How to Track Your Net Worth (And Why It Deserves a Monthly Check-In)
A practical guide to net worth: what to count, what to leave out, how to review it monthly, and why trends matter more than one snapshot.
#personal finance
8 articles with this tag
Time Value of Money in Everyday Life: Decisions Worth Calculating
Explore how the time value of money applies to real-life decisions like leasing vs. buying, paying off debt, and negotiating salaries. Practical examples included.
Credit Card Payoff Strategies: Avalanche, Snowball, and Consolidation Compared
Compare the three most effective credit card payoff methods: debt avalanche, debt snowball, and balance transfer consolidation. Includes math, pros/cons, and calculator links.
The 50/30/20 Budget Rule: A Simple Framework That Actually Works
Master the 50/30/20 budgeting rule — allocate 50% to needs, 30% to wants, and 20% to savings. Includes examples, variations, and a step-by-step setup guide.
Savings Rate: A Useful Planning Metric, Not a Magic Number
A practical guide to savings rate: how to calculate it consistently, what it helps you measure, and why the most useful version is the one you can track over time.
Tax Brackets Explained: How Marginal Tax Rates Actually Work
A practical guide to U.S. federal tax brackets: marginal rate versus effective rate, why a raise does not make all your income taxable at a higher rate, and how to read the brackets correctly.
Emergency Fund Sizing: How to Build a Buffer That Fits Your Risk
A practical emergency-fund guide: what expenses to cover, how to choose a target, where to keep the money, and why the right amount depends on income stability and cash-flow risk.
Debt-to-Income Ratio: How Lenders Use It and How to Improve It
A practical guide to debt-to-income ratio: what counts, what usually does not, how mortgage underwriting uses DTI, and the fastest ways to improve it.