Focus on Your Work

As boring as it sounds, concentrating on your work increases your income and also gives you less time to buy things you don't need.

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How to Start Managing Your Money, For Those Who Never Learned Growing Up

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How you manage, spend, and invest your money can have a profound impact on your life, yet very few schools teach these important skills. Learning financial savvy can take a while, but the basics are fairly simple and never change. Here's where to get started.

Key Idea

The Golden Rules of Personal Finance

Spend less money than you earn
Always plan for the future: you should always look forward beyond the current month
Make your mon...

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Ten Moves That Will Skyrocket Your Net Worth

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We all have money tips coming out our ears. Do this. Don't do that. Do this or that. And on and on... The advice seems endless. So much so that if you try to follow them all you'd end up with no time to actually live your life.

Key Ideas

Education and wealth

College degrees can add significant wealth. The more education you have, the more you’ll earn and the less likely you are to be unemployed. And if you can keep debt low while getting th...

Controlling expenses and wealth

Those who control their spending do much better. This doesn’t mean you have to save on EVERYTHING, just some things. Enjoy your life by spending on what you want here and there, just keep it in line so you have excess to save and invest. Even 10% will make you wealthy over time.

You’ve probably heard that time is your greatest investing asset. It’s true. The more investments earn and grow on their own, the greater they become.

Investment value is also greatly impacte...

You’ve probably heard that time is your greatest investing asset. It’s true. The more investments earn and grow on their own, the greater they become.

Investment value is also greatly impacted by the amount invested.

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How to Set Up a 50/20/30 Budget

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There are lots of different budgeting methods you can try to determine the best way to manage your money. But while budgeting guides might mention those methods or provide broad categories on which to focus, they don’t always make it easy to see how your budget will actually look.

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The 50/20/30 budgeting method

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With the 50/20/30 budgeting method:

50% of your monthly spending goes toward essentials - your home, your food, etc.
20% of your monthly spending ...

Debt payments

Debt payments may look confusing when you add it to the savings column. But the easiest way to build up a savings balance is not to have your money go toward debt. Once your debt is paid off, you can increase the savings.

Reducing your essentials

Play around with your monthly budget to see where you can reduce your monthly spending:

You could contact your internet company to get a discount.
You can clip coupons and use rebate apps to spend less on your monthly groceries.
You could set aside less for medical expenses if you have an emergency fund.