I’ve recently written some posts about evaluating income based on the number of household members and about assessing the cost-of-living to income ratio. It is more accurate to think about your income per person relative to your neighbors than to simply compare overall household income numbers. We also talked about the 50/30/20 rule that says that your cost-of-living… Read More »
Congress has a low approval rating but if you think that term limits would fix this problem, then you’d better think again. According to termlimits(dot)com, 83% of Americans want term limits applied to the House and the Senate. Not only will such a move not help fix what people don’t like about Congress, it will make things worse.… Read More »
I’ve been trying to find a cost-of-living to income ratio that will define the ability to be financially healthy (meaning: pay all your bills, save properly, invest properly, and stay out of debt). If you make $100,000/year but the cost-of-living is $100,000/year then you aren’t able to save or invest. When expenses arise that exceed the usual cost-of-living,… Read More »