In the book “All Your Worth” by Harvard bankruptcy professor Elizabeth Warren, the recommendation is to arrange and balance your finances with 50/30/20.
50% for the must haves-shelter, food, transportation, utilities, child care, insurance and minimum loan payments.
30% for wants- entertainment, clothing, gifts and vacations.
20% for savings and debt payments.
Not a bad idea to start out 2010.
Related posts:
- Show The World Your Credit Card Purchases In another example of the complete loss of privacy that...
- Happy Holidays May 2010 bring you High Income, Low Debt and Perfect...
- Buying A House? Do It Now! If you are planning on taking advantage of homebuyers tax...
- Get a Mortgage, Be Alert To Credit Card Debt Getting a new mortgage or refinancing the old one is...
- End of the Year Planning 2009 Taxes December is the time when you need to start considering...
