Everything that you spend, whether its a want or need, falls into that 70. While its similar to Dave Ramsey budget percentages, it is much more simplified. 20 of your income goes to investments or bank accounts. You might not be able to solve the problem immediately, but you could start taking steps in the right direction, whether it’s learning how to improve your credit score so you can refinance your debt at a lower interest rate or researching options for a less expensive education. 70 of your income goes to living expenses. Benefit 4: Spot problems before they catch you off guard-When you create a budget, you’ll be able to see clearly that only having $30 left at the end of the month to put toward your credit card bill puts you at serious risk of being unable to get out of debt or lack the money you'll need to help put your kid through school. Nobodys going to haul you into a financial jail if youre breaking these rules, but many experts suggest splitting up. ![]() ![]() Whatever motivates you, budgeting can help you get there by helping you set financial goals and prioritize where your money is going.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |