What is your annual clothing budget for 2020 — and how will you keep track? Do you already know how you want to spend that budget in terms of “holes” in your wardrobe?
How much of your salary should you be spending on housing costs? What do you actually spend? We decided to devote a post to this topic after seeing an interesting discussion about readers’ rent/mortgage payments as compared to their incomes. Before getting to specifics about housing: The general 50/20/30 rule for budgeting is still commonly accepted advice. The guideline was made … Read More about What Should Your Monthly Housing Costs Be?
I just saw a great study on this, so I thought we’d discuss — do you leave room in your budget to take advantage of sale prices? Do you do it in a disciplined way (“I have $300 to spend for fun purchases, no more!”) or is it just part of your budgetary cushion? Which … Read More about Tales from the Wallet: Leave Room in Your Budget to Take Advantage of Sale Prices
For today’s money feature, let’s discuss living within your means — how to make a budget and stick to a budget. What does “budget” mean to you? What tips and tricks have you used to set a budget, pay down debt, save money and protect against lifestyle inflation — and what alarm bells have you used to tell … Read More about Tales from the Wallet: How to Make a Budget
Ah, golden handcuffs — long after some people know they should quit their high-paying jobs, they stay on because their lifestyle costs too much (usually due to a combination of rent or mortgage, plus debt). How do you break free from the golden handcuffs, and adjust your finances to your new lifestyle? Today’s guest poster, … Read More about Tales from the Wallet: From A Lawyer’s Salary to Paying Tuition – Six Ways to Deal