i will work to become more financially sound. step 1 was to start a heathcare savings account.

 

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Here's an easy solution:

Take your net income and:

1.  10% goes into your 401K or retirement account (this will be deducted before taxes)

2.  Depending on your health - 10-20% goes for health savings account

3.  30% is for housing (mortgage, rent)

4.  20% is for fixed blls (utilities, etc.)

5.  15% is for living expenses (food, clothes, home, etc.)

5.  10% is for life expenses (movies, restaurants, vacation, etc.)

 

This serves as a guide to live within your budget. Too many people spend more for life expenses than they can afford and use their credit card to pay bills.  That's the way to get into financial trouble.

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