Financial Tips for the Middle Class

[Suba]

Although each country has different income figures, in America, the middle class has an average monthly income of at least $4,000. The middle class is a vulnerable group that can fall into the lower/poverty class or move up to the upper middle class, so many financial experts write advice and tips for this middle class. Here are some tips I've gleaned from various sources:
1. Prioritize building an emergency fund
2. Allocate the majority of your savings to investment instruments
3. Don't live an extravagant lifestyle; stay simple and frugal
4. Ensure you have essential insurance.
5. Pay off debt immediately.

 

[Starmix]

Thanks for sharing the tips, they are very important for the MC people. I already have all the five (5) tips.

 

[Augusta]

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