But there are quite a few of them out there. Most of these rules are pretty solid, tried-and-true methods for planning your finances. But again, personal finance is, well, personal. These rules are a good starting point, but to really stay on top of your finances, research and personalized planning is a necessity.
http://twocents.lifehacker.com/10-good-financial-rules-of-thumb-1668183707
These rules of thumb are good starting points for your spending. But maybe you want to adjust them, or make a budget that's more tailored to your situation. In that case, start from scratch, follow a few budgeting steps and design something that works best for you.
http://twocents.lifehacker.com/10-good-financial-rules-of-thumb-1668183707
rule of thumb. A rough and useful principle or method, based on experience rather than precisely accurate measures. For example, His work with the youth group is largely by rule of thumb. This expression alludes to making rough estimates of measurements by using one's thumb. [Second half of 1600s].
http://idioms.thefreedictionary.com/rule+of+thumb
This rule is lame because it focuses on income and not expenses. Income is irrelevant. It’s what you spend that matters. Instead, I recommend a different rule of thumb: Base your retirement needs on 100% of your pre-retirement expenses — plus 10%.
http://business.time.com/2012/12/28/9-handy-financial-rules-of-thumb/
DEFINITION of 'Rule Of Thumb'. A guideline that provides simplified advice regarding a particular subject. A rule of thumb is a general principle that provides practical instructions for accomplishing or approaching a certain task.
http://www.investopedia.com/terms/r/rule-of-thumb.asp
In other words, if you earn $50,000 per year, you’ll need $1,000,000 to retire. Again, I think this is lame because it focuses on income and not expenses, and expenses are what matter. But still, this can be a handy gauge. Strictly speaking, rules of thumb deal with numbers.
http://business.time.com/2012/12/28/9-handy-financial-rules-of-thumb/
She was born in a rural district of England, where life proceeds by rule of thumb and the unexpected is so very unexpected that when it happens it is looked upon as an immorality.
http://idioms.thefreedictionary.com/rule+of+thumb
Lately I’ve found myself using more and more financial rules of thumb. A rule of thumb is a general guideline, an easy way to approximate a value quickly. But it’s not meant to be completely accurate. For instance, one standard financial rule of thumb is to save at least 10% of your income. A better goal is to aim for 20%.
http://business.time.com/2012/12/28/9-handy-financial-rules-of-thumb/
Well-known financial rules of thumb include: 1  A home purchase should cost less than two and a half years' worth of your income. 2  Always save at least 10% of your take-home income for retirement. 3  Have at least five times' worth your gross salary in life insurance. 4  Pay off your highest-interest credit cards first. 5  The stock market has a long-term 6  ... Y
http://www.investopedia.com/terms/r/rule-of-thumb.asp
a general principle developed through experiential rather than scientific means. As a rule of thumb, I move my houseplants outside in May. Going by a rule of thumb, we stop for gas every 200 miles when we are traveling.
http://idioms.thefreedictionary.com/rule+of+thumb
what is a good rule of thumb?
A good rule of thumb is a rough and useful principle or method, based on experience rather than precisely accurate measures.