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Personal Finance

The Savings Account Is Obsolete

There, I said what most people are thinking. The interest rate that you get for storing your hard earned cash into a savings account yields less than a tenth of a percent on average. Some of the biggest banks give a laughable 0.01%, such as Wells Fargo’s Way2Save, Bank of America Advantage Savings, and Chase […]

Dissecting The 50-30-20 Budgeting Rule

What is the 50-30-20 Rule? The 50-30-20 Rule is currently the most popular budgeting method around. It’s the go-to allocation breakdown you would generally get if you were to get personal finance advice. In a very quick TL;DR sense: the 50-30-20 Rule splits your income into three different categories – needs, wants, and savings + […]