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Tag: Debt reduction

The Unexpected Windfall that Boosted My Savings Rate (But There’s a Catch!)

Posted on May 12, 2024May 17, 2024 by budgetsense

Recently, I did the math and realized I was saving just about 21% of my net income. While this is good considering my living situation, family expenses, and other factors, I thought it would be even better to increase my savings rate to 25%. However, without making major changes or sacrifices, I couldn’t just boost…

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