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5 Tips to Make Better Financial Decisions

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  1. FINRA Investor Education Foundation, National Financial Capability Study, "U.S. Survey Data at a Glance," http://www.usfinancialcapability.org/results.php?region=US, accessed August 25, 2019. Back
  2. Gallup, "One in Three Americans Prepare a Detailed Household Budget," https://news.gallup.com/poll/162872/one-three-americans-prepare-detailed-household-budget.aspx, published June 3, 2013, accessed August 25, 2019. Back
  3. Board of Governors of the Federal Reserve System, "Federal Reserve Board Issues Report on the Economic Well-Being of U.S. Households," https://www.federalreserve.gov/newsevents/pressreleases/other20180522a.htm, published May 22, 2018, accessed August 25, 2019. Back
  4. ValuePenguin, "Average Credit Card Debt in America: August 2019," https://www.valuepenguin.com/average-credit-card-debt, accessed August 25, 2019. The average interest rate is 15.09%. Alina Comoreanu, "Historical Credit Card Interest Rates," WalletHub, https://wallethub.com/edu/historical-credit-card-interest-rates/25577/, published March 9, 2019, accessed August 25, 2019. Back
  5. Board of Governors of the Federal Reserve System, "Report on the Economic Well-Being of US Households in 2018," https://www.federalreserve.gov/publications/report-economic-well-being-us-households.htm, published May 2019 [PDF], accessed August 25, 2019. Back
  6. Laura Agadoni, "What Percent of Your Take-Home Pay Should Be Discretionary Income?" https://budgeting.thenest.com/percent-takehome-pay-should-discretionary-income-26839.html, The Nest, published April 5, 2019, accessed August 25, 2019. Back
  7. Paula Pant, "The 50/30/20 Rule of Thumb for Budgeting," https://www.thebalance.com/the-50-30-20-rule-of-thumb-453922, The Balance, published March 12, 2019, accessed August 25, 2019. Back