A number of groups (the Consumer Federation of America, the Jump$tart Coalition for Personal Financial Literacy, Americans for Consumer Education and Competition, the American Savings Education Council) have conducted personal financial literacy quizzes with different audiences. Most of these show that literacy levels are low. (more…)

One of the first principles of frugal living is to live under your means. If followed this principle can be a foundation on which to build other principles. The problem is that most people are not sure how to actually do it, they need a specific plan.

To achieve this goal a family or individual can use the 70/30 Rule as their plan. The 70/30 Rule (more…)