Kim Says

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Payday loans

Oh mighty dollar

October 17th, 2012 · No Comments

The following article portion is from SELF Magazine:

Track your typical expenses for a few months, including rent, manis—everything—to get your average monthly number. (A tool like Quicken makes it simple.)

Now come up with a monthly budget, setting aside 60 percent of your pre- or
after-tax income for basic expenses. Divide the rest using the 10 percent
formula….

Save 10 percent for retirement, whatever your age. (If you make $4,000 a month,
that’s $400.) Think you’re too young to start? Trust us: You’ll be so ahead of
the game.

Save 10 percent for long-term goals, like a new car, a down payment on a house,
a trip to Bali.

Save 10 percent for unexpected expenses such as replacing a cell phone. (Damn!
Dropped it in the toilet!)

Stash a final 10 percent for frivolous pleasures. (We know we don’t have to
define those for you.)

Seems so simple and potentially effective. I may just give this one a try… Who am I kidding? My retirement plan is to move in and drive my kids crazy just like they drove me crazy for the first 18 years.

Fair is fair!

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