How to use your heart and head on personal finance

Source: Paul B. Brown, N.Y.Times (Paid Registration)

Two new books leave it up to you to determine your goals. The behavior one author advocates amounts to common sense. Manage your money in a way that allows you to sleep at night, he says. Use that money to gain control over your time so that you can, ultimately, do whatever you want. And, he emphasizes, “Save, just save.

Instead of tracking every penny you spend, the other author says, just divide your money into three buckets. One is for essentials such as housing costs, food, prescriptions and the like. That should get 50 percent of your income. Twenty percent should go to savings of all types, and the rest is placed in the “everything else” bucket.

Read Full Article: How to use your heart and head on personal finance

 

Tags/Keywords

 

Search

Quick Menu

Facebook FTwitter T
 

Consumer Help Desk

Advocacy