article thumbnail

Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

Markets and economic conditions change as well. Economic conditions might lead to greater inflation than expected. If you are buying a home, start with the 30% rule, and then evaluate where that puts you in terms of finances. And what happens when you add in property taxes, utility, home insurance, and maintenance?

article thumbnail

How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

Like many across the globe, my family’s finances are a bit unstable due to the Coronvius Pandemic. A layoff or a drop of business happened in the past, but a global economic shut down from a deadly virus? I feel like going forward life will be known as Pre-Coronavirus and Post-Coronavirus , kind of like what happened after 9/11.

Budgeting 246
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Best And Worst States To Retire In 2023, Ranked

Savings Corner

according to the Council for Community and Economic Research , which is an advantage for retirees on a fixed income. Iowa lands near the middle of the pack tax-wise. 23 for property taxes and No. 22 for state and local sales tax. Iowa’s affordability is a big draw for retirees. 3 spot for affordability.

Iowa 52
article thumbnail

Buying A House In 2023: A Step-By-Step Guide

Savings Corner

Whatever the economic state of the real estate market, buying a house can be an exciting and emotional process. Check your credit score Your credit score will help you determine your financing options; lenders use it (among other factors) to set the terms and rates of your loan. It’s not unusual for sellers to make a counteroffer.