Simple Budgeting: The 50/30/20 rule-of-thumb budget

Most budgeting systems are time consuming and complex. The beauty of the rule-of-thumb budget is the speed and simplicity of it. All you need to know is your after-tax income. Once you have determined your after-tax income, you simply allocate it as follows: 50% towards your necessities 30% towards your wants 20% towards your financial goals Next is to define the categories: Necessities, Wants, and … Continue reading Simple Budgeting: The 50/30/20 rule-of-thumb budget

Money matters 101 – Setting financial goals and rolling with the punches

I found that if you have a goal, that you might not reach it. But if you don’t have one, then you are never disappointed. And I gotta tell ya . . . it feels phenomenal!” ~ Peter La Fleur Unlike the advice of Peter La Fleur in “Dodgeball,” you need to have financial plans to guide your life. Has your life taken a left … Continue reading Money matters 101 – Setting financial goals and rolling with the punches