics? Click the link in our bio and start building that wealth chic@! 🔗😉

Now we are going to enjoy these delicious Chuchuflís and satisfy our sweet tooth! YUM! 😋

#Chile #latinos #latinosbelike #dinero #wealth #investing #efts #assets #financialliteracy #finance #financialfreedom #dinerotips #moneymoves #money #levelup #moneymindset

We told you this fiesta wasn't going to stop! 🥳

We told you this fiesta wasn't going to stop! 🥳💃🏽🕺🏽

But this one is a lot closer to home. We would like to congratulate our amazing boss @beatrizacevedogreiff for being featured in Forbes "50 over 50 investment List"!!! *cries in Spanish* 🥲👏🏽 🍾

Her dedication to our community can be seen through everything she does, including SUMA!🙌🏽As many of you know, SUMA was born out of the desire to help our comunidades grow financially because for far too long we've been excluded from the dinero conversation. Not anymore! 💪🏽💰

Bea took it upon herself to work towards a more prosperous future that includes every single one of us and we are so happy to have you be part of our growing family! ❤️😎 So don't let up because we've just started the journey of wealth building and there is SO much work to do! 🙌🏽

Thank you @forbes, we are so honored to be in this list of innovators and also want to congratulate every single one of the women mentioned in list for the work they do! 🏆

And of course, we can't forget about our small but mighty SUMA team and virtual family! Thank you! 🙏🏽🎊🍾

#suma #wealth #dinero #latinasintech #latinas #latinasbelike #money #financialliteracy #debtfree #levelup #forbes #latinaleaders #debtfree #financialfreedom #moneymindset #investing #50over50

¡¡¡AY AY AY!!! ¡/Financial independence qué l

¡¡¡AY AY AY!!! ¡/Financial independence qué lind@ y querid@! 🗣️🇲🇽

We are screaming at the top of our lungs because we love seeing our gente become financially independent and debt free. Infante sure knew how to celebrate it! 🤑🙌🏽😉

Today, we want to wish all of our Mexican familia a happy day of independence, and also take a moment to congratulate every single one of you who decided this year would be about maintaining good financial habits. 🎊🎉🥳 Just look at how far you have come! 🥲

If you’re still working on it, no worries! Becoming financially free requires perseverance and habits like budgeting and such but as Latino@s we know you have it in you.😉 So even if you still have some debt and are working towards paying it off, just think about that day when you will be able to pay it in full like our amigo Infante! WOHOO! 😁💪🏽

Now, how about a little cheers? Here’s to building wealth! ¡Pa’ arriba, pa’ abajo, pal’ centro, pa’ dentro! 🍾🥂

Tell us! How are you celebrating your financial independence? 👇🏽

#money #wealth #mexicanbelike #mexico #tequila #dinero #suma #vivaMexico #elgrito #financialliteracy #debtfree #moneymoves #levelup #financialfreedom #financialindependence #latinosbelike #lol #hispanicheritagemonth

Today we woke up with a huge smile on our face 😁 for many reasons, one of them being the start of #HispanicHeritageMonth!!! 🥳🎉🎊 And what better way to start this Latin@ party than by celebrating the independence of some of our favorite countries. Today, Guatemala, Honduras, El Salvador, Nicaragua, and Costa Rica all are raising their flags with pride! WEPA!!! 🕺🏽💃🏽

And just like the tradition of passing on a torch 🔥 from September 9th to September 15th, we want to continue passing the torch of financial independence to elevate our gente to not only be good with their money, but to all grow their wealth for future generations.😇💰🙌🏽 So this 15, sit down with your loved ones and start that conversation about dinero. Pass on your knowledge and tips so they too can keep passing their torch to others!🤑

And if you didn’t know, this 2021 these countries will celebrate 200 years since the independence of Central America! That 's right! So congrats to all of our Central American familia! If we have learned anything from this time is that when we come together we are that much greater and capable of achieving absolutely anything! 💪🏽📈

How beautiful it is to be Latin@! Tell us below what you love about your country and how you plan to celebrate Hispanic Heritage Month! 👇🏽

#dinero #wealth #suma #financialliteracy #dinero #moneytips #money #debtfree #latinosbelike #latinasbelike #Lol #independence #independencia #invest #financialfreedom #financialindependence #moneymindset #moneygoals

Did you know that today is #SupportLatinoBusinessD

Did you know that today is #SupportLatinoBusinessDay? Just in time to celebrate our amazing gente and everything that they contribute to our communities. 🎉🥳♥️ And now there is no doubt that we are an economic force! 🤑

As estimated by the @latinodonorcollaborative, by 2050 the GDP of U.S. Latinos will be at $2.13 trillion, which would make it equivalent to the 9th largest economy in the world. 🤩Meaning that we are so powerful that in just a few decades we will dominate markets! Woohoo! 😎💰

Pero what does this mean for us? It means that it’s time to not only support your fellow Latinopreneurs 🤝 today and everyday, but also to start that business idea that you’ve been thinking about! 🤔 This is the virgencita sign that you’ve been waiting for chic@. No more overthinking! 🙏🏽😇

Yes, it’s going to be hard, and yes there is a lot you won’t know in the beginning, but we are confident that you can succeed if you dig your heels in and put in the work. In the meantime, we encourage all of our gente to look around and support latin@ owned businesses because when we help each other we all succeed!

Pass on the good deed and tag your favorite Latin@ businesses. 💵❤️

#wealth #dinero #smallbusiness #latinoowned #latina #latinosmallbusiness #latinosbelike #latinos #debtfree #supportsmallbusiness #dinerointeligente #wealthmindset #wealthbuilding #invest #latinogdp

Help El Robusto fill his sinking funds! 💪Cómo?

Help El Robusto fill his sinking funds! 💪Cómo?! Well, primero, know that a sinking fund is money set aside for a planned expense, something you know is going to happen (as opposed to an emergency fund which is for surprise expenses).💰

Now, back to El Robusto!🏋️‍♀️ Any good luchador knows the less that your bar is full, the more chances you have to lose the match!👎 So, how can we fill his bar to get him the luxury vacay✈️ of a luchador’s dreams? Build a more robust budget so he can reach his savings goal!💫 Cómo?!

🏦Dedicate a separate account for your sinking fund
🎯Set a reasonable amount to target
⏱Set a timeline
🧮Calculate how much to set aside each month separate from your regular expenses
✍️Reassess timeline/monthly expenditure as needed
🤔FINISH HIM!😬

That last one may be unnecessary but you get it. By following these steps, El Robusto will build a robust budget, reach his expense goals and wrestling his savings win in no time!🏋️‍♀️ For more on sinking funds, click the link🔗 in bio!

#sinkingfunds #dreamvacation #savingstips #robustbudget #latinosbelike #latino #WEALTH #suma #Money #moneymoves #levelup #monetips #dinero #latinasbelike #financialliteracy #financialfreedom #debtfree #investing #emergencyfund #credit #sinkingfunds #moneymanagement #moneymindset #luchador

Tonight we are holding on tight to our investments

Tonight we are holding on tight to our investments as well as @JBalvin’s new album, JOSE. 🥺🙌🏽🎶

If you’ve been listening to Jose’s album on repeat, you are not alone! 🔥 In fact, you can use those tunes to inspire you to continue investing in your favorite companies! 🤑🤑

And remember that holding on tight to your investments is all about investing for the long-run because as we have previously mentioned, your gains will grow significantly with time. 😉📈

Just like JBalvin’s success, wealth building does not happen overnight. 👀 So ándale, put some dinerito aside (no matter the amount) and get to investing. 💰 We know that Latin@s are ready to take the world by storm and we are right here rooting for you! 🥳

Leggo!🤩😜

#money #wealth #dinero #finance #jbalvin #jose #colombia #latinosbelike #lol #financialliteracy #debtfree #invest #investments #suma #financialfreedom #debtfreecommunity #financialindependence

You know that feeling of confidence that rushes ov

You know that feeling of confidence that rushes over you when you’ve been good with your finances, but suddenly you get a notification to check your credit score and AYYY! IT DROPPED! 😫😭

Even in the most wonderful of fairy tales we can’t escape our credit score. But we can learn why it might have dropped. 👀 📉

While there are multiple reasons as to why your credit score might have taken a hit, two main reasons are 1) not paying your credit card on time 💰 and 2) having a hard inquiry for a loan for a new car and such 🚗

If your knees got a little weak like our friend Cinderella, you’re not the only one. 👑 Better yet, we have tips + resources on our website to help you create a game plan to keep your credit score going up so that one day everyone knows your name like @camila_cabello, oops! We mean Cinderella 😉

So what are you waiting for? Your financial prince awaits! 👸🏽🤴🏽💰

#cinderellathemovie #cinderella #camilacabello #dinero #wealth #money #levelup #financialliteracy #moneytips #moneyhacks #savings #creditscore #creditrepair #lol #meme #latinosbelike #latinasbelike #investing #savingtips #SUMA #disney #princess

Your favorite childhood snack may have left a stai

Your favorite childhood snack may have left a stain on your fingers, but now these two new flavors are about to change your life as an adult. Have you heard of them? Do you know the difference between them? 👀🤤

Well, we are part of the Financially Savvy resistance and are here to make things a little more clear to you. 😎🤑 These scores monitor how you look to someone potentially lending you money. Are you hot and spicy when it comes to paying off your debt? Or cold and not so reliable with your numbers? 😯

While both might look the same, they are not. There’s your FICO Score (FICO8) and your VantageScore (Vantage3.0). For a FICO score, consumers need to have one or more accounts that have been open for at least six months. This score can help you have lower car payments as well as better credit card deals. Your VantageScore is ideal for people who are new to credit and want to request a loan and such. As time progresses the scores will change depending on your credit history. So you have to stay on top of your finances to make sure you’re on the right track. 🙌🏽 💰

So which one will you choose, eh? 👀 The choice is yours. But if you are ready to transcend in the dinero game then we think it’s time you consider going down the rabbit hole and learn what makes up your credit score and how you can increase it. 📈

Don’t live in ignorance of how your credit score can impact your life, instead choose both the red and blue bag and learn how you can leverage both to make your wealth building journey that much easier. Head over to the link in our bio for more. 🔗💰

#matrix #suma #wealth #dinero #money #Moneymoves #wealthmindset #financialliteracy #moneymoves #levelup #latinosbelike #takis #yum #food #latinosnacks #debtfree #credit #creditrepair #financialfreedom #savings #investing #matrixremake

When your abuela takes out her molcajete you’re

When your abuela takes out her molcajete you’re in for a real treat. As she starts to toast the tomatoes 🍅 and poblano peppers on the comal, you just know that the salsa is going to taste fire—literally. 🔥 There’s nothing as delicious or satisfying as eating salsa that’s been made with the molcajete. The molcajete does something that just makes it hit different. 🤤

In the same way the molcajete makes salsa better, using a financial molcajete makes your finances better. 💯💰
WAIT, WHAT? 🤯

That’s right, mijit@s! When you grind all your bills in a financial molcajete, you’ll see how much money you need to save for a monthly emergency fund. 💸 Having a monthly emergency fund is key to having financial freedom and coming ahead. It’s easy and quick to use a financial molcajete and you can do it right now! ⏱👀

To learn more about using a financial molcajete, click the 🔗 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 #molcajete #salsa

Familia! This one is for all of us! Si! We all kno

Familia! This one is for all of us! Si! We all know the entrepreneurial spirit our gente has and we know that when we set our minds and corazones on something we can accomplish anything. 💪🏽😉

No wonder latinos are a driving force in the U.S. economy! Just look at our Christian Serratos, killing it when it comes to side hustles. Who said you can’t do all three successfully?! 😎🙌🏽

Whether you have 3 side hustles or 10, we want to celebrate all your contributions because the work you do matters. De Veras! 🥳🙏🏽

So this Labor Day, it’s all about celebrating you and everyone who works to make a better life for those around them. Bravo! 👏🏽🥳🤑

Tell us below what your profession is and make sure to check out our website for tools and resources to help you and your family take your finances to the next level. 🔗💰

#laborday #money #wealth #SUMA #Dinero #financialliteracy #moneymindset #moneytips #savings #selena #netflix #thewalkingdead #twilight #Lol #latinasbellike #dinero #latinosbelike #financialfreedom #debtfree #sidehustler #hustle

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