9 Powerful Personal Finance Strategies

Aim to save the entire salary of one spouse

While this is a high-aspiration personal finance strategy, it is the wisest approach to creating financial growth for dual-income families. If you and your spouse are both earning, determine your household budget in such a way that you can live on just one spouse’s income, while entirely putting the other’s income into savings and investments.

This conservative, time-tested approach to personal finance will set you up for long-term financial success. The key is to adopt this strategy early and develop the habit of frugality.