Numbers That Can Make or Break Your Personal Finances
Numbers can impact your life for better or for worse. This is especially true when it comes to your personal finances. Many finance articles quote numbers that answer questions related to your money and how you should handle it. For example, how many months of savings should I have? How long does a bankruptcy stay on my credit report? Well, ask no more. Here’s a list of some of some of the most important numbers you need to know.
Numbers can impact your life for better or for worse. This is especially true when it comes to your personal finances. Many finance articles quote numbers that answer questions related to your money and how you should handle it. For example, how many months of savings should I have? How long does a bankruptcy stay on my credit report? Well, ask no more. Here’s a list of some of some of the most important numbers you need to know.more
300: The approximate number of points you’ll lose from your credit score after declaring bankruptcy
10: The number of years a bankruptcy stays on your credit report.
6 to 8: The minimum number of months of household savings you should have
7: The number of years a settled debt stays on your credit report
3: The number of free credit reports you can get each year (one from each credit bureau)more
2: The maximum number of credit cards you should own
20 percent: The amount you need to put toward a home down payment in order to avoid private mortgage insurancemore
35 percent: The maximum amount of your take-home pay that should go toward housing
10 percent: The minimum amount you should save from your take-home pay