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Debt Crunch and Saving for Retirement – Irresponsible Economists
By debtcrun
Debt Crunch and Saving for Retirement – A Yahoo! headline caught my eye today on the front page “Americans May Be Saving Too Much” so I bit and read Laura Rowely’s article on Yahoo! Finance “Rethinking Retirement Savings (Or Not)” I’ve got to say this article is totally irresponsible journalism (if that’s what such [...]
Debt Reduction – Don’t Make the Minimum Payments…Yet!
By debtcrun
Debt Reduction – When you hear that you should be doing baby step 1 -2 – 3 while making your “minimum” payments on your credit cards, loans – there is a critical point to remember. Pay Attention! When you see them lower your minimum monthly payment – IGNORE IT!
Over at Debt Be Gone – [...]
Home Budget – A Spending Ratio for a More Balanced Life – Personal Finance
By debtcrun
On Money Monk’s December 2006 post – Why I Save Money I learned about a spending ratio that will lead us to a more balanced life financially.
50% Must-Haves
20% Savings
30% Wants
This spending ratio is apparently brought forth in Elizabeth Warren and Amelia Warren Tyagi’s book All Your Worth: The Ultimate Lifetime Money Plan. Now [...]
