Category: Budgeting
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Sinking funds are just budgeting cosplay
Personal finance influencers love sinking funds. The math says one savings account does the same job with less friction and fewer fees.
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Pay yourself first assumes you have anything left to pay
The ‘pay yourself first’ rule is great advice for people who already have margin. For everyone else, it skips the actual problem. Here’s what works instead.
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The 50/30/20 budget is useless for anyone making under $60K
The 50/30/20 budget rule assumes a comfortable income. For people making under $60K, the math collapses. Here’s what to use instead.