Personal Finance

Four personal finance rules that need an overhaul – Articles

Some of the best-known rules of thumb in personal finance have lost their usefulness.

While it’s helpful to have a starting point for a housing budget or savings goal, or for allocating an investment portfolio between asset classes, many popular guidelines date back to a time when growth house prices and wages were more closely aligned, student debt had not crossed the trillion dollar mark, and stocks and bonds did not fall at the same time.

Here are four outdated rules and suggestions for more realistic ways to think about finances.

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