Savings is the Household Budget’s Essential Ingredient

Saving money wisely is a fundamental habit. Savings or investing amounts you set aside ought to be about 10% of your family’s net earnings, but that can vary by income size and family needs. Save as much as you can, diligently and as a habit.

Any convenient arrangement that helps you properly allocate expenditures and for periodic savings or investment, qualifies as a good budget plan. Otherwise the plan is doomed for eventual failure. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)