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