The 50-20-30 Budget Rule is intended to help you budget your after-tax income. The premise of the rule is simple – divide your after-tax income into three categories: 50% goes to “needs,” 20% goes to “savings,” and 30% goes to “wants.” This formula can help individuals plan for unforeseen emergencies or retirement, and can also help avoid credit card debt. Once you have determined your after-tax income, you can start to distinguish which […]
Coming to grips with credit card debt is never easy, especially considering the COVID-19 pandemic. Life happens, whether it’s due to a divorce, accident, loss of a dual-household income, or medical concern. As a matter of fact, of those who say their household financial situation has gotten worse since the pandemic began, 45% say they’ve taken on debt because of it. You’re not alone, as countless Americans continue to find ways to address credit card debt […]
Times are tough right now, and many Americans are hoping for a second stimulus check to assist them with their financial difficulties. While an additional cash payout would be […]
