November 2022 - Critical Financial

Home Posts made in November, 2022

Why Being YNAB Broke Is Good

Posted by Melissa Batai on Nov 22nd, 2022 · 0 Comment

I have tried many budgeting software programs over the past twenty years. Initially, I wrote my budget on pen and paper, which worked fine when I was single and for the first year or two of married life. Then, when our finances became more complex, I tried several electronic budgeting programs, but I didn’t find success until I started using YNAB (You Need a Budget). I have used this program for...
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Here Are 5 Financial Disadvantages of Owning a Huge House

Posted by Tamila McDonald on Nov 14th, 2022 · 0 Comment

Big, expensive houses are all the rage these days. Celebrities and wealthy businesspeople seem to be buying up ever-larger homes at an alarming rate. While there are some advantages to owning a large home, there are also several disadvantages that you should be aware of before making the decision to buy one. In this blog post, we will discuss five financial disadvantages of owning a huge house. Houses...
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

Why Being YNAB Broke Is Good

Here Are 5 Financial Disadvantages of Owning a Huge House

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