Learning path
Everyday money: budgets and debt
Two practical lessons: building a monthly budget with room for bills that don't come monthly, and comparing debts by their real cost, with a debt-payoff calculator.
2 lessons, about 12 minutes in all. Take them in order.
- Make a budget that leaves room to save 6 min
How to see where your money goes each month, plan for the bills that don't come monthly, build an emergency fund, and use the 50/30/20 guide without being ruled by it.
- Spot costly debt and clear it fastest 6 min
How to tell cheap borrowing from costly debt by its APR, why minimum payments keep you in debt for years, and how to choose the order to repay several debts.