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5 Ways to Help Give Your Money a Makeover

This article was posted on the Allstate Insurance Company blog, on five ways to give yourself a money makeover. The suggestions included: 1.managing your money by only using half of your salary for fixed living expenses, 20 for financial goals and 30 for optional spending. 2. finding out how much you need for your retirement. 3.waiting a set amount of time before spending on impulse. 4. strategically planning your weekly menus so that you don’t waste food. 5. Planning with your spouse before a crises happens.

Key Takeaways:

  • It may be a good idea to figure out the amount you need to save each month for retirement, says Forbes. Use an online calculator to help determine your number.
  • Plan your meals for the week and then shop only for ingredients you’ll need.
  • Menu planning may help cut down food waste and expenses by utilizing the same perishable ingredients multiple times during the week and helping you avoid purchasing items you don’t need.

“It may be a good idea to figure out the amount you need to save each month for retirement, says Forbes. Use an online calculator to help determine your number.”

https://blog.allstate.com/5-ways-to-help-give-your-money-a-makeover/