Question: Read Pay Yourself First, found on page 179 in the hardcopy textbook. What are your thoughts on the author's comment that you need to learn

Read Pay Yourself First, found on page 179 in the hardcopy textbook.

  • What are your thoughts on the author's comment that you need to "learn to think of your monthly savings amount as an actual bill that you owe and are required to pay"?
  • The author mentions having a goal of saving 20% of all money received. This is a part of the 50-20-30 rule, where you spend 50% of your income on needs, 30% on wants, and 20% to savings. Do you think that is something you could live by?
  • Develop a plan to an emergency fund of $500 in one year. What are some specific actions you can take to help achieve this goal?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

The ABC Company has net written premiums in the amount of $4.12 billion and a policyholders' surplus of $2.84 billion. LMN Inc. has net written premiums in the amount of $9.85 billion and a...

Q:

At the end of each chapter in the textbook is "A Kiplinger Approach", an article that is geared toward helping to bring the topics in the chapter to life. The article at the of Chapter 14 is entitled...

Q:

Providing Quality School-Based Learning and Support Services 239 Chapter 6 Language and literacy support Your core task The core task of almost all TAs is to support students language and literacy...

Q:

MNG3701/101/3/2016 Tutorial Letter 101/3/2016 Strategic Planning MNG3701 Semesters 1 and 2 Department of Business Management IMPORTANT INFORMATION: Please activate your myUnisa and myLife email...

Q:

economists paper analysis . . . . Term Paper There will be one term paper for the course that is due on the date indicated on the course syllabus/ Canvas by 11:59 pm. Please refer to syllabus for the...

Q:

See page 129- 137 on attachment for more details there are five steps to the project. Step 1: Create the loan amortization schedule for the property. Step 2: Create the depreciation schedule. Step 3:...

Q:

End of Chapter 1 Answers 1) Self-acceptance is getting to move on despite what people thinks about us, it is more of self- esteem, white self-esteem is how important we see our self. It is good to...

Q:

pls i need help with the samsung wiley Annual Report Project only the other 4 Attachment is a guideline telling you what need to be done.pls see the attached Apple company wiley Annual Report ANNUAL...

Q:

Study Guide Healthcare Statistics By Jacqueline K. Wilson, RHIA About the Author Jacqueline K. Wilson is a Registered Health Information Administrator (RHIA) who has more than ten years of experience...

Q:

i need help from section 3 part A I have already posted this and you asked me to post under advanced option Assignment Tier 1 Financial Planning (Tier1FPPA_AS_v1A3) Page 2 of 92 Student...

Q:

Assignment #1 Directions: Read and answer the questions below.This assignment is to be completed in two steps.Step One of the assignment is due on October 7, 2021, before class.For Step One, you are...

Q:

Suppose a corporation (the investor company) owns 164 million shares in another corporation (the investee company). The investor company wishes to liquidate the majority of its holdings. The average...

Q:

You would like to travel in South America 5 years from now, and you can save $7,400 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return...

Q:

The difference between a department's gross profit on sales and its direct expenses is the:

Q:

a.Thefollowing summary information is available regarding CPL Plc. CPL Plc. Profit Plan For the year ending Dec. 31, 2019 Sales Revenue $ 4,800,000 Net Income $ 1,200,000 Total Assets $ 6,000,000...