How can you get control of your spending without having to devote precious time to tracking every expense? Today’s article outlines one spending system that can be employed to accomplish this: bucket budgeting. This is the system the author’s husband uses, and she notes that it “allows him to prefund his expenses, keep his spending in check and avoid having to track every penny….” For more on setting up a bucket budgeting system – including some buckets (and sub-buckets) to consider including – CLICK HERE.
How do you compare to the average American when it comes to your household income (and household debt), charitable giving, 401(k) balance, personal savings rate, and other key financial metrics? Today’s article outlines “10 Financial Statistics of the Average American” – including the aforementioned five – so that you can find out. To see where you are financially average, above average and below average, CLICK HERE.
Budgeting may be the cornerstone of financial success but two-thirds of Americans don’t have a budget (and the one-third that do undoubtedly don’t enjoy managing it). Given this, the author of today’s article outlines an alternative to monthly budget tracking: the First Step Cash Management System, “a cash flow system [that] almost runs itself.” For how this bucket-based system works, how much of your income the author recommends allocating to each bucket, and how you can set up your bank accounts to work with this system, CLICK HERE.
Think that the retirement lifestyles of the rich are completely out of reach? You may be wrong! According to today’s article, many high-net-worth people are living more modest retirements than we may envision: “High-wealth retirees may not necessarily be using their money to buy luxury yachts and gold-plated dishware, but their money does buy them something else: freedom.” What can retirees of lesser means learn from wealthy retirees? What retirement dream do advisors say people are often surprised to find is more affordable than they expected? What retirement budget killer ends up costing significantly more than expected? CLICK HERE to read more.