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What Does a Realistic Budget Look Like?
The 50/30/20 rule is a budgeting technique that divides your take-home income into three categories by percentages. It’s a simple way to track your spending. Split your budget into Needs which take up 50%, your wants which take up 30%, and lastly your savings or debt for 20%. Here are what goes into each category:…
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How much should I save for college
The average net price for a year of college is: $9,687 for public in-state schools $21,184 for public out-of-state schools $35,087 for private schools $3,730 for tuition and fees at two-year public colleges, also called community colleges $3,500 to $14,500 for trade schools
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How much should I save for retirement?
Try the 25x rule: 1. Multiply your current monthly spending and multiply by 12 to get your yearly spending 2. Multiply your yearly spending by 25 For example, if you now spend about $2,500 a month, you spend about $30,000 a year. Multiplying by 25 gives you $750 thousand. Take that number and…
