Popular budgeting advice like the 50/30/20 rule — which allows a set percentage of income to necessities, wants and needs — is meaningless for people whose paychecks go up and down. Freelancers, the self-employed, and those who depend on tips or commissions can have a great-paying month or a bad one, and that leaves them […]

Mellody Hobson covers the importance having an emergency fund. Mellody: It may seem like it is simply common sense to save up some money for a rainy day, but the truth is a huge number of people are not doing it, leaving them unprepared financially. According to an annual survey by Bankrate.com, 29 percent of Americans don’t […]