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50/30/20 budgeting rule: How to allocate your salary wisely
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50/30/20 budgeting rule: How to allocate your salary wisely

The Indian Express·1 day ago
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The 50/30/20 budgeting rule recommends spending 50% of take-home pay on needs, 30% on wants and 20% on savings. Financial experts explain how to classify EMIs, insurance premiums and investments, and adapt the rule to different income levels and family…

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I'm confused about my HSA: Should I use it for medical expenses or save it? Can I reimburse myself all of it?

I have an HSA (Health Savings Account) with about $6,000 in it. I never use it. Last year I decided to contribute the maximum amount for the tax savings. When I log in, I see it will just let me "reimburse myself" and transfer money.…

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Dad has no investments at 60

Reddit r/personalfinance·u/intwesting·5 days ago
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#account#100k#savings#edit#investments

My dad has $100k in a checking account. He’s never made any investments and does not have a high yield savings account. He had a health scare and no longer works. He’s turned to me to help invest his money so that he can have some growth to live off of.…

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