Check C1 to assign a bill to check 1. Unchecked = check 2. F = fixed, V = variable.
William's bills
Rachel's bills
Shared household bills
Summary
William total
$0
Rachel total
$0
Shared total
$0
Household total
$0
Gas is a real obligation not discretionary spending. Check 1 survival money is not safe to spend freely.
William — check 1
Check amount
—
Gas
—
Left until check 2
Survival money — not safe to spend
—
William — check 2
Check amount
—
Real breathing room
—
Rachel — her lane
Monthly income
—
Her breathing room
—
Emergency fund
Emergency fund
Goal: 3 months expenses
0%
$0 savedGoal: $9,000
Savings buckets
Debt payoff — snowball
1
Family loan ~$7,000
Honor the relationship first. $200/mo minimum.
2
William credit cards
Redirect family loan payment once paid off
3
Rachel credit cards
Already in better shape — maintain
4
Personal loan
Final target — redirect everything
Fractional investing — start with $20. John Hope Bryant is right. Starting small is what matters.
Monthly investment amount
Amount$20
Return %8%
Growth over time
5 years
—
10 years
—
20 years
—
30 years
—
Where to start
Fidelity
Fractional shares from $1 — most trusted
Free
Robinhood
Simple interface, fractional shares
Free
Acorns
Rounds up purchases and invests the change
$3/mo
2-year home ownership roadmap
1
Complete the move
End two-state costs
2
Build emergency fund to $9,000
Lenders want 3 months reserves
3
Credit scores to 680+
Both members for best mortgage rate
4
Save down payment 3-5%
FHA on $250k needs ~$8,750
I am your HomeCFO. I know your complete financial picture and I will give you honest, direct guidance. I will tell you what you need to hear, not just what you want to hear. That is the only way I can actually help you build the financial life you are working toward. What do you want to know?