American Money

The 50/20/30 Rule for Minimalist Budgeting

July 22, 2016
The 50/20/30 Rule for Minimalist Budgeting

Budgets are more than just paying your bills on time—a budget is also about determining how much you should be spending, and on what. The 50/20/30 rule, also called the 50/30/20 budget, is a proportional guideline that can help you keep your spending in alignment with your savings goals. Adults—especially young adults just starting...
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1 Billion Users Strong, Messenger Reinforces Facebook’s Competitive Advantage

July 21, 2016

Facebook Messenger hit 1 million monthly active users on Wednesday. Image source: Facebook. In November 2014, Facebook‘s (NASDAQ:FB) standalone messaging app hit the impressive milestone of 500 million active users. But this was apparently far from the service’s peak. As of Wednesday, Messenger has already grown to 1 million monthly active users. The app’s...
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3 Serious Problems With the 4% Retirement Rule

July 19, 2016

Image source: Getty Images. If you’re planning for a future in which you’ll be able to live off retirement savings, you may have considered using a rule of thumb known as the “4% rule” to map out future withdrawals. The 4% rule supposes that a retiree’s investment portfolio is equally split between stocks and...
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Best Places to Travel on a Budget

July 17, 2016

traveling is one of the best things in life, and luckily, low funds don’t have to dash your dreams of enjoying an epic adventure. A wealth of destinations—both in the U.S. and abroad—are so affordable that even hardcore penny pinchers can visit without worrying about their wallets. So if you’re itching to get away,...
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3 easy ways to make money this summer

July 17, 2016

If you are looking to put extra money in your pocket this summer, consider switching to a better bank account, credit card or brokerage. Financial service companies are becoming increasingly generous in their race to attract new customers. Switching accounts usually doesn’t take much time, and can be done online. If you do it...
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