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  2. If your after-tax income is $3,000 a month, for example, this is what you’d have for needs, wants and savings according to the 50/30/20 rule: 50% for needs — $1,500 (or $3,000 x 0.50) 30% for ...

  3. Personal budget - Wikipedia

    en.wikipedia.org/wiki/Personal_budget

    The 50/30/20 budget is a simple plan that sorts personal expenses into three categories: "needs" (basic necessities), "wants", and savings. 50% of one's net income then goes towards needs, 30% towards wants, and 20% towards savings. [4]

  4. Year-end financial checklist: Your guide to reviewing and ...

    www.aol.com/financial-planning-checklist...

    2. Evaluate your investments and take your RMDs. The end of the year is an ideal time to review your investment strategy to make sure your portfolio is still on the right track to meet your goals.

  5. Budget - Wikipedia

    en.wikipedia.org/wiki/Budget

    A budget is a calculation plan, usually but not always financial, for a defined period, often one year or a month.A budget may include anticipated sales volumes and revenues, resource quantities including time, costs and expenses, environmental impacts such as greenhouse gas emissions, other impacts, assets, liabilities and cash flows.

  6. Expense - Wikipedia

    en.wikipedia.org/wiki/Expense

    In addition to being an expense and satisfying elements 1-4 above, expenses are deductible as an investment activity under Section 212 of the Internal Revenue Code if they are (1) for the production or collection of income, (2) for the management, conservation, or maintenance of property held for the production of income, or (3) in connection ...

  7. How to choose a student credit card - AOL

    www.aol.com/finance/choose-student-credit-card...

    If you’re under 21 and applying for a credit card, you’ll need to provide proof of consistent income to qualify. ... you can always use a budgeting app or a spreadsheet to organize your expenses.

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