BANGOR - Tax season can be a great time to jump start a personal budget.
A recent national survey shows that more than half of Americans will use their returns to pay off debt. And once your head is above water, financial experts say putting a budget in place will set you up for future success, while accomplishing personal goals.
"So if you want a vacation, or you want a new car, or you want something fun, a budget helps you get there," says Marion Syverson, "and pay your bills."
Syverson says your budget should break down so that it looks something like this:
35% allotted for housing, 25% for life: which includes food, entertainment, and health care expenses. 15% for transportation, and 10% for savings.
Information provided by:
Marion Syverson, MBA
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