How Many Budget Categories Should You Have?
One of the core tenets of financial literacy is keeping a tidy budget. But a common question in creating a budget is how many budget categories are required?
Jesse Cramer created The Best Interest to explain personal finance and investing in simple terms. His writing has been featured by CNBC, MSN, The Motley Fool, and other national publications. He resides in Rochester, NY with his wife and their dog, where he works in wealth management. Follow Jesse on Twitter: @BestInterest_JC
One of the core tenets of financial literacy is keeping a tidy budget. But a common question in creating a budget is how many budget categories are required?
Rebalancing your portfolio decreases your portfolio risk *and* often increases your long-term returns
Rules. Should we make them absolute (like a Sith lord)?!? Or do we allow for exceptions, even against people’s best interests.
Your FI number—or financial independence number—details how much money you need to successfully retire. Or under the right circumstances, how much money you need to retire early.
Take your gold-plated jewelry to the pawn shop, and dump your portfolio into silver dollars. You don’t want to miss this opportunity.
The first of a regular cadence of quarterly updates. Let’s talk through to good, bad, and ugly of Q1 2021. Plus, lots of dog pics!
Let’s get the lame stuff out of the way. I turn 31 on Monday. Yippee! Last year, I wrote about the amazing growth that can… Read More »31 Lessons from 31 Years
Context myopia is an affliction that’s spreading in our society. And *you* might fall prey if you’re not careful.
Perhaps it’s just a pipe dream, but I think education is a cost-effective way towards a better future.
I am not a money genius. I’ve touched many proverbial “hot stoves,” and the Best Interest is part of my scar tissue. Today, let’s dive into seven of my money mistakes and the lessons I’ve learned from them.