Category: Making Ends Meet

the 50-20-30 budget is stupid

The 50-30-20 Budget is Stupid; Here’s What to Do Instead

The 50-20-30 budget is one of the most popular budgets according to personal finance “experts.” In it, you spend 50% on needs, 20% on savings/debt reduction and 30% on “wants.” This is a terrible plan for almost every income and lifestyle. The 50-30-20 budget is...

benefits of saving even small amounts

The Benefits of Saving Even Small Amounts

The savings rate for middle-class Americans is low. The rate jumped to 7.6% in 2019, but that’s still far below what it needs to be to put Americans on solid footing. Now that we are in unprecedented times and unemployment rates are up, savings will...