Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

16 Ways to Get Back on Track After Devastating Financial Mistakes

April 8, 2021 · Saving & Spending

Create a Workable Budget

Creating a budget that works for you and your needs is the next big step. The 50/30/20 method is widely used, so you could start off with that if you’re unsure of where to even begin. Half of your money should go towards needs, 30% should go towards things you want while an additional 20% should go towards savings or debts.

These numbers are flexible, though, but it’s good to start off at this point so you can later have a better idea of what needs changing. If you’re not even spending 30% of your income on yourself, you should siphon some of that money towards debts and savings.

There are also ways to keep your needs under 50%, such as cutting down on groceries while also refinancing your mortgage, if that is an option for you.

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
« 1 ... 4 5 6 ... 17»

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • 6 Important Changes to Social Security Benefits in 2026
  • How To Pay Your Taxes With Your Credit Card in 2022
  • 8 Ways To Avoid Retirement Poverty
  • 13 States Where Your Freedom Is Respected
  • 18 Places Where Social Security Is More Than Enough
  • 7 Ways To Budget Your Groceries in Retirement
  • 14 Retirement Cities With Awful Weather
  • 11 States With the Best/Worst Social Security Checks in 2022
  • 10 Best Senior Discounts for 2022
  • 12 States That Tax Social Security Benefits

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

Working During Retirement? 11 Smart Tips for Seniors!

Use Technology and Seek Training Every workplace is in search of people who are not…

Read More →

12 Common Tax Mistakes That Could Lead to an IRS Audit

Writing Off a Loss for a Hobby If you have a hobby you’re really passionate…

Read More →

7 Ways To Budget Your Groceries in Retirement

Meat – For those who are meat lovers, if you want to go organic it’s going…

Read More →

If You Want to Retire Early Cut These 5 Expenses Now!

Vehicle purchases If you don’t want to spend $3,975 on a car purchase, as the…

Read More →

10 Things You’ll Spend A Lot On In Retirement

Moving and Relocating When your children are all grown-up and flown from the nest, exchanging…

Read More →

12 Common Money Myths You Need to Forget You’ve Ever Heard

Bargains should not be missed Buying something just because it has a great price or…

Read More →

10 Best Senior Discounts for 2022

Travel senior discounts – There are some museums, parks and historical sites that will always take…

Read More →

13 Truths About Retirement No One Wants To Talk About

Your golden years may come with some unexpected issues if you haven’t managed to plan…

Read More →

15 Tips to Avoid Being Scammed When Shopping Online

Fake saving apps Before downloading saving apps like those that inform you what major discounts…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

  • Home
  • About Us
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
  • Contact

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.