These are guidelines for "wise" use of your money. They apply to many people's situations, but you should always think for yourself.
1. Spend no more than 30% of your income on housing. You don't want to be "house poor" with little money left for other needs.
2. Save 10% of your paycheck.
3.Spend 3 months salary on an engagement ring. The linked article says this "rule" was created by the diamond companies & you should not feel you have to spend that much.
4. When you retire, don't spend more than 4% of your savings each year.
5.120-your age=the per centage of your investment money that you put in stocks. This is one that you need to judge for yourself.
Click title for link to article by WC Porter at WiseBread.
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