Books

  • Jeff Michael: Repair Your Credit and Knock Out Your Debt

    Jeff Michael: Repair Your Credit and Knock Out Your Debt
    I highly recommend this book because I wrote it.

  • Edie Milligan: Tips from the Top: Targeted Advice from America's Top Money Minds

    Edie Milligan: Tips from the Top: Targeted Advice from America's Top Money Minds
    I have about a dozen entries in this book.


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Comments

I've done some more math on this, and using national averages, one would have to earn $120,000 per year pre-tax in order to make a 20/50/30 budget work. The creators of this system are out of touch with reality and don't understand the economic situation of everyday people. Either that, or they're trying to convince the middle class that they're really poor.

(Here's why one would do that: http://www.coyoteblog.com/coyote_blog/2007/04/proletarianizin.html )

My budget guidelines scale down much better, and they're workable by people making realistic wages. They empower people making relatively little money to make ends meet, so long as they take their budget seriously and have some discipline.

Any budget that sets up households with less than $120,000 in annual income for failure is defective by design.

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