Not exact matches
Work to keep your
essential expenses under 50 % of your take - home pay, and be sure to save for the future too — contribute at least enough money to your workplace retirement
account to get the entire match from your employer.
The rest of the needed cash for the first five years will come from savings and capital gains from our brokerage
accounts, where we'll have enough in low - risk investments to cover our
essential expenses.
At the highest level, there are two categories —
essential expenses and lifestyle
expenses — and your income strategy should take both into
account.
In general, you can use a custodial
account to pay for any
expenses that benefit the child, as long as they are not considered the basic
essentials of living.
Most of us salaried folk today are in a paycheck to paycheck mentality where towards the end of the month, we literally revert to the zero balance in our bank
account and eagerly await the paycheck just to be able to pay
essential expenses like loan repayments, housing, transportation cost etc..