Here’s The Absolute Bare Minimum You Need To Know About Personal Finance [Infographic]
10:45 am, August 17th | by Amy Tennery
Few people have a burning desire to pore over personal finance books at length. So consider this following infographic from Online College a kind of money crib sheet — a collection of the absolute, basic things you need to know to (some day!) emerge as a functional, credit-card-holding, bill-paying member of society.
Central to your spending plan, of course, is budget distribution: You shouldn’t spend more the 40 percent of your monthly budget on housing and utilities (unless you live in New York City, in which case plan to spend about 80 percent of your budget… I’m kidding, sort of). From there, you need to work on long-term budget goals, like setting up a retirement account one of these days, maybe. Set up an “emergency fund” and you’ll be so far ahead of things your peers will burn with envy.
Read on for more tips: