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

Prairie Eco-Thrifter

Rules of thumb are often used to make various financial decisions. The rule of thumb that states that it makes sense to spend 30% of your income each month on a housing payment doesn’t take into account the fact that you might have other debts, and that taking on more might over-leverage you. So, What Can You Do?

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How to Start a Budget (and be successful at it!)

Family Balance Sheet

I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. A budget could help you avoid late and insufficient funds fees, find money for an upcoming trip or expense, and ease a disagreement over finances in a marriage. lined paper. calculator.

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How We Paid off Six Figures of Debt

Family Balance Sheet

Financially speaking, he focuses on building the business and I focus on managing our home and finances. When I first approached him about paying off these debts early, he said to me, “it’s not going to happen by clipping coupons. In 2020, we still use and are thankful for Medi-share. We said NO a lot.

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