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10 Most Useful Personal Finance Ratios And How To Apply Them

Clever Girl Finance

The term personal finance ratios might be giving you flashbacks to math class. In mathematical terms, a ratio is essentially a way to compare two numbers to each other. Since personal finance is all about numbers, that can come in handy in many ways! You might be cutting out some of your “fun” budgets for this one.

Numbers 75
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What Is The 70-20-10 Budget?

Clever Girl Finance

If you don’t feel like you truly have a strong handle on your finances, one possible cause for that is using a budgeting method that doesn’t work. While not everyone needs a to-the-penny balanced budget, some type of budgeting strategy or template is really important if you want to know where your money is going month after month.

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In the Market for a Big Purchase? Why You Might Want to Hold Off

Your Richest Life

That number fell to 1.6 Additionally, keep an eye on your budget and consider refinancing when rates fall again. You should also do the math to make sure you have a clear idea of what you can afford. The rate of inflation currently at 3.7 percent, so you can expect rates to remain high for a bit longer. months in August of 2023.

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What Does Liquid Net Worth Mean And How Do You Calculate It?

Clever Girl Finance

Meanwhile, cash equivalents are investments that can be sold for cash relatively quickly and easily while still maintaining their market value. A highly liquid investment is one that: Is in an established liquid market. Maintains a large number of readily-available, interested buyers. Cash can be: Cash. Savings accounts.

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How To Use Money Journaling: Improve Your Mindset And Your Finances

Clever Girl Finance

It's more than just math. To make it a money journal, you also need to write down how you feel about all your spending in addition to the numbers. For example, you might have a monthly budget but are you sticking to it? And isn't a good mood something worth budgeting for? This is the secret ingredient.

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The 50-30-20 Budget: How It Works + A 50-30-20 Budget Template

Clever Girl Finance

Like many, you might shudder at the word budget. But the 50-30-20 budget and the 50-30-20 budget template prove it doesn't have to be difficult. A budget plans out exactly how you'll use your money and this can be tailored to suit your specific lifestyle and situation. What is a 50-30-20 budget?

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Thinking About Retiring Early? 8 Things to Consider First

Carson Wealth

While the ultra-high-net-worth population might indeed be able to live off their investments and the resulting interest without ever earning another dime, they also are likely to have a certain echelon of lifestyle that can still put them at risk if they don’t make good financial decisions. The post Thinking About Retiring Early?