1 / 6

Lifetime Budget Planning: Smart Money Strategies for Financial Success

Discover essential tips and principles to secure your financial future in this guide to lifetime budget planning. Learn the key percentages to allocate towards necessities like housing and automobiles, as well as minimum thresholds for retirement savings. Uncover the 20-10 rule on credit management and follow Dave Ramsey's Baby Steps to achieve financial security. Explore additional thoughts on budgeting wisely and reflect on common obstacles to financial planning. Be intentional, be radical, and take small, smart steps towards a stable financial future.

claudia-dale
Télécharger la présentation

Lifetime Budget Planning: Smart Money Strategies for Financial Success

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Numbers to Live By Lifetime Budget Planning

  2. 10-25-10 Plan • Bill Bullington • http://www.bullingtoncapital.com • Spend no more than these percents of your income on … • 10% Automobiles • 25% Housing • Spend at least this percent of your income on: • 10% Retirement

  3. 20 – 10 Rule on Credit • Vince Digirolamo • VP National City Bank • Bank made money every year for 164 years • Bought by PNC in 2008 • Credit – ability to repay • Capacity – willingness to repay • Collateral – second way out of the loan • Borrow less than 20% of yearly net income • Borrow less than 10% of monthly net income

  4. Baby Steps • Dave Ramsey • http://www.daveramsey.com • Small, smart steps will get you to security • A place where your money is working for you • Not you working for your money • Be Radical • In decision making, not spending • Be Intentional • On paper, on purpose

  5. Steps • $1000 Emergency Fund • $0 of Personal Debt • 3 Months of Living Expenses • 10 % in a Retirement Account • 15 x Annual Salary in Insurance • 20/20 Down Payment/Life of the Loan • 50/50 Expenses/Investments

  6. Additional Thoughts • What adviceis missing from these lists? • Why don’t more people follow these plans? • What will keep you from budgeting wisely? • Be Honest • Be specific • Be thoughtful

More Related