financial planning

How to Set Financial Goals: Set 5, Achieved 2, Failed at 3 (Lessons Learned)

by
financial goals planning process

The first of January 2024. Another year, another chance, a new me, new aspirations, and the same old problems. I sat down with a lot of energy, something I hadn’t felt in a long time. This year, I made a list of five financial goals I want to reach. I said to myself, “Wow, I’m … Read more

50/30/20 Budget Rule: Does It Actually Work or Is It Just Theory?

by
50 30 20 budget rule breakdown for personal finance planning

The 50/30/20 rule states how you should allocate your after-tax income – 50% for needs, 30% for discretionary spending, and 20% for savings. Of course, this rule is super simple, so financial advisors and amateur Reddit users tout this rule as gospel. I gave this rule a fair shot for 6 months and, while I … Read more