The 70/20/10 rule is a simple guide to financial planning that can help you reach your financial goals. It states that you should allocate 10% of your income to savings, 20% to debt repayment, and the remaining 70% to your living expenses.The 70/20/10 rule is a good starting point for most people, but it may need to be adjusted based on your individual circumstances. For example, if you have a lot…
Budgeting and saving are two of the most important financial habits you can develop. By tracking your income and expenses, you can see where your money is going and make sure you’re on track to reach your financial goals.Here are some of the most effective practices for budgeting and saving:Use a budgeting app. There are many budgeting apps available that can help you track your income and…
The world of cryptocurrency can be both exciting and daunting. With the potential for high returns comes great risk, and the market is known for its volatility. But with the right strategies, buying and selling crypto can be a profitable venture.First and foremost, it’s important to do your research. There are thousands of cryptocurrencies on the market, each with its own unique features and…
The Federal Reserve is expected to raise interest rates several times this year in an effort to combat inflation. This could lead to rising long-term interest rates, which could have a negative impact on the stock market.Long-term interest rates are the rates that banks charge each other for loans. They are important because they affect the cost of borrowing money for businesses and consumers.