The 50/30/20 Rule of Thumb for Budgeting
You’ve reviewed your spending and created a budget, and now you know exactly how much you spend on your home, your car, discretionary spending, and how much you divert to your retirement accounts. That’s all good, but what about other savings, such as for an emergency? How does your financial allocation compare to the amount you should ideally spend and save? Harvard bankruptcy expert Elizabeth Warren- U.S. Senator from Massachusetts and named by Time Magazine […]