Quick and Easy Personal Finance Tips


Personal finance is not taught formally in elementary / high school in the U.S. and you can see the consequences in adult financial behavior:

  • Abysmal savings rate
  • High debt
  • Credit card dependence
  • Percentage of salary devoted to housing and other living expenses

But personal finance isn’t difficult as long as some basic rules are followed:

  • Live below your means
  • Save at least half of your salary (yes, it’s extreme but necessary)
  • Use only 20-23 percent of take home income for housing
  • Cars are poor investments
  • Do not eat out often
  • Live and spend time with like minded individuals 

There are other rules or tricks, of course, and some good sources include: The Simple Dollar, Millionaire Next Door, Two Income Trap and a series of very simple but effective video clips from accountant Scott Gutterson.


  1. Hi,
    Nice Blog!

  2. Great advice Vin.

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