Friday, June 12, 2009

$2000.00 Rule

To assist in keeping my finances straight, I've implemented the $2000.00 rule: I check my bank accounts every payday; anything over $2000.00 in my checking account is moved to savings, and anything over $2000.00 in savings is moved to debt payment (or eventually, investment).  If my total expenditures for the last 30 days are under $2000.00, I have that amount available for personal puchases.

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