How Much of Your Paycheck Should You Save Each Pay Period?
There’s a popular budget strategy called the 50-30-20 rule. It recommends that you allocate 50% of your paycheck to essential expenses (needs), 30% to non-essential expenses (wants), and 20% to savings and investments. The concept is sound, but it doesn’t always account for unexpected expenses. In those instances, emergency loans may be available for those…