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How should a household allocate his savings?

How should a household allocate his savings?

The basic rule is to divide up after-tax income and allocate it to spend: 50% on needs, 30% on wants, and socking away 20% to savings. 1 Here, we briefly profile this easy-to-follow budgeting plan.

What is the 70% rule in real estate?

The 70 per cent rule is a way to help investors calculate the maximum purchase price they can pay for a fix-and-flip property in order to turn a profit. This rule states that a house flipper should pay 70 per cent of the after-repair value (ARV) of a property, minus the cost of necessary repairs and improvements.

What’s the best way to save money in Australia?

Richard from Simple Living Australia recommends you adopt a similar approach with your everyday finances: regularly squirreling money away to pay large bills down the track. ‘Bill smoothing’ is a payment system offered by utility providers (electricity, gas, water) whereby you pay them fortnightly or monthly,…

How to save money as a stay at home mum?

MONEY SAVING… If you listen to any athlete or professional sports person, they are all about goals. They live it, they breathe it, MONEY SAVING… BUDGETING MONEY MONEY SAVING… MONEY SAVING… INSURANCE MONEY It no longer pays to stay loyal to any insurance company… In fact, if you change every year, you could

What’s the best way to save money on taxes?

MONEY SAVINGS STORIES MONEY SAVING… TAX TIPS When June 30 rolls around, do you rush out to complete your tax return, rubbing your hands together with excitement. SAVINGS STORIES MONEY SAVING… MONEY MONEY SAVING… MONEY PARENTING FRUGAL ARTICLES MONEY SAVING…

How to reduce your energy bills in Australia?

To reduce your electricity and gas bills it helps to know about the major sources of household energy consumption and where your household fits in. The major sources of energy use around the typical Australian home are spread across heating water, heating and cooling and refrigeration and other electrical appliances.