u/Global-Thought-1049 — reddlx

▲ 0 r/PFtools+2 crossposts

Is there a budget app that tells you what's safe to spend based on your account balance, and expected income and bills?

I know my checking account balance isn't what I can spend because I need to keep some money in there to pay bills and my credit cards. But there's no easy way to know exactly how much I can actually spend from the balance in my checking account. What makes it even harder is that some months I get paid only twice and other months I get paid three times, so I need to keep a certain amount in my checking account for the two-paycheck months, so I have enough for the monthly bills. Is there an app that solves this problem and just tells me every week one consistent number of what I can actually spend beyond all my bills?

reddit.com

u/Global-Thought-1049 — 6 days ago

▲ 66 r/dataisbeautiful

[OC] Share of U.S. households that carry a credit card balance month-to-month, by age of household head

What the chart shows: the % of U.S. households who self-report they "sometimes" or "hardly ever" pay their credit card balance in full each month, broken out by age of the household head.

Two terms, since they come up a lot:

Revolver = household carrying a balance month-to-month and paying interest on it. About 32% of U.S. households (~43 million homes).
Transactor = household paying in full nearly every month. The majority — about 58%.

u/Global-Thought-1049 — 4 months ago

▲ 2.3k r/dataisbeautiful

At age 65–74, the top 10% of US households have $3,005,220 in net worth and the bottom 10% have $4,896.

The gap doesn't grow proportionally with age. It widens almost 8x from $379K (under 35) to $3M (65–74).

u/Global-Thought-1049 — 4 months ago