Living with a financial finish line inherently requires living on a fixed income. Here, we discuss some practical strategies for maintaining a budget through normal fluctuation in expenses, weathering sudden emergencies, and planning for large expenses.
Aspiring to the Median
Setting Up an Account Structure
Once your income passes your financial finish line, it’s important to have an account structure to keep things straight. This structure helps keep straight what money is for personal use and what money is set aside to use on others.
For some people, while the idea of percentile living may sound attractive, there is one looming barrier to getting started. Debt. For those of us with significant personal debt, how are we supposed to commit to living at a percentile?
Should I Pay Off My Mortgage?
We tackled managing debt within a percentile lifestyle, but what about a mortgage? How do my home and mortgage payment play into the percentile system?
Tithing with a Financial Finish Line
For those that have committed to living at a percentile, or for those seriously considering it, one question that frequently comes up is that of tithing. How exactly does tithing fit into this model?
Getting Started with a Financial Finish Line
Over the last few years, we have been struggling with the question, “What do we really need?”. The question requires a lot of wrestling. We live in a country overflowing with wealth, but that is not the case for most of the world.