Category: Budget
30% Rule
The 30% rule is keeping housing below 30% of your after-tax income. Understanding what you can afford and giving yourself a budget when looking for somewhere to live is a good place to start. Follow that up with finding places below your top end and find what the best option for you is. Depending on…
50%-30%-20% Rule
The 50%-30%-20% rule is a tool to help one budget their overall financial life by using the after-tax income. 50% should go to needs this include rent or mortgage, groceries, and utilities. 30% should go to your wants, going out to dinner or events, new clothes, Television, ect.. The last 20% should be saved putting…
How to Create a Budget
Creating a budget can be a big task but breaking it down into categories will allow you to take steps to achieve your goals. Write down everything you pay for, categorize those into something that makes sense to you. Categories for your budget could be income, bills, entertainment, and saving goals. Organize the information to…
