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Boost Your Savings Rate to 20%+ in 5 Easy Steps (Money Q&A)

The Personal Finance Podcast

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How to Overcome Overspending

Step four is to prioritize savings. Warren Buffett says you always must save first, then spend what is left over. A big, big culprit for a lot of people is their car payment. You don't want to be spending more than 20% of your income in a one year income timeframe on a car.

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