Elizabeth Warren is a personal finance expert—and she has a plan for your budget. (via CNBCMakeIt)
Sen. Elizabeth Warren takes the stage during the first night of the Democratic presidential debate on June 26, 2019 in Miami, Florida.Elizabeth Warren wants to fix the economy so it works for the average American.
She also co-wrote two classic personal finance books with her daughter, Amelia Warren Tyagi, that focus on the pressing daily economic issues Americans face. While many of her policy proposals address large, structural change — breaking up the tech companies, instituting Medicare for All and , among others — her books and research underline her understanding of the factors affecting American finances on an individual basis.
Rather than focusing on discrete actions, like skipping coffee runs or bringing your lunch to work, Warren and Tyagi write, you should focus on striking a balance in your financial life. That's what the 50/30/20 budget is meant to do. While cutting out coffee, for example, might work in the short term — i.e., you cut back for one month and save a bit of money — the 50/30/20 budget is meant to help you get ahead in the long term. Stick to it, and you'll be spending and saving responsibly.
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