The following was written by Luke Miller for his new column series, “Few Minute Finance”.
According to a 2019 survey by Charles Schwab, 59 percent of Americans live paycheck to paycheck, nearly six out of every 10 people. About 44 percent usually carry a credit card balance, and most people spend an average of almost $500 per month on “nonessential” items. Only 38 percent of Americans have an emergency fund.
Despite these obstacles, this type of living doesn’t have to define the rest of your life. Whether you make $20,000 or $200,000 per year, the principles for good financial stewardship are the same. My aim is to show you how and why.
One of my highest ambitions is helping folks find financial freedom and security. My wife and I have lived on the Plateau for almost three years in our first home, though my family history in the Puget Sound