To help with your long-term savings goals, financial experts recommend you follow the 50-20-30 rule! Divide your take-home money into three categories: living essentials, lifestyle choices, and saving for the future. Fifty percent of what you bring home should go towards your must-haves—shelter, groceries, utilities, and transportation. Spend no more than 30 percent on your lifestyle budget, things like your phone, a gym membership, travel, and general fun! And that leaves a good 20 percent to for a savings account or a retirement fund to secure your future!
Mandy’s Fabulously Frugal Fact of the Day is brought to you by…
Old World Deli is Bellingham’s authentic delicatessen in the European fashion! You can dine-in, shop the market, and order wine, meat, cheese, and groceries for pick up or delivery! Order online or visit them at 1228 N. State Street in Bellingham! Check out their daily specials on Facebook to save money on your lunch or dinner.