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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Be The Ruler Of Your Finances

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Check Your Conchas and Your Credit Score

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When Latin@s Prosper, America Prospers

Latinas Chismeando On National Savings Day

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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

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

Today is #NationalSavingsDay and the treat we have

Today is #NationalSavingsDay and the treat we have for you is all about what Latinas are chismeando about when it comes to their dinero! 👀💰

And regardless of what you’ve heard, talking money with your friends and family is not “rude,” in fact, speaking with those closest to you about money matters makes you more confident and knowledgeable!

Here’s what we’ve heard is trending,
1. Recalentado is actually delicious and saves you money.
2. Your mamá’s grocery store can save you BIG time.
3. Believe it or not you CAN invest with a little bit of money and then go get some tacos.
4. Saving a portion of your income makes you a jefa!
5. Curving your spending and handling your finances well will put you in a better place in the future.

These are just some of the ones we’ve heard. But there are so many other ways to save and grow your money.

Share with us what financial chisme you and your amig@s talk about… we all want to know! 👂🏽👇🏽

#wealth #money #dinero #financialliyeracy #latinas #latinasbelike #saving #savingtips #debtfree #latinosbelike #moneymindset

Happy Indigenous People’s Day! 🎉♥️ There

Happy Indigenous People’s Day! 🎉♥️

There are many ways to celebrate our past and how far we have come thanks to our ancestors. 🙏🏽 Our gente have persevered throughout time and continue to do so even today. Which is why today we want to honor all those who have worked towards creating a prosperous future. 🎉 We want to take it a step further by empowering our familias right now as well as the generation that are yet to come. 🙌🏽💰

Just like the many celebrations we continue to do today to remember where we came from, there are many ways to build wealth. 👀😉 Here are four ways which you can implement today to start a path of building multi-generational wealth.

1. Talk about finances with your familia. Conversations about dinero matter!
2. Think Long term when investing. The longer you hold something the greater the reward! We love compounding interests.
3. Create Multiple Streams of Income. Live a comfortable life and make your money work harder for you.
4. Pass On Good Financial Habits To Your Children. Generational wealth is a job that includes all of the familia. It’s never too early to get your kids started and excited about learning how to manage dinero.

We are the dreams of our ancestors, and we hope that through education and perseverance we can make them even more proud. ♥️🥲

What are some traditions or other ways you plan to pass on to your children? 👇🏽

#financialliteracy #indigenouspeoplesday #latinosbelike #latinos #money #wealth #dinero #wealthtips #dineromoves #moneymoves #suma #debtfree #generationalwealth #financialfreedom #moneymindset #rich

We know you’ve seen this look… 👀👀 the on

We know you’ve seen this look… 👀👀 the one where your mom scans your room trying to find any excuse not to let you go out with your friends. 😫 But we also know your strategy. You left your room spotless before asking her so she has nothing on you! 🧹😎 Well… except for that time you didn’t wash the dishes, or last Sunday when you didn’t wake up at 6AM to help her clean the house. 😓

There’s no winning in that game, but we can learn something from the notorious death stare, and no it’s not the same takeaway as the one from #squidgames. 😖 Instead, let’s look at financial habits that need to be eliminated! 🙌🏽😉

We’re talking about those habits that keep you in debt and prevent you from building wealth! No more spending money that you don’t have or pushing off saving for retirement for later. The time is now to get on a good financial standing so you can enjoy your life every step of the way. 📈😀

Join our team and let's win the game of financial freedom by eliminating self-inflicting habits that do us no good. 🤝 What other habits are you looking to get rid of? ❌👇🏽

#netflix #squid #redlightgreenlight #money #wealth #dinero #financialliteracy #debtfree #lol #meme #latinomomsbelike #latinosbelike #levelup #savings #financialfreedom #moneymindset #latinos #moneytips #creditrepair #credit #invest #wealthbuilding

Who’s hungry? 😋 Go make yourself a torta and

Who’s hungry? 😋

Go make yourself a torta and come back! 🥪 We’re going to be talking about saving today. What do tortas and savings have in common you ask? Well, we want you to imagine your income as a torta. 💵 🥪

You don’t get to keep all of your torta. A piece of it has to be given to the IRS. With what’s left of your torta, you use it for bills, spending, and savings. 💰 Once your bills are paid, now comes to the decision of wanting to use the rest of your torta for spending or putting it in the bank. 🏦 We recommend saving 20% of your torta, and using the rest for spending how you’d like. This will set you up for financial success both now and in the future. ¡Qué delicioso! 🤩

Check out the 🔗 in our bio to learn more about saving 20% of your income!

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 #savings #savemoney #save #lifestyle #savingsaccount #torta #food #hungry

Every meal takes the right ingredients to make it

Every meal takes the right ingredients to make it delicious. 😋 Just like every entrepreneur has to have the right personality trait ingredients to succeed.🙌 And if anyone knows about having the BEST ingredients, it’s La Morena.🥫

La Morena not only inspires your taste buds🌶; she can inspire you to become a jef@ yourself! @legalzoom reports that Latina-owned small businesses are the fastest growing segment of the US business community.📈

Make sure your entrepreneurial pantry🥫 is stocked with these @forbes traits so you can build an empire as big💰 as La Morena’s:

💪 Strong work ethic
♥️ Passion for your work
🌟 Creativity
💃🏽 Being a self-starter
💆‍♀️ Being amenable
🧑‍🎓 Knowing there’s more to learn

Click the link in our bio to open up a can🥫 of entrepreneurial tips that… aren’t pickled.🤪

#entrepreneur #lamorena #entrepreneurtraits #bossvibes #selfstarter #strongworkethic #businessowners #latinosbelike #latinasbelike #wealth #dinero #financialfreedom #financialliteracy #debtfree

Do you remember playing 1,2,3 momia with your frie

Do you remember playing 1,2,3 momia with your friends when you were young? 🧟‍♀️🧟🧟‍♂️

Although the momia we remember did not have such high stakes as “Red Light, Green Light” from #SquidGames 👀😖, it’s always a good idea to have friends on your side that will save you from precarious situations!

One of our favorite financial friends is Emergency Fund! It’s always one step behind you and ready to save you if things go south, but only if you’ve nurtured your relationship and do constant deposits to keep it healthy.

In order for an emergency fund to be reliable in case of misfortune, it should have enough to cover three to six months worth of living expenses! Just like 1,2,3 momia!

Once you have enough, you are free to upgrade financially and use that extra money to invest. But that’s a conversation for later 😉

What other games did you play as a child? 👇🏽

#suma #wealth #financialliteracy #dinero #money #moneymoves #levelup #debtfree #meme #latinosbelike #netflix #investing #finance #emergencyfund

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