What is the 50/30/20 rule?
50% needs (housing, utilities, food, transport), 30% wants (dining, entertainment), 20% savings+debt payoff.
How much emergency fund?
3-6 months essential expenses. 6-12 months for unstable income or single earner.
What is net worth?
Total assets - total liabilities. Track monthly. Growth trend matters more than absolute number.
Cost of living differences?
BEA RPP: SF 178, NYC 128, Austin 108, rural MS 86. $100k buys $56k equivalent in SF vs $116k in MS.
Average wedding cost?
US median ~$30k per The Knot. Venue typically largest line. Guest count biggest lever.
Childcare costs?
Center care $10-20k/yr/child. Nanny $35-60k. Varies huge by state. DCFSA $5k pre-tax shelter.
High-yield savings rate?
4-5% APY typical in 2026 for online banks. Compare Marcus, Ally, CIT, SoFi.
How to budget with variable income?
Budget to lowest expected month. Use buffer account. Smooth via 2-month pay reserve.
Pay-yourself-first?
Auto-transfer to savings/investing immediately on payday. Forces discipline.
Track expenses manually?
Apps (Rocket Money, YNAB, Monarch) simplify. 80% of tracking value in categories, not every transaction.
When to rent vs buy?
Rent if moving within 3 years. Buy for 5+ years with 20% down. See Rent vs Buy calculator.
Pet cost planning?
Dog lifetime $15-30k (food, vet, insurance, supplies). Emergency vet fund $3-5k recommended.
EV savings vs gas?
EV saves $1,000-2,500/yr fuel + maintenance. Higher upfront. Break-even 4-7 years typical.
Subscription audit frequency?
Quarterly. Average household 12+ subscriptions totaling $200+/mo. Major waste category.
Budget for irregular expenses?
Annual expenses (taxes, insurance, holidays, car maintenance) ÷ 12 = monthly set-aside.