From EVERY paycheck, 10% goes into savings, 10% goes to charity giving/church and the last 80% you live on. Other than housing, you should pay off every bill every month. If you can do this, you are living within your means and will succeed financially in any economy.
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I have a rule called 50-20-30 Debt savings and power pay down... I re budgeted everything and found out I was way over debt.. after working hard on power paying bills I was able to fit into this percentage rules.. 50% Must haves- rent, insurance, gas, food, your things on what you need to live off of 20% savings- Paying down debt 30% wants- cell phone, cable bills, subscriptions ect. Things you want but can live without
Power paying, you will take your smallest bill and pay it off .. you use that amount then pay that down. roll those payments over to the next bill and so forth.. also line them up to the highest interest rates to balances..
By doing these rules I was able to be debt free in 5 years.
Suze Orman's 8 Qualities of a Wealthy Woman Besides money, a wealthy woman has some qualities that serve as guideposts to make sure she's always walking toward wealth rather than away from it. Harmony and balance; Wisdom and courage; Generosity and happiness; Cleanliness and beauty;
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