"I can't, I'm on a budget." The truth is, budgets are not a restrictive, Ebenezer Scrooge way of living. They are a tool for freedom. A budget should be a personalized reflection of your unique lifestyle and financial goals. It is a tool to help you live a life of freedom and comfort. Budgets are… Continue reading What is a Budget?
What is the 50/20/30 Rule? This is a popular modern financial guideline that dictates how to distribute your after-tax income. 50% fixed costs (bills, transportation, groceries, needs) 20% savings (savings account, retirement) 30% flexible costs (dining out, entertainment, wants) The problem with the 50/20/30 Rule is that it is not designed to get you out… Continue reading The 50/20/30 Rule and Why You Must Do Better