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My First Month Using the 50/30/20 Budgeting Rule: Key Takeaways
Earlier last month, I shared a post about the 50/30/20 rule and how I planned to apply it to my own budget. As a quick refresher, the 50/30/20 rule is a budgeting guideline that suggests allocating: February was the first month I fully applied this framework to my finances, and here’s how my actual budget…
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Emergency Fund Essentials: Real-Life Lessons in Financial Preparedness
An emergency fund is your financial safety net—a crucial buffer that shields you and your family from unexpected hardships. We often hear about the classic financial surprises: a flat tire, a sudden medical bill, or a pet’s emergency vet visit. But life can throw much bigger curveballs, and being unprepared can turn a setback into…
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What I Learned from The Total Money Makeover by Dave Ramsey
Introduction I first came across Dave Ramsey’s financial philosophy through YouTuber Graham Stephan. His no-nonsense approach to personal finance immediately caught my attention. After diving into The Total Money Makeover, I realized just how impactful his principles could be. This book fueled my passion for finance and reshaped the way I think about money. Below,…
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The Importance of Financial Literacy
Summary: Financial literacy is crucial for lifelong benefits including preparing for retirement, understanding the consequences of financial decisions, resisting consumerism, and prioritizing spending on things that truly matter. For instance, starting early with retirement savings can prevent future struggles, while thoughtful financial decisions avoid unnecessary debts and purchases. By managing money wisely, individuals can free…
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Finding Balance: Using the 50/30/20 Rule to Stop the Budgeting Struggle
Summary: I have developed unhealthy financial habits due to being too strict with my budgeting goals. The 50/30/20 rule is the budgeting method that I will use to get me out of this mess and conquer my financial goals and I will show you how to apply it for yourself. Introduction: Johnny was a young…
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5 Key Lessons from “How I became a Millionaire in Real Estate by Age 26”
Introduction: While scrolling through YouTube one day, I stumbled upon a video thumbnail that grabbed my attention. It featured a sleek car parked in front of a modest house, with the title, “How I Became a Millionaire in Real Estate by Age 26.” At the time I was unaware that this video would be my…