| No Images? Click here  Having a rough week? So is Chase bank's social media editor, who suggested yesterday that customers with low balances should make their own coffee at home to solve their pesky no-money problem. While that can save you a little bit of spending cash — I've shared my favorite iced coffee recipe here before! — it doesn't address any real reasons some customers are struggling, or, you know, what Chase itself has done to exacerbate that. But Elizabeth Warren has. We read her old book about handling personal finances and pulled some of her advice for you below. As she points out, success is less about saving $1 on coffee and more about smart decisions on bigger things.Janie  Take back your life Before Elizabeth Warren was even a senator, she wrote books about money. She even popularized the famous 50/30/20 budget rule in All Your Worth: The Ultimate Lifetime Money Plan, a 2005 book that gives six steps for eliminating personal financial woes.Some of Warren's principles in the book challenge common personal finance beliefs. For one thing, she tells readers not to nickel and dime themselves, countering the frugality that's taken hold in personal finance.“Here’s a little secret that the other financial books won’t tell you: Savvy money managers don’t spend a lot of time looking for ways to save a few pennies,” Warren wrote. “They charge right ahead to the big-ticket items, looking to make high-impact changes in the shortest period of time. They don’t sweat the small stuff. And neither will we.”Nearly 15 years later, Warren's book really holds up. Here's what we found when we dusted off the cover and dove in.
Deal with itIf there’s one golden rule of buying a house, it’s that you should always save at least 20 percent for a down payment. After all, who wants to pay private mortgage insurance, borrow more and pay a slightly higher interest rate? Well, you will, probably, if one of three situations sounds familiar. Casey Bond details the scenarios in which putting down less than 20 percent actually makes more sense than waiting to save. Pro Tip:
 Want more practical magic? 
👋You may have noticed our website is now www.huffpost.com. Don't worry, it'll still be the same HuffPost you know and love, just with a new URL. Make sure to update your bookmarks!  HuffPost is now a part of Verizon Media Group. On May 25, 2018 we introduced a new Oath Privacy Policy which will explain how your data is used and shared. Learn More.No moon dust. No B.S. Just a completely essential daily guide to achieving the good life. Subscribe here. Like what you see? Share it.Can't get enough? You'll also love HuffPost's Entertainment newsletter.©2019 HuffPost | 770 Broadway, New York, NY 10003 |
 |  |  |  |
-
-
0 comments:
Post a Comment