The Ultimate Lifetime Money Plan

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.

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One Response to "The Ultimate Lifetime Money Plan"

  1. […] focus on making a serious dent even if you cannot eliminate your debt completely. Perhaps, a good financial plan will give you the much-needed wiggle room to sort out other issues, which may be financially […]

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