adadividends @adadividends: "🅳🅸🅳 🆈🅾🆄 🅺🅽🅾🆆?..."

Romania

🅳🅸🅳 🆈🅾🆄 🅺🅽🅾🆆? 𝗧𝗵𝗲 𝟱𝟬/𝟯𝟬/𝟮𝟬 𝗕𝘂𝗱𝗴𝗲𝘁 𝗥𝘂𝗹𝗲 U.S. Sen. Elizabeth Warren popularized the 50/20/30 budget rule in her book, 𝘈𝘭𝘭 𝘠𝘰𝘶𝘳 𝘞𝘰𝘳𝘵𝘩: 𝘛𝘩𝘦 𝘜𝘭𝘵𝘪𝘮𝘢𝘵𝘦 𝘓𝘪𝘧𝘦𝘵𝘪𝘮𝘦 𝘔𝘰𝘯𝘦𝘺 𝘗𝘭𝘢𝘯. 𝐓𝐡𝐞 𝐫𝐮𝐥𝐞 𝐢𝐬 𝐭𝐨 𝐬𝐩𝐥𝐢𝐭 𝐲𝐨𝐮𝐫 𝐚𝐟𝐭𝐞𝐫-𝐭𝐚𝐱 𝐢𝐧𝐜𝐨𝐦𝐞 𝐢𝐧𝐭𝐨 𝐭𝐡𝐫𝐞𝐞 𝐜𝐚𝐭𝐞𝐠𝐨𝐫𝐢𝐞𝐬 𝐨𝐟 𝐬𝐩𝐞𝐧𝐝𝐢𝐧𝐠: 𝟓𝟎% 𝐨𝐧 𝐧𝐞𝐞𝐝𝐬, 𝟑𝟎% 𝐨𝐧 𝐰𝐚𝐧𝐭𝐬, 𝐚𝐧𝐝 𝟐𝟎% 𝐨𝐧 𝐬𝐚𝐯𝐢𝐧𝐠𝐬. 🔹 𝟓𝟎%: 𝐍𝐞𝐞𝐝𝐬 Needs are the bills that you absolutely must pay and the things necessary for survival. Half of your after-tax income should be all that you need to cover those needs and obligations. If you are spending more than that on your needs, you will have to either cut down on wants or try to downsize your lifestyle, perhaps to a smaller home or more modest car. Maybe carpooling or taking public transportation to work is a solution, or cooking at home more often. Examples of "needs" include but aren't limited to: 📝Rent or mortgage payments 📝Car payments 📝Groceries 📝Insurance and health care 📝Minimum debt payments 📝Utilities 🔹 𝟑𝟎%: 𝐖𝐚𝐧𝐭𝐬 Wants are all the things you spend money on that are not absolutely essential. Anything in the "wants" bucket is optional if you boil it down. For example, you can work out at home instead of going to the gym, cook instead of eating out, or watch sports on TV instead of getting tickets to the game. This category also includes those upgrade decisions you make, such as choosing a costlier steak instead of a less expensive hamburger, buying a Mercedes instead of a more economical Honda, or choosing between watching television using an antenna for free or spending money to watch cable TV. Basically, wants are all those little extras you spend money on that make life more enjoyable and entertaining. In general, examples of "wants" include but aren't limited to: 📝New unnecessary clothes or accessories like handbags or jewelry 📝Tickets to sporting events 📝Vacations or other non-essential travel 📝The latest electronic gadget (especially an upgrade over a fully functioning prior model) 📝Ultra-high-speed Internet beyond your streaming needs 🔹 𝟐𝟎%: 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 Finally, try to allocate 20% of your net income to savings and investments. You should have at least three months of emergency savings on hand in case you lose your job or an unforeseen event occurs. After that, focus on retirement and meeting more distant financial goals. Examples of savings could include: 📝Creating an emergency fund 📝Making IRA contributions to a mutual fund account 📝Investing in the stock market 📝Setting aside funds to buy physical property for long-term holding 📝Making debt repayments beyond minimum payments I've been using this rule for the last 3 years and I'm really happy that I've managed to put in order all my money "issues". What do you think about this rule? $BTC $UBER (Uber Technologies Inc.) $BAC (Bank of America Corp) $JPM (JPMorgan Chase & Co) $C (Citigroup) $DFS (Discover Financial Services) $TFC (Truist Financial Corp)

7 Mentioned Show all

BTC

Bitcoin

UBER

Uber Technologies Inc.

BAC

Bank of America Corp

JPM

JPMorgan Chase & Co

Citigroup

DFS

Discover Financial Services

TFC

Truist Financial Corp