Newsletter
Better Finances for a Better You
← 029 Neontra Newsletter Issue #028 027 →
Estimated reading time: 6 minutes
Did you know?
According to the latest figures from Experian, the average American has 3.84 credit cards with an average credit limit of $30,365.
Don’t let credit cards rule your life. Use our free credit card pay down calculator to help you plan for a brighter future →Word of the week
Diversification
A fundamental investing strategy that distributes investment funds among multiple asset classes is diversification.
What Is Diversification? Definition as Investing Strategy →Budgeting
What is the 50/15/5 rule for saving?
The key takeaways to this simple plan are as follows:
Consider allocating no more than 50% of take-home pay to essential expenses.
Try to save 15% of pretax income (including employer contributions) for retirement.
Save for the unexpected by keeping 5% of take-home pay in short-term savings for unplanned expenses.
You'll have 30% of your take-home pay left over for discretionary spending. That might include shopping, dining out or entertainment.
Quote of the week
"The person who doesn't know where their next dollar is coming from usually doesn't know where their last dollar went. "
- Unknown
Infographic of the week
Visualizing the Top Countries by Wealth per Person
When looking at wealth per person on a country-by-country basis, is it more important to look at median wealth or average wealth?
See how you compare to the rest of the world →Saving
Can you afford to totally change your life?
Longing to quit your job and follow your passion? Or perhaps take a break to travel? Or move to a new place? First, you'll need to look at your finances. →Investing
How to Invest in Bonds
Bonds are a way for an organization to raise money. Let's say your town asks you for a certain investment of money. In exchange, your town promises to pay you back that investment, plus interest, over a specified period of time.
A Beginner's Guide to Buying Bonds →Serious stuff
Author Tammy Lally encourages us to break free of "money shame" and shows us how to stop equating our bank accounts with our self-worth.
TED.com - Let's get honest about our money problems →Fun stuff
"It's not about the money, money, money We don't need your money, money, money We just wanna make the world dance Forget about the price tag"
Which artist is #1 on our Neontrack playlist this week?
Listen to our Neontrack playlist when you have music and money on your mind.