Five New $$$ Rules To Live By
ByHere are five smart new rules of money to live by now:
1. Save at least 15% of your net income for long-term goals
2. Do not invest more than 5% of your total portfolio in your company stock or any single stock
3. Keep your debt-to-income ratio at or under 30%
4. Only look at refinancing options (unless it’s an emergency) when rates are at least 3/4 to 1 point lower than your current rate
5. Try and keep discretionary spending (clothes, nights out, movie nights, dining out) under 20% of your take home (net) pay
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To your success in life!
