Tag: debt

Finance

How To Get Out of Debt

Getting out of debt requires a combination of discipline, planning, and persistence. Here are some steps to help you on your journey to becoming debt-free: 1. Assess your debt: Start by gathering all your debt information, including outstanding balances, interest rates, and minimum monthly payments. This will give you a clear picture of your overall […]

Finance

What is the 50 20 30 rule?

The 50/20/30 rule is a popular guideline for budgeting and managing personal finances. It suggests allocating your after-tax income into three main categories: 1. 50% for Needs: This category includes essential expenses that are necessary for daily living, such as housing, utilities, groceries, transportation, and healthcare. It is recommended to allocate approximately 50% of your […]

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