Financial advice/ where to find advisor in SATX area

[Shmatt]

Hey yall, this is more of an unconventional post for me but I just need a helping hand on where to look. Im 19 with a very okay job paying wise but I have to pay my house, water, electricity and other small bills and just need a way to organize better. Thank you and HOOKEM!

[Deadhead_Horn]

I work in the financial world and unless you're making millions with tons of expenses, a financial advisor or family office to manage your finances is kind of a waste of money. I make very good money and just put everything into an excel spreadsheet. Put your income, your expenses in buckets, then figure out your variance. If you have certain financial goals, cross reference those goals with how much your making/spending. 

Just my two cents, though. If you want to pay someone to tell you how much you should be saving, spending, et al, go nuts. Not sure there is necessarily a wrong answers, its more so just what works for you. 

Edited yesterday at 06:18 PM by Deadhead_Horn

[Rich]

https://www.monarchmoney.com/referral/6udo5stdfq?r_source=share
 

I love this App! Really helps organize everything and you set your budgets by category. Links all your accounts so it makes it so easy to digest.

 

💪🏽🤘🏽

[Hashtag]

9 minutes ago, Rich said:

https://www.monarchmoney.com/referral/6udo5stdfq?r_source=share
 

I love this App! Really helps organize everything and you set your budgets by category. Links all your accounts so it makes it so easy to digest.

 

💪🏽🤘🏽

This or Rocket Money(especially if you have subscription services)

[Shmatt]

Thank y'all🙏, I’ll check out both! And thank you for the spreadsheet idea. That advice actually helps me a-lot so much appreciated@Deadhead_Horn

[Born Burnt Orange]

23 hours ago, Shmatt said:

Hey yall, this is more of an unconventional post for me but I just need a helping hand on where to look. Im 19 with a very okay job paying wise but I have to pay my house, water, electricity and other small bills and just need a way to organize better. Thank you and HOOKEM!

Do not get a financial advisor.  Go read “I will teach you to be rich” by Ramit Sethi.  Easy to read but great advice.  

[GoHorns1]

23 hours ago, Shmatt said:

Hey yall, this is more of an unconventional post for me but I just need a helping hand on where to look. Im 19 with a very okay job paying wise but I have to pay my house, water, electricity and other small bills and just need a way to organize better. Thank you and HOOKEM!

Vanguard is great for investments.

Edited 2 hours ago by GoHorns1

[Born Burnt Orange]

Also, if you have a W-2 paying job you need to be putting as much as you can in a Roth IRA but you need to make sure you assign it to a fund.  My wife is a financial genius and I can answer any particular questions you may have.  

[Born Burnt Orange]

@Jeff05  You got some better advice?  I doubt it.  Everything I have said is solid and any financial guru worth a sh!t will tell you the same thing I did as far as starting with a Roth IRA.  

[Shmatt]

1 hour ago, Born Burnt Orange said:

Also, if you have a W-2 paying job you need to be putting as much as you can in a Roth IRA but you need to make sure you assign it to a fund.  My wife is a financial genius and I can answer any particular questions you may have.  

Sorry if this is a dumb question but im also not knowledgeable on this subject at all. What is/what do you mean by fund🙏? A I have an idea but I want to make sure its the right idea.

[Jeff Howe]

On 6/20/2025 at 12:29 PM, Shmatt said:

Hey yall, this is more of an unconventional post for me but I just need a helping hand on where to look. Im 19 with a very okay job paying wise but I have to pay my house, water, electricity and other small bills and just need a way to organize better. Thank you and HOOKEM!

Wife and I started using the EveryDollar app from Dave Ramsey a few months ago. It's actually helped us save more than I thought it would.

[Born Burnt Orange]

4 minutes ago, Shmatt said:

Sorry if this is a dumb question but im also not knowledgeable on this subject at all. What is/what do you mean by fund🙏? A I have an idea but I want to make sure its the right idea.

An IRA is an Individual Retirement Account. The Roth IRA is tax free and you can add $7000 to each year.  When you put the money in the Roth IRA you have to assign it to somewhere like the S&P 500 or else it will just sit in limbo and you won’t make money.   The S&P 500 is a good fund for investors who are just beginning and learning.   

[Thorn007]

put a little bit in vti each month you will be rich when your 50 yo