With inflation on the rise and the stock market uncertain, keeping an eye on your finances is essential. Not a fan of budgeting? You don’t have to be a financial expert to follow the 80/20 rule, a simple budgeting method that can help you take control of your money.
The 80/20 rule, according to CNBC, involves allocating 80 percent of your income to essential expenses like housing, food, and transportation as well as any additional wants, and setting aside 20 percent for savings and debt repayment. This simple approach can help you stay on top of your finances without feeling overwhelmed.
Setting up automatic transfers to savings and investment accounts can also help you reach your financial goals. In addition, paying off debt is always a smart move. By following the 80/20 rule, you can take control of your money and improve your financial situation. Give it a try — you may be surprised at how much easier budgeting can be.
Help The Seniors Center Protect the Future of Social Security
The Seniors Center is committed to finding solutions to strengthen and protect the Social Security Trust Fund. Social Security is a contract between citizens and the government. Money deposited in the Trust Fund should only be used to pay benefits to eligible recipients.
The Seniors Center is demanding Congress finally put a stop to the careless borrowing and spending by greedy politicians that has put our Trust Fund and our secure retirement in jeopardy.
At The Seniors Center, our goal is to help seniors, and we’re doing that by protecting the future of Social Security. Retirees shouldn’t have to worry about losing their hard-earned benefits to taxes or the agendas of greedy politicians. If you agree, we invite you to sign our petition today! And follow The Seniors Center on Twitter and Facebook for more updates!
